The Board of Sky Metals Limited provided an update on exploration activities at its Hume Target within the Cullarin Gold Project near Goulburn in NSW (SKY 80%). The Hume diamond drilling program has been focussed on testing the controls and extensions of high-grade gold mineralization in HUD002 (93m @ 4.24g/t Au; ASX SKY 10 February 2020). Gold mineralization is currently interpreted to be associated with lead-zinc sulphides within zones of intense silica-sericite-carbonate alteration proximal to the Hume Fault. Favourable alteration plus base metal sulphide has been recognized over a significant strike length and is open at depth and to the south. Analysis of the results of the drilling program has identified a major north-west trending structure that appears to control the high grade mineralization. Assay results have now been received from drillholes HUD011 and HUD012. Geological commentary on drillholes HUD011 and HUD012 was reported by SKY previously (SKY ASX 25 May 2020 & 22 June 2020) and the following is largely an update for the drillholes where assay results have now been received. Results from HUD012 are presented on long section. Drillhole HUD012, located approximately 70m west of HUD002, was targeted to test the down dip extent of mineralization intersected in HUD002 & HUD007. The Hume Fault was intersected at 150m with a zone of intense silica alteration with matrix base metal mineralization present between 182-191m and stringer base metal sulphide veins extending to around 220m. This zone is located 50-75m beneath the high-grade mineralization intersected in HUD002. High grade gold mineralization in HUD012 is associated with vein related Pb-Zn-Cu mineralization. Drillhole HUD011, located approximately 325m north of HUD002, was targeted to test the strike extent of the intense alteration and base metal mineralization intersected in HUD005. Although zones of Pb-Zn-quartz veining were intersected, no intervals of significant mineralization were recorded. Evaluation of the results of the drilling has revealed a north-west trending structure that appears to be intimately associated with high grade mineralization in both the SKY drillholes as well as the historic drillholes. A program of diamond drilling to test the strike and depth extent of this interpret high grade structure is scheduled to commence in the next couple of weeks. Also, diamond drilling will be conducted on determining the southern strike extent of the mineralization interested in drillhole HUD008. A programme of RC percussion drilling is scheduled to test the Hume North soil anomaly commencing later this month. The Hume North soil anomaly occurs over ~1,200m strike extent and is located approximately 1.5km north of HUD002. The combination of the potassium (K) radiometric signature together with a pronounced magnetic low, and gold and multi- element pathfinder elements in the soil results, describe a compelling `McPhillamys style' target at Hume North. A second gold soil anomaly was identified to the northwest of Hume North proximal to the Breadalbane Iron Mine. A McPhillamys multi-element soil anomaly is also present here over an area of 500m x 400m peripheral to a distinct magnetic high associated with the iron mine. Six diamond drillholes at the Breadalbane Iron Mine (B1 Prospect) completed in the 1970's & 1980's have been located at the NSW Government Core Library that occur within this soil anomaly but have previously received very limited assaying for gold. These drillholes have been prioritised for immediate logging and sampling. Soil sampling (Hume South) was recently extended to the south and west of the Hume Target to evaluate the southern strike extent of the Hume mineralization intersected in HUD008. Assay results from these samples are pending. Hume Target Historic Drillholes Sampling of historic diamond core holes at the NSW Government drillcore library resumed in June. All historic diamond drillholes completed by previous explorers between HUD002 and HUD008 have now been logged and sampled. As noted previously, although each of these drillholes record wide intervals of gold mineralization, the historic sampling, particularly for gold, has been piece meal. Assay results from this work are pending. As noted above, sampling and logging of drillholes from the historic B1 prospect associated with the Breadalbane Iron Mine soil anomaly is now in progress. Sampling of these historic drillholes offers SKY a great opportunity to advance the evaluation of the Hume Target whilst saving significant time and money.