Golden Sky Defines a 600 m x 475 m gold-in-soil anomaly with values up to 552 ppb Au at the Sure Bet North zone, Hotspot Property, Yukon Territory
Golden Sky Defines a 600 m x 475 m gold-in-soil anomaly with values up to 552 ppb Au at the Sure Bet
North zone, Hotspot Property, Yukon Territory
Vancouver, Jan 10, 2023 – Golden Sky Minerals Corp. (AUEN.V) (the “Company” or “Golden Sky”) is
pleased to announce that a 600 m x 475 m zone of elevated gold -in-soil values, up to 552 ppb Au , has
been defined at the Sure Bet North zone, located within its 100% owned Hotspot Property (“the
Property”) in the Yukon Territory (Figure 1 & 2). This zone is overlain and flanked by a multi-element
bismuth (Bi), antimony (Sb), arsenic (As), ± selenium (Se) and ± molybdenum (Mo) geochemical anomaly,
which further extends the mineralized system to approximately 1 000 m x 600 m (Figure 3) . This
geochemical soil anomaly trends northeast and appears to transition from a mid -level low-sulphidation
system (Au, As, Sb), exposed in the creek valley, to an upper -level low-sulphidation gold system upslope
(As, Sb) ( Figure 4). Erosion may have expo sed the extent of the geochemical signature of this low
sulphidation system which may host gold-bearing mineralization below the upper-slope zone marked by
anomalous As and Sb values (Figure 4 & 5).
The West Valley zone (Figure 2) was also further defin ed by soil sampling in 2022 (Figure 3 & 4) .
Permafrost, which is more developed in this zone, can mask element distribution representing the
underlying bedrock geochemical signature. Despite sampling difficulties, a ~600 m x 300 m arsenic-in-soil
anomaly w as defined , with sporadic elevated gold and antimony values. With similar geological,
geophysical and geochemical characteristics to the Sure Bet zone, the West Valley zone is considered
highly prospective for further exploration.
Mr. John Newell, President & CEO of Golden Sky Minerals stated : “We are extremely pleased with the
success of the 2022 exploration program. The multi-element soil geochemistry has been critical in defining
the size and scalability of this project and has provided more cont ext for geological interpretation, which
will be crucial in future drill planning. The property now has three main target zones with excellent
potential for additional discoveries in a region (Tintina Gold Belt) known for world-class deposits.”
TSX-V: AUEN
GOLDEN SKY MINERALS CORP.
2110 -650 West Georgia Street
Vancouver, British Columbia
Canada, V6B 4N9
Telephone: 604 568 8807
Facsimile: 604 681 1864
www.goldenskyminerals.com
Figure 1: Hotspot property location in the Yukon Territory. The property is located within the Tintina Gold Belt, which hosts numerous multi-million-ounce gold deposits in the
Yukon and Alaska. The Tintina Gold Belt includes the deposits shown here.
Figure 2: A larger and more defined gold system has now been delineated at the Sure Bet North zone. The West Valley zone has
also been expanded.
Figure 3: Multi-element geochemistry has defined a ~1000 m x 600 m anomalous zone within the Sure Bet North zone. A strong correlation between Au, As, Sb is commonly
associated with epithermal gold systems, including low-sulphidation and Reduced Intrusion-related Gold Systems (RIRGS).
Figure 4: A geochemical horizon is interpreted to separate the geochemical signature commonly associated with the upper and mid-levels of a low sulphidation system. For
simplicity, the geochemical horizon line is interpretated to be horizontal (refer to Figure 5 for cross-sectional view of a low-sulphidation gold system model).
Figure 5: Cross-sectional model of various geochemical signatures observed in a low-sulphidation gold system. Modified after
Buchanan (1981).
About Golden Sky Minerals Corp.
Golden Sky Minerals Corp. is a well -funded junior grassroots explorer engaged in the acquisition,
assessment, exploration, and development of mineral properties located in highly prospective areas and
mining-friendly districts. Golden Sky’s mandate is to d evelop its portfolio of projects to the mineral
resource stage through systematic exploration.
The drill-ready projects include Hotspot, Bullseye, and Luckystrike, all in Yukon, Canada. In addition, the
recent purchase and expansion of the Rayfield Copper -Gold Project in southern British Columbia, the
Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, and the Argo Copper
and Gold Project in the Quesnel Trough , British Columbia add to the company’s substantial early-stage
Canadian project pipeline.
The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.
More information can be found at the Company’s website at www.goldenskyminerals.com
ON BEHALF OF THE BOARD
John Newell, President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined
by National Instrument 43-101 for Golden Sky’s Yukon exploration projects, and has reviewed and
approved the technical information in this release.
For new information from the Company's programs, please visit Golden Sky 's website at
www.GoldenSkyMinerals.com or contact John Newell by telephone (604) 568-8807 or by email at
[email protected] or [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information”
or “forward -looking statement s” (collectively, “Forward -Looking Information”) within the meaning of
applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified
by the use of words and phrases such as “anticipates”, “expects”, “understand ing”, “has agreed to” or
variations of such words and phrases or statements that certain actions, events or results “would”,
“occur” or “be achieved”. Although Golden Sky has attempted to identify important factors and risks that
could affect Golden Sky and may cause actual actions, events or results to differ materially from those
described in Forward-Looking Information, there may be other factors and risks that cause actions, events
or results not to be as anticipated, estimated or intended, including, w ithout limitation: inherent risks
involved in the exploration and development of mineral properties; the uncertainties involved in
interpreting drill results and other exploration data; the potential for delays in exploration or development
activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration,
development or mining results will not be consistent with Golden Sky ’s expectations; accidents,
equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties
with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses;
uncertainties relating to the availability and costs of financing needed in the future, including to fund any
exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration
results and other risks set forth in Golden Sky's public filings at www.sedar.com. In making the forward -
looking statements in this news release, Golden Sky has applied several material assumptions, including
the assumption that general business and economic conditions will not change in a materially adverse
manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on Forward -Looking Information. Except as required by law,
Golden Sky does not assume any obligation to release publ icly any revisions to Forward -Looking
Information contained in this news release to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.