Golden Sky Expands Mineralized Footprint to 3 km x 1.5 km with Anomalous Copper-In-Soils Grading to ~0.40% Cu on the Rayfield Property, British Columbia
Golden Sky Expands Mineralized Footprint to 3 km x 1.5 km with Anomalous Copper-In-Soils Grading
to ~0.40% Cu on the Rayfield Property, British Columbia
Vancouver, August 30, 2022 – Golden Sky Minerals Corp. (AUEN.V) (the “Company” or “Golden Sky”) is
pleased to announce the results from Phase 1 of the 2022 soil geochemical sampling and prospecting
program, conducted on its 100% owned Rayfield Property (“the Property”) in southern British Columbia.
The program included collection of ~600 B-horizon soil samples within the Rayfield Copper Zone that
encompassed an area of ~7 km2. In addition to the soil samples, a total of 58 rock samples were collected
across the ~25,000-hectare property and submitted for both geochemical and lithogeochemical analysis.
This program was designed to further expand a laterally extensive copper copper-in-soil anomaly (Rayfield
Copper Zone) outlined from the 2021 soil sampling program (see March 30th, 2022 News Release) and to
delineate any newly identified regional targets through prospecting and geological mapping.
• The expanded copper-in-soil footprint at the Rayfield Copper Zone covers a 3 km x 1.5 km area
and remains open to the northwest an the southeast. Within this anomaly are several soil samples
that assayed up to ~4,000 ppm Cu (0.40% Cu) (Figure 1).
• The c entral corridor of elevated copper-in-soil assay values closely coincides with anomalous
potassium values, and with Induced Polarization chargeability anomalies , both of which are
common characteristics shared with other mineralized porphyry systems in British Columbia
(Figure 2).
• There is a close correlation between the highest-grade copper-in-soil sample assays and some of
the highest copper grades from historic drillholes. Several of these drillholes ended in
mineralization, suggesting the mineralized porphyry system remains open at depth (Figure 3).
• Discoveries of several new target zones within the ~25,000-hectare property were made,
indicated by rock samples grading to 0.75% Cu and 0.67% Cu with 111 ppb gold (Au). This provides
excellent upside potential for additional discoveries.
“We are very pleased with the scale of the mineralized system that we are obse rving on the Rayfield
Property,” stated Cameron Dorsey, VP Exploration of Golden Sky . “ Our systematic approach towards
exploration is starting to delineate what could be a very large mineralized porphyry system at the Rayfield
Copper Zone that remains open along -strike and to depth. The sheer size of the copper-in-soil anomaly,
combined with similar geological, geochemical, and geophysical characteristics shared with other alkalic
porphyries in the Quesnel Terrane, makes this zone a very compelling drill target.”
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
The Rayfield Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt,
which hosts Teck Resources’ Highland Valley Mine, Imperial Metals’ Mount Polley Mine, Centerra Gold’s
Mount Milligan Mine, and Kodiak Copper’s MPD Project (see Figure 4). The Rayfield copper-gold project
is located approximately 20 kilometers east of the Town of 70 Mile House, British Columbia, and is
accessible year-round by well-maintained service and logging roads extending from BC Highway 97.
Figure 1: Copper assay values from the 2022 Phase 1 soil sampling program overlaying airborne geophysical radiometric survey
(Potassium) at the Rayfield Copper Zone. The longer soil lines are from the 2021 regional soil sampling program, whereas the
shorter infill lines are from the 2022 phase 1 soil sampling program. Elevated copper values appear to be closely correlated to
potassium anomalies. Intermittent copper assays along the plateaus may be a result of thick till cover and sporadic thin
outcrops of younger basalt cover.
Figure 2: Copper-in-soil assays closely associated with a shallow induced polarization survey (IP) conducted in 1989
(chargeability of 5.0 milliseconds). The copper-in-soil anomaly to the north remains untested by an IP Survey.
Figure 3: Copper-in soil assays overlaying 1VD airborne magnetics. Many of the elevated copper assays are closely associated
with some of the best intercepts from historic diamond drilling. Many anomalous copper-in-soil zones remain underexplored by
diamond drilling as the majority of drillholes were shallow and vertical.
Figure 4: Rayfield Copper-Gold Project in relation to major projects in the Quesnel Trough.
Other Property Mineral Occurrences:
• Several new ly identified target zones were sampled across the ~25,000 -hectare property
(including the newly optioned claims around Vidette Lake and covering the Mowich zone).
Approximately 48% of rock samples collected in Phase 1 are considered anomalous in copper (>50
ppm Cu). Two of the highest-grade samples were collected in newly discovered zones; these
assayed 7,498.7 ppm (0.75%) Cu (X Target Zone) and 6,680.4 ppm (0.67%) Cu with 111 ppb Au
(Rayfield Copper North Extension). All newly discovered zones provide excellent upside potential
for additional discoveries. Two of these zones, Gnome and Semlin, were selected for immediate
follow-up with a Phase 2 soil sampling program totalling ~950 soil samples (Figure 5).
• The Gnome target zone is hosted within Nicola Group rocks intruded by the Triassic-Jurassic Thuya
Batholith. The Gnome target has historically been explored as a molybdenum prospect with
limited historic drilling despite the encouraging alteration and mineralization observed on
surface. Mineralization is predominantly observed in chalcedonic quartz-carbonate (calcite) veins
that are host to disseminated pyrite and chalcopyrite . One of these veins returned high Cu and
Au values, up to 0.35% Cu, 8.9 g/t Ag, and 4.8 g/t Au. The target zone also shares several magnetic,
gravity, and radiometric geophysical anomalies that are similar in characteristics to other alkalic
copper-gold porphyry systems in the Quesnel Terrane.
• The Semlin target zone is an outcrop discovery made during Phase 1 that was exposed in a brand-
new road cut. Overburden cover is extensive in the area, with very limited rock exposure. A few
rock samples were collected, which were composed of Nicola Group basalt with significant quartz-
carbonate veining and up to 10% combined pyrite and chalcopyrite mineralization. Additionally,
the fracture surfaces were coated by pyrite and chalcopyrite. Several factors, including the volume
of mineralized quartz-carbonate veining, trace-element geochemical setting (i.e. elevated
molybdenum values), historically mapped diorite plugs, and proximity to a magnetic geophysical
anomaly, make this a compelling new target.
John Newell, President and CEO of Golden Sky Minerals, states, “We are very pleased with the
continued advancement of the Rayfield property, with excellent results from soil sampling, rock
sampling, and geological mapping, as we prepare the property for its inaugural drill campaign
later in 2022. A little more than one year has passed since staking the Rayfield Project, and the
Golden Sky Minerals Corp. geological crew, led by Cameron Dorsey VP Exploration, have rapidly
developed their understanding of the property with solid boots-on-the-ground field work and
utilizing modern exploration techniques. This has led to the Rayfield Project growing from
~11,000-hectares to more than double in size to ~25,000 hectares. We are encouraged that this
work is just the beginning of exposing the property’s tremendous potential to host a large
copper-gold porphyry system.”
Figure 5: The Rayfield Property has been expanded to ~25,000-hectares and now encompasses several new target zones. All
zones are at various stages of exploration with several higher-grade samples collected in Phase 1 of 2022.
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 Lucky Strike, all in Yukon, Canada. In addition, the
recent purchases of the Rayfield Copper-Gold Project in southern British Columbia, and the staking of the
Eagle Mountain Gold Project in the Cassiar Gold District in northern 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 British Columbia 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 statements” (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”, “understanding”, “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, without 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 con sistent 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;