Golden Sky Granted Second Permit to Drill the Rayfield-Gjoll Property, Expands Exploration to Gnome and Semlin Targets
Golden Sky Granted Second Permit to Drill the Rayfield-Gjoll Property, Expands Exploration to
Gnome and Semlin Targets
Vancouver, January 7, 2026 – Golden Sky Minerals Corp. (TSX-V: AUEN.V OTC: LCKYF) (“Golden Sky” or
“The Company”) is pleased to announce that it has received its permit to drill at the Gnome and Semlin
Target zones on the Rayfield-Gjoll Copper-Gold Property in south-central British Columbia, Canada (Figure
1). Phase 1 of the program is proposed to begin in early 2026 with an Induced Polarization (IP) geophysical
survey to test the geochemical and geophysical anomalies outlined from previous exploration programs
(Figure 2). Phase 2 will comprise up to 3 ,000 metres of diamond drilling to test geochemical and
geophysical anomalies identified by the IP survey.
The contiguous Rayfield-Gjoll Property, located less than 60 km northwest of Kamloops, British Columbia,
encompasses 87,660 hectares within the prolific Quesnel Trough , one of Canada’s premier porphyry
copper belts. This metallogenic corridor hosts several major mining operations, including Teck’s Highland
Valley Copper Mine, Taseko’s Gibraltar Mine, New Gold’s New Afton Mine, Hudbay Minerals’ Copper
Mountain Mine, and Imperial Metals ’ Mount Polley Mine. The Quesnel Trough is characterized by
significant metal endowment and a well- established production history; however, vast areas remain
underexplored by modern, systematic exploration methodologies. The region benefits from robust
infrastructure and all-season access which support efficient exploration and development activities.
John Newell, President and CEO of Golden Sky Minerals, states : “Receiving this second drill permit from
the British Columbia Ministry of Mining and Critical Minerals is a significant milestone for Golden Sky. It
enables us to expand exploration at the highly prospective Gnome and Semlin target areas, which exhibit
compelling geochemical and geophysical signatures consistent with porphyry -style copper-gold systems.
With our first permit now active and this second one in hand, we are well-positioned to advance systematic
exploration across the Rayfield- Gjoll property. This progress also strengthens our collaboration with
Boliden as part of the earn- in agreement, and we look forward to an active and results -driven 2026
exploration season.”
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
Gnome Target
• Large-scale ~1.8 km x 1.5 km geochemical copper-gold-zinc-arsenic-molybdenum (Cu-Au-Zn-As-Mo)
soil anomaly (see December 6, 2022 news release) with limited historical drilling.
• The ZTEM geophysical survey identified a major resistive anomaly dipping to the northeast,
interpreted as a buried porphyry system (see July 23, 2025 news release).
• Historical surface sample assays up to 0.22% Cu and 1.02 g/t Au (Morin, 1988).
• Favourable alteration: widespread phyllic and propylitic zones across the target are consistent with
surface exposures of the upper zones of an underlying porphyry system.
• Historical drill hole 72455 intersected 0.1% Cu over the final 68 m (Brauset, 1998), with increasing
gold grades associated with abundant disseminated pyrite. This has been interpreted as the inner
portions of the pyrite halo, which may grade into the main porphyry-style mineralized zone with
depth.
• Coincident magnetic, gravity & radiometric anomalies aligned with alkalic Cu-Au porphyry signatures
in the Quesnel terrane.
Semlin Target
• Large-scale ~1.4 km x 0.9 km geochemical soil anomaly (Cu-Au-Zn-As-Mo) (see December 6, 2022
news release)
• Located along the edge of a high-resistivity batholith – interpreted to be a favourable porphyry
setting.
• Surface samples assayed up to 0.2% Cu, 135 ppm Mo, 55 ppb Au (2022), highlighting the potential
for a mineralized copper-gold porphyry system.
• Dioritic-monzonitic intrusion mapped along edge of geophysical and geochemical anomaly is
associated with disseminated pyrite & quartz veining.
Figure 1: The combined >87,000-hectare Rayfield-Gjoll Property is located in a highly prospective “gap” in the Quesnel Trough,
where major companies have active mines and are exploring for new Cu-Au porphyry deposits.
Figure 2: Copper-in-soil assays (2022-2023) overlying Geophysical ZTEM survey. Elevated copper values closely correlate with
high-resistivity anomalies identified by the survey, enhancing the prospectivity of underexplored geophysical targets.
References
Brauset, R.U. 1998. Assessment Report on Geological and Geochemical Surveys of the South -East
Quadrant of Gnome. BC Geological Survey Assessment Report 25996.
Koffyberg, A. 2008. Assessment Report on a Diamond Drill Program, Rayfield River Program. BC Geological
Survey Assessment Report 30271.
Morin, J.A. 1988. Geological and Geochemical Report on the Epi Claim Group. BC Geological Survey
Assessment Report 17810.
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 develop its portfolio of p roperties to the mineral
resource stage through systematic exploration.
Its portfolio includes the Rayfield -Gjoll Copper -Gold Project in British Columbia, the Hotspot and
Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario’s Timmins camp. 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
About Boliden
Boliden contributes to a sustainable future by extracting, producing and recycling metals that are essential
to improve society for generations to come. With care for people and the environment, combined with
experience gathered over a century and cutting -edge technology, Boliden’s 8,000 employees have
achieved leading productivity and one of the lowest carbon footprints in the industry.
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 result s 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 publicly 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.