Golden Sky Minerals Consolidates Strategic Ground Covering Historic Vidette Gold Mine on its Rayfield-Gjoll Project
Golden Sky Minerals Consolidates Strategic Ground Covering Historic Vidette Gold Mine on its
Rayfield-Gjoll Project
Vancouver, September 16, 2026 – Golden Sky Minerals Corp. (TSX-V: AUEN.V OTC: pink LCKYF) (“Golden
Sky” or the “ Company”) is pleased to announce that it has entered into an agreement to acquire
strategically located mineral claims within its Rayfield -Gjoll Project in south -central British Columbia,
including mineral claims covering the historic Vidette Gold Mine and the Elm mineral occurrence in the
Criss Creek area.
The acquisition further consolidates Golden Sky ’s land position within the Rayfield -Gjoll Project and
strengthens the Company’s ability to undertake district- scale exploration across an area with a history
of both high-grade gold mineralization and copper -gold porphyry exploration.
Acquisition Highlights
• Acquisition of strategically located mineral claim blocks within the Rayfield -Gjoll Project;
• Claims include ground covering the historic Vidette Gold Mine (Figure 1) , a past -producing
high-grade gold operation;
• Acquisition also includes the Elm mineral occurrence near Criss Creek (Figure 2) , providing
additional exploration targets within the broader project area;
• Further consolidates Golden Sky ’s strategic land position and reduces gaps between existing
claim blocks;
• Provides Golden Sky with increased control over prospective ground surrounding historically
identified mineral occurrences;
• Supports the Company’s strategy of applying modern geochemical, geophysical and geological
exploration techniques to historically underexplored areas of southern British Columbia.
The Vidette Gold Mine
The historic Vidette Gold Mine is located at the north end of Vidette Lake in the Deadman River Valley,
approximately 50 kilometres north of Savona, British Columbia, with road access from the Trans -Canada
Highway.
The Vidette area is underlain by Upper Triassic Nicola Group volcanic rocks intruded by granodiorite, with
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
localized contact-related skarn alteration. At the mine, gold mineralization occurs within several north -
northwest-striking quartz -calcite veins containing pyrite, chalcopyrite and lesser tellurides, with gold
occurring as native gold and in association with tellurides and sulphides. The veins are commonly hosted
by strongly carbonate- and pyrite-altered wall rocks.
Five vein systems were developed at the mine, with the Tenford vein reportedly traced for approximately
275 metres, including approximately 150 metres of historical ore development. More recent sampling in
2008 returned 12.3 grams per tonne (g/t) and 25.5 g/t gold from the Tenford vein (Dicksen, 2009).
Between 1933 and 1940, the Vidette Mine reportedly processed approximately 48,980 tonnes of ore ,
recovering approximately 929 kilograms (32,769 troy oz) of gold, 1,449 kilograms (51,112) of silver and
43,825 kilograms (96,617.5 lbs) of copper (BCGS MINFILE 092P 086). Historical results are not necessarily
indicative of mineralization on the Company's current property and have not been independently verified
by Golden Sky.
Golden Sky Minerals previously identified the strategic importance of the Vidette area during its
consolidation of the Rayfield property. In 2022, Golden Sky expanded its Rayfield land package through
the optioning of approximately 8,100 hectares of the Vidette- Mowich Property, specifically highlighting
the opportunity to systematically explore the ground surrounding the past-producing Vidette Gold Mine.
Golden Sky believes that the historic Vidette workings and surrounding mineralized structures provide an
important geological reference point for evaluating the broader gold and copper- gold potential of the
Vidette area.
Elm Mineral Occurrence
The Elm occurrence is located approximately 12.5 kilometres northeast of the Deadman River along Criss
Creek and is hosted by Upper Triassic Nicola Group volcanic rocks and Jurassic Ashcroft Formation
sediments intruded by a small diorite plug. Three mineralized zones , the Gold-Silver, Molybdenum and
Quartz zones, are associated with the intrusion and a northwest -trending structural corridor. The Gold -
Silver Zone is hosted within a 35- to 100-metre-wide listwanite unit along a faulted contact, with quartz-
carbonate veins and shears containing pyrite, sphalerite, galena, chalcopyrite and tetrahedrite. Historical
sampling returned higher-grade values including 7.5 g/t Au and 824.2 g/t Ag with 2.37% Zn and 2.13%
Cu (Philipchuk, 1967). Underground and surface workings date back to the early 1900s.
Strategic Land Consolidation
The newly acquired claims are strategically located within the broader Rayfield -Gjoll Project and
complement Golden Sky’s existing mineral tenure in the area. The Company believes that consolidating
historically fragmented mineral claims is important to allow systematic exploration of geological trends
that may extend beyond individual historical occurrences.
The Rayfield area has demonstrated evidence of both copper-gold porphyry-style mineralization (Gnome
Target) and structurally controlled gold mineralization (Vidette Mine). Previous work by Golden Sky at
the Gnome Target identified an extensive copper -in-soil anomal y, quartz veining, phyllic-propylitic
alteration and copper mineralization associated with intrusive rocks. Historical exploration has also
identified chargeability anomalies that correlate with areas of copper mineralization.
The addition of the Vidette and Elm claim blocks provides Golden Sky with additional ground from which
to evaluate the relationship between these historical mineral occurrences and the broader geological
architecture of the Rayfield-Gjoll Project.
Transaction Terms
Pursuant to the agreement, Golden Sky will acquire a 100% interest in nine mineral claims from Steven
Scott, comprising a total of 385.28 hectares.
As consideration for the acquisition, Golden Sky will issue 300,000 common shares of the Company to the
vendor, subject to the approval of the TSX Venture Exchange (the “TSX.V”) and applicable securities laws.
The acquired claims will be subject to a 2% net smelter return royalty (“NSR”), of which 1% may be
purchased by the Company for C$1.0 million and the remaining 1% for C$2.0 million.
The securities issued pursuant to the acquisition will be subject to applicable statutory and/or contractual
resale restrictions.
Completion of the transaction remains subject to customary closing conditions, including receipt of all
required regulatory and TSX approvals.
John Newell, President and CEO of Golden Sky Minerals, comments: “Acquiring the Vidette and Elm claims
is an important step in strengthening and consolidating our Rayfield– Gjoll Project. The historic Vidette
Gold Mine confirms the presence of high-grade gold mineralization within the broader property, while the
Gnome copper in soil anomaly extends to the boundary of the newly acquired ground. Bringing these
strategically located claims under one ownership allows us to evaluate these mineralized systems as part
of a much larger geological picture. We believe the combination of historic gold production, multiple
mineral occurrences and compelling copper gold porphyry targets signifi cantly expand the exploration
potential of Rayfield–Gjoll.”
Figure 1: Map showing the spatial relationship between the historic Vidette Gold Mine and the Gnome target. The Gnome target
is defined by a Cu-in-soil anomaly that extends to the boundary of the newly acquired claim block, suggesting the mineralized
trend may continue onto the newly acquired ground.
Figure 2: Map showing the location of the Elm occurrence over regional geology, highlighting its position along a prominent
northwest-trending fault and associated structural corridor.
References
British Columbia Geological Survey. “Vidette.” MINFILE No. 092P 086. Accessed September 8, 2026.
MINFILE 092P 086 — Vidette.
Dickson, E. 2009. "Summary Report on The Vidette Lake Property." March 18, 2009. MINFILE Mineral
Inventory. BC Ministry of Energy, Mines and Low Carbon Innovation. gov.bc.ca.
Philipchuk, P. A. 1967. Geological Report: The Chess Claims, Kamloops Mining Division, British Columbia.
Property File, September 25, 1967.
About Golden Sky Minerals Corp.
Golden Sky Minerals Corp. is a project generator-style junior explorer focused on the acquisition,
systematic exploration, and strategic advancement of a diversified portfolio of 100% -owned mineral
properties in highly prospective, mining -friendly jurisdictions. The Company's strategy emphasize s
securing major partners on select high-potential assets to fund exploration and minimize shareholder
dilution, while advancing its broader portfolio in parallel.
Golden Sky’s portfolio includes the flagship Rayfield-Gjoll Copper-Gold Project in British Columbia (subject
to a C$20 million earn-in and joint venture with Boliden AB), the Hotspot and Lucky Strike gold projects in
Yukon's White Gold District, and the Auden Gold Pro ject in Ontario's Timmins camp. All core assets are
100% owned by the Company with no underlying royalties.
More information can be found at the Company’s website at www.goldenskyminerals.com
About Boliden
Boliden’s vision is to be the most climate -friendly and respected metal provider in the world. We are
Europe’s producer of sustainable metals and, guided by our values care, courage and responsibility, we
operate within exploration, mines, smelters and rec ycling. We are around 8,000 employees and have
annual revenues of approximately SEK 90 billion. The share is listed in the Large Cap segment of NASDAQ
Stockholm.
www.boliden.com
ON BEHALF OF THE BOARD
John Newell, President, Chief Executive Officer and Director
Andy Randell, P. Geo., Consulting Geologist with SGDS Hive Geological Consulting 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. Mr. Randell is independent of the
Company.
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”, “intends”, “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 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.sedarplus.ca. 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.