Golden Sky Minerals Corp. Drills 1.03 g/t Au over 80.77 Meters in Discovery Drill Hole at Bullseye Property, Yukon Territory
Golden Sky Minerals Corp. Drills 1.03 g/t Au over 80.77 Meters in Discovery Drill Hole at Bullseye
Property, Yukon Territory
Vancouver, September 28, 2021 – Golden Sky Minerals Corp. (AUEN.V) (the “Company” or “Golden Sky”)
is pleased to announce results from the inaugural 2021 reverse circulation (RC) drill program at its 100%
owned Bullseye Property (“the Property”) in the Yukon Territory (see Table 1 for results and Table 2 for
collar information). The 384.05-metre RC drill program was designed to test the Gold Crest Zone along a
150-metre strike length and up to a 100-metre drill depth. The Property is located within the newly
emerging Wels Gold District and is contiguous to K2 Gold Corp’s Wels Gold Project.
• Five reverse-circulation (RC) holes totaling 384.05m were drilled at the Gold Crest Zone. All five
holes returned significant near-surface gold (Au)-bearing intervals (Table 1).
• Discovery Hole BERC -21-4 intersected significant gold mineralization that assayed 1.03 g/t Au
over 80.77m, including 1.88 g/t Au over 25.91m, in turn including 2.54 g/t Au over 12.19m. This
broad intersection of gold mineralization from surface provides evidence for a robust gold system
within the Gold Crest Zone.
• This first pass, shallow-hole drill program tested only a 150-meter strike length of the Gold Crest
Zone, which remains open along strike and at depth. To further test the mineralized zone along
strike and at depth, an extensive follow -up diamond drill program has been recommended. In
addition, there remain several outlying contact -related soil geochemical anomalies that will
require follow-up exploration (Figure 4).
• The Bullseye property is a large land package comprising 112 Yukon Quartz Claims covering
2,300-hectares (23 km2). Much of the property remains largely under-explored.
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
Table 1: Assay results from the 2021 Bullseye RC drill program
Hole ID From (m) To (m) Length (m) Au (g/t)
BERC-21-1 13.72 19.81 6.10 0.18
BERC-21-1 36.58 70.10 33.53 0.43
BERC-21-1 including
BERC-21-1 48.77 70.1 21.34 0.56
BERC-21-2 18.29 62.48 44.2 0.80
BERC-21-2 including
BERC-21-2 19.81 45.72 25.91 1.13
BERC-21-3 0.00 12.19 12.19 1.13
BERC-21-3 65.53 71.63 6.10 0.28
BERC-21-3 including
BERC-21-3 65.53 70.1 4.57 0.33
BERC-21-4 1.52 82.30 80.77 1.03
BERC-21-4 including
BERC-21-4 3.05 28.96 25.91 1.88
BERC-21-4 9.14 21.34 12.19 2.54
BERC-21-5 1.52 91.44 89.92 0.32
Table 2: Drill collar information
Hole ID Easting Northing Azimuth Dip Depth (m)
BERC-21-1 553607 6928778 120 -45 70.1
BERC-21-2 553689 6928741 300 -45 62.48
BERC-21-3 553699 6928793 300 -45 77.72
BERC-21-4 553645 6928703 300 -45 82.3
BERC-21-5 553599 6928674 300 -45 91.44
Message from John Newell, President and CEO:
“Golden Sky Minerals is excited about the successful results at Bullseye from this inaugural drill
program as a follow up to last year’s successful trenching program , and believe the property
deserves to graduate to a comprehensive diamond drill program in 2022. This year’s drilling
showed the gold mineralization extends directly from surface and, in the case of Hole 4 , extends
for the length of the hole.
The fact that mineralization is open-ended gives even more ‘blue sky’ to the potential width of this
zone. On top of this, the drilling has demonstrated the real opportunity to expand the strike length
of the Gold Crest zone, as well as plenty of new targets for follow-up along the regional geological
contact.
Soil sampling and trenching have been prime tools in locating mineralized areas in the White Gold
district. Assay results from 2020’s trenching program at the Gold Crest zone are similar to the initial
discovery trench results at both the Coffee Creek and the Golden Saddle targets that led to the
drilling of those deposits. Building upon this, I believe that our Bullseye Project is drill-ready at the
Gold Crest zone, with enormous potential to expand further along strike.
Lastly, we would like to again thank the Yukon Territorial Government and Yukon Geological Survey
for funding part of this program through the Yukon Mineral Exploration Program (YMEP). Their
support has been instrumental in advancing Bull’s Eye and similar programs through the initial
exploration phase.
Figure 1: Reverse-circulation (RC) drill program was designed to test 150m strike length of the Gold Crest zone. The RC holes
were up to 100m in drill length
Other Property Highlights:
• The property is 100% owned by Golden Sky Minerals with no underlying royalties or payments.
• The property is in close proximity to the Snag airstrip (22 km), which provides for cost-effective
exploration.
• Favorable structures and host lithologies are similar to those of recent mineral discoveries on K2
Gold Corp’s neighbouring Wels Property.
• The Gold Crest Zone is marked by a significant ~500m x 200m gold-in-soil anomaly with values
up to 216 ppb Au. This anomaly remains open to the north and south and appears to follow a
major regional shear which has developed along a schist-mafic intrusive contact.
• Trenching within the Gold Crest Zone during 2020 defined a significant mineralized zone that
assayed ~0.69 g/t Au over 78m , including 1.03 g/t Au over 44m . Observations from the trench
indicate that mineralization is related to pyrite -bearing quartz stockwork development,
silicification and shearing.
• With similar geological settings and geophysical signatures to other local significant prospects
in the area, there is great potential to discover a low or high sulphidation epithermal gold
deposit or buried porphyry prospect on the Bullseye Property.
Figure 1: Regional location map, Bullseye Property
Figure 2: Regional geology of the Wels gold district
Figure 3: Gold Crest Zone, defined by gold-in-soil geochemical anomaly