Golden Sky Minerals Files NI 43-101 Technical Report on Rayfield Copper-Gold Project Supporting 2026 Partner-Funded Drill Program with Boliden
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Golden Sky Minerals Files NI 43-101 Technical Report on Rayfield Copper-Gold Project
Supporting 2026 Partner-Funded Drill Program with Boliden
Vancouver, March 30, 2026 – Golden Sky Minerals Corp. ( TSX-V: AUEN.V) (“Golden Sky” or the
“Company”) is pleased to announce that it has filed a National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”) Technical Report (the “Technical Report”) for its Rayfield
Copper-Gold Project, located in south-central British Columbia.
The Technical Report integrates historical exploration results with those from the Company's 2025 ZTEM
and aeromagnetic surveys and 2026 airborne magnetic program, outlining multiple porphyry copper-gold
and epithermal targets across the district-scale property. The report also provides recommendations for
a phased exploration program, including target refinement and an initial diamond drilling campaign. The
Technical Report was prepared in accordance with the Company's Option and Joint Venture Agreement
with Boliden Mineral Canada Ltd., a wholly owned subsidiary of Boliden, under which Boliden may earn
up to an 80% interest in the combined Rayfield -Gjoll Property by funding up to C$20 million in staged
exploration expenditures. The Technical Report establishes a consolidated technical framework for
prioritizing targets, advancing toward a partner-funded drilling program in 2026.
The Rayfield Copper-Gold Project comprises a large, district-scale land package within the Quesnel terrane
and hosts multiple target zones defined by coincident geological, geochemical, and geophysical signatures
consistent with alkalic porphyry systems.
The Technical Report outlines five distinct copper-gold target zones across the property, each supported
by multiple independent lines of evidence:
At the Rayfield Zone, historical drilling has outlined an extensive mineralized system with an anomalous
copper-in-soil geochemical signature measuring approximately 3,000 m x 1,500 m. Bedrock mineralization
is confirmed by historic drilling , including intercepts of 0.1 9% copper (Cu) over 30 m and 0.18% Cu over
43.4 m. Recent airborne magnetic data has identified multiple corridors having magnetic low signatures
coincident with potassic and propylitic alteration and elevated Cu values of up to 0.96% from surface rock
sampling. Induced polarization (IP) anomalies defined by a 2024 IP survey remain open at depth, indicating
potential for a more robust mineralized core.
The Gnome Target is characterized by a large multi- element soil geochemical anomaly measuring
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
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approximately 1,800 m x 1,500 m , associated with widespread phyllic and propylitic alteration , and
including polymetallic quartz-carbonate veining. Results from the 2025 ZTEM survey have delineated a
prominent resistive body at depth, interpreted as a silicified porphyry core. Historical drilling intersected
mineralized monzonitic dikes, potentially the causative intrusions for copper -gold mineralization. Drill
hole 72455 intersected 0.10% Cu over the last 68 metres, suggesting that previous drilling may have tested
only the outer margins of a larger system. Surface sampling has also returned elevated Cu, gold (Au), and
silver (Ag) values, further supporting potential for a buried porphyry system.
At the Semlin Target, exploration has defined a 1,700 m x 900 m multi-element geochemical soil anomaly
coincident with intrusive rocks and sulphide mineralization. Geological mapping has confirmed the
presence of a monzonitic to dioritic dike in contact with Nicola Group volcanics, which host disseminated
pyrite. Rock sampling has returned strongly elevated values, including 0.2 0% Cu and elevated
molybdenum, and geophysical data indicates proximity to a large resistive intrusive complex. The target
remains largely underexplored due to overburden cover.
In the southern portion of the property, including the Mowich Target, high-grade copper values of up to
37.45% Cu, 286 g/t Au, 200 g/t Ag were returned from rock float samples. While these values are from
transported material, they highlight the potential for nearby bedrock mineralization. Airborne magnetic
data has identified multiple large magnetic features that are interpreted as intrusive complexes that are
spatially associated with northwest -trending structural corridors which are interpreted to contro l
mineralization across the region.
Additional early -stage targets, including the X Zone , exhibit coincident geophysical anomalies and
favourable geological settings, further supporting the district-scale potential of the project.
Since 2021, Golden Sky has systematically advanced its now, more than 90,000-hectare district-scale
Rayfield-Gjoll copper -gold position in the Quesnel Trough through multiple phases of geochemical,
geophysical, and airborne surveys, while expanding its portfolio into Yukon's White Gold d istrict and
Ontario's Timmins camp. The Company has also secured a C$20 million earn-in partnership with Boliden,
on the Rayfield-Gjoll Project. Readers can find the original news release announcing the agreement here.
The filing of this Technical Report represents a key technical milestone and provides a clear framework
for prioritizing targets ahead of planned partner- funded drilling in 2026. Golden Sky’s strategy remains
focused on advancing high-potential assets through strategic partnerships to reduce capital requirements
while retaining exposure to exploration success . Golden Sky continues to advance its broader portfolio,
subject to results, market conditions, and the availability of financing.
John Newell, President and CEO of Golden Sky Minerals, states: “Filing this Technical Report is an
important milestone for Golden Sky and reflects our commitment to advancing the Rayfield- Gjoll Project
in partnership with Boliden. It provides a transparent technical framework for the Rayfield- Gjoll Project
that investors and our partner can reference as we advance exploration in 2026. Rayfield is not a single -
target story; with five well -defined copper-gold zones, modern geophysical targets that remain open at
depth, and a disciplined staged work plan, we are well positioned to systematically advance the highest -
priority targets alongside Boliden in 2026. This report provides the technical roadmap for what we expect
to be an active and productive exploration season, including partner-funded drilling under our agreement
with Boliden.”
The Technical Report, titled “NI 43 -101 Technical Report on the Rayfield Copper- Gold Project, British
Columbia”, with an effective date of March 19, 2026, was prepared by Andy Randell, P.Geo. (non -
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independent). The report is available under the Company’s profile on SEDAR+ and on the Company’s
website at www.goldenskyminerals.com.
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 jurisdic tions. The Company's strategy emphasizes
securing major partners on select high -potential assets to fund exploration and minimize shareholder
dilution, while advancing its broader portfolio in parallel.
Its portfolio includes the flagship Rayfield-Gjoll Copper-Gold Project in British Columbia (subject to a C$20
million earn-in with Boliden, the Hotspot and Lucky Strike gold projects in Yukon's White Gold District,
and the Auden Gold Project 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 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, Chief Executive Officer and Director
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”, “intends”, “expects”, “understanding”, “has agreed
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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 an d 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 unantici pated 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 pr ojects; 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 rele ase 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.