Golden Sky Minerals Corp. (TSX-V:AUEN) is pleased to announce results from the inaugural 2021 reverse circulation drill program at its 100% owned Bullseye 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.
Table 1: Assay results from the 2021 Bullseye RC drill program
|Hole ID||From (m)||To (m)||Length (m)||Au (g/t)|
Table 2: Drill collar information
|Hole ID||Easting||Northing||Azimuth||Dip||Depth (m)|
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 is available at
Other Property Highlights:
Figure 2 is available at
Figure 3 is available at
Figure 4 is available at
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 tier-one mining districts. Golden Sky’s mandate is to develop its portfolio of projects to the mineral resource stage through systematic exploration.
The drill-ready projects include Hotspot, Bullseye, and Luckystrike, 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.
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We acknowledge the [financial] support of the Government of Canada.