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Golden Sky and Boliden Sign $20 Million Earn-In Agreement for the Combined Rayfield-Gjoll Copper-Gold Property, South-Central British Columbia
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Golden Sky Minerals Corp. (TSXV: AUEN) ("Golden Sky" or "The Company") is pleased to announce a Definitive Agreement dated August 29, 2025 with Boliden Mineral Canada Ltd., a wholly owned subsidiary of Boliden AB ("Boliden"). Pursuant to the Definitive Agreement, Boliden and Golden Sky will collaborate in the development of Golden Sky's wholly-owned copper-gold porphyry Rayfield Property and Boliden's wholly-owned Gjoll...
About this update from Boliden Ab
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Golden Sky Minerals Corp. (TSXV: AUEN) ("Golden Sky" or "The Company") is pleased to announce a Definitive Agreement dated August 29, 2025 with Boliden Mineral Canada Ltd., a wholly owned subsidiary of Boliden AB ("Boliden"). Pursuant to the Definitive Agreement, Boliden and Golden Sky will collaborate in the development of Golden Sky's wholly-owned copper-gold porphyry Rayfield Property and Boliden's wholly-owned Gjoll Property.","length":539,"tagName":"p"},{"type":"text","content":"Initially, Boliden will be granted the right to earn an eighty percent (80%) interest (the "Earn-In Option") in the Rayfield Property by funding up to C$20 million in staged exploration expenditures and cash payments over a six-year period. Following exercise of the Earn-In Option, the Rayfield Property will be contributed to a joint venture, along with Boliden's Gjoll Property, under which Golden Sky will control an initial twenty percent (20%) interest. The contiguous Rayfield and Gjoll properties (see Figures 1 and 2), located less than 60 km northwest of Kamloops, British Columbia, encompass 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's 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, support efficient exploration and development activities.","length":1297,"tagName":"p"},{"type":"text","content":"John Newell, President and CEO of Golden Sky Minerals, states: "This partnership is transformational for Golden Sky. Boliden's decision to collaborate with us on Rayfield-Gjoll validates the district-scale copper-gold potential of this project. It allows us to preserve our tight share structure while aggressively advancing exploration in one of Canada's most prolific mineral belts."","length":403,"ta...