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Golden Sky Minerals Corp. Drills 1.03 g/t Au over 80.77 Meters in Discovery Drill Hole at Bullseye Property, Yukon Territory
VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (the “Company” or “Golden Sky”) is pleased to announce result
About this update from Golden Sky Minerals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) -- 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. 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 Northin...