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Golden Sky Minerals Receives Permit to Drill the Rayfield Copper-Gold Property, South-Central British Columbia
VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or the “Company”) is pleased to announce that it
About this update from Golden Sky Minerals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or the “Company”) is pleased to announce that it has received a permit to drill at the Rayfield Target zone on the 100%-owned Rayfield Copper-Gold Property (the “Rayfield Property”) in south-central British Columbia, Canada (Figures 1 & 2). Phase 1 of the program is anticipated to begin in early 2024 with an Induced Polarization (IP) geophysical survey to test the 3 km x 1.5 km multi-element geochemical anomaly (Figure 3) outlined from the 2021 and 2022 exploration programs. Phase 2 will consist of up to 3000 metres of diamond drilling to test geochemical and geophysical anomalies outlined by the IP survey. The 35,000-hectare Rayfield Property is located in the Quesnel Trough, British Columbia’s primary copper-producing belt, which hosts Teck Resources’ Highland Valley Mine, Imperial Metals’ Mount Polley Mine, Centerra Gold’s Mount Milligan Mine, and Kodiak Copper’s MPD Project (see Figure 1). The road-accessible Rayfield Property is located approximately 20 kilometers east of the town of 70 Mile House, British Columbia, and is accessible year-round by well-maintained service and logging roads extending from BC Highway 97. John Newell, President and CEO of Golden Sky, states: “The management, directors, and geological team at Golden Sky are excited to advance the Rayfield Property, with the recent news that the Company has received a multi-year drill permit. Over the past 2 years the geological team has completed a lot of detailed “boots on the ground” fieldwork to better understand the Rayfield target zone, and is eager to embark on the next stage of exploration. Golden Sky can now conduct a full range of exploration activities, including IP geophysical surveys and diamond drilling programs for the 2024 field season on this largely underexplored area in south central British Columbia.” Rayfield Property Highlights The Rayfield Property contains the late Triassic alkalic Rayfield River Pluton, speculated to be part of the highly prospective Upper Triassic Copper Mountain Magmatic Belt, which includes the Copper Mountain, New Afton and Mount Polley copper deposits (Figure 2). Recent fieldwork by Golden Sky has outlined a 3.0 km x 1.5 km copper-in-soil geochemical anomaly that remains open to the northwest and to th...