18:48:55 EDT Thu 28 Mar 2024
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Golden Sky Minerals Corp
Symbol AUEN
Shares Issued 19,674,613
Close 2023-01-10 C$ 0.33
Market Cap C$ 6,492,622
Recent Sedar Documents

Golden Sky finds anomaly of up to 552 ppb Au at Hotspot

2023-01-10 11:59 ET - News Release

Mr. John Newell reports

GOLDEN SKY DEFINES A 600 M X 475 M GOLD-IN-SOIL ANOMALY WITH VALUES UP TO 552 PPB AU AT THE SURE BET NORTH ZONE, HOTSPOT PROPERTY, YUKON TERRITORY

Golden Sky Minerals Corp. has defined a 600-metre-by-475-metre zone of elevated gold-in-soil values, up to 552 parts per billion (ppb) gold (Au), at the Sure Bet North zone, located within its 100-per-cent-owned Hotspot property in Yukon. This zone is overlain and flanked by a multielement bismuth (Bi), antimony (Sb), arsenic (As), plus or minus selenium (Se), and plus or minus molybdenum (Mo) geochemical anomaly, which further extends the mineralized system to approximately 1,000 metres (m) by 600 m. This geochemical soil anomaly trends northeast and appears to transition from a mid-level low-sulphidation system (Au, As and Sb), exposed in the creek valley, to an upper-level low-sulphidation gold system upslope (As and Sb). Erosion may have exposed the extent of the geochemical signature of this low-sulphidation system which may host gold-bearing mineralization below the upper-slope zone marked by anomalous As and Sb values.

The West Valley zone was also further defined by soil sampling in 2022. Permafrost, which is more developed in this zone, can mask element distribution representing the underlying bedrock geochemical signature. Despite sampling difficulties, an approximately 600-metre-by-300-metre arsenic-in-soil anomaly was defined, with sporadic elevated gold and antimony values. With similar geological, geophysical and geochemical characteristics to the Sure Bet zone, the West Valley zone is considered highly prospective for further exploration.

John Newell, president and chief executive officer of Golden Sky Minerals, stated: "We are extremely pleased with the success of the 2022 exploration program. The multielement soil geochemistry has been critical in defining the size and scalability of this project and has provided more context for geological interpretation, which will be crucial in future drill planning. The property now has three main target zones with excellent potential for additional discoveries in a region (Tintina gold belt) known for world-class deposits."

About Golden Sky Minerals Corp.

Golden Sky Minerals is a well-financed junior grassroots explorer engaged in the acquisition, assessment, exploration and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of projects to the mineral resource stage through systematic exploration.

We seek Safe Harbor.

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