- Golden Sky Minerals (AUEN) announced results from its Phase 2 program at the Rayfield Property
- The company said two new geochemical soil anomalies were identified at the Gnome and Semlin target zones
- The program included the collection of roughly 857 B horizon samples within these target zones
- Golden Sky said the program was also designed to test these areas for copper-gold porphyry potential
- Shares of Golden Sky Minerals are up 5.26 per cent to C$0.20 as of 11:53 a.m. EST.
Golden Sky Minerals (AUEN) announced results from its Phase 2 2022 soil geochemical sampling program.
The program, conducted at its 35,000-hectare Rayfield Property in southern British Columbia, included collecting 857 B-horizon soil samples within the project’s Gnome and Semlin targets.
The company said the program also intended to test these regions for copper-gold porphyry potential because they had been identified as highly prospective zones by Golden Sky’s geological team.
With this exciting news, we can confidently say that the Rayfield property contains at least 3 large porphyry-style drill targets (Rayfield, Gnome and Semlin zones) with excellent potential. This is the first time the Rayfield Project area has been systematically explored as a large consolidated land package, and, with the long-lived Gibraltar and Mt. Polly mines to the north and the giant Highland Valley and Afton deposits to the south, the potential for discovery is excellent,” John Newell, president and CEO of Golden Sky Minerals, said in a press release. This land package rivals those of some of the most successful market-moving mineral exploration companies in British Columbia in the past 3 years, and our geological team has effectively used the time to collect the necessary data to accurately define several high-priority drill targets.
Phase 2 2022 soil geochemical sampling highlights:
- Two new geochemical soil anomalies have been identified at the Gnome and Semlin target zones. At Gnome, a multi-element
- copper (Cu) – gold (Au) – zinc (Zn) – arsenic (As) – cobalt (Co) – nickel (Ni) – molybdenum (Mo) – lithium (Li) – rubidium (Rb) soil anomaly extends approximately 1.8 km x 1.5 km
- and remains open to the southeast. The Semlin zone is outlined by a
- Cu-Zn-As-Co-Ni-Li-Rb multi-element soil anomaly that extends approximately 1.4 km x 0.9 km
- and remains open to the north-northeast (Figures 4 and 5). Elevated Li and Rb values indicate the potential for nearby alkalic intrusions. The presence of these pathfinder elements suggests the upper portions of a mineralized porphyry system may be exposed at surface.
The company is now awaiting a drilling permit so that it can further explore the property.
Shares of Golden Sky Minerals are up 5.26 per cent on Tuesday to C$0.20 as of 11:53 a.m. EST.
