- Golden Sky Minerals (AUEN) gives an update on an airborne geophysical survey from its Eagle Mountain Project in the Cassiar Gold District
- Precision GeoSurveys Inc. was contracted to conduct a high-resolution helicopter-borne magnetic, VLF-EM and radiometric survey over a 3,900-hectare block
- Surveys were used to assist geological interpretation of the project for efficient follow-up ground-based exploration planned for the summer of 2022
- Golden Sky believes there is strong potential for the discovery of new gold targets on the Project
- Golden Sky Minerals Corp. (AUEN) is in the grey, trading at C$0.24 ar 10:41 am ET
Golden Sky Minerals (AUEN) has new results from an airborne geophysical survey over its Eagle Mountain Project.
The project is located in the Cassiar Gold District of British Columbia.
Precision GeoSurveys Inc. was contracted to conduct a high-resolution helicopter-borne magnetic, VLF-EM and radiometric survey over a 3,900-hectare block within the 10,000-hectare Eagle Mountain project.
These surveys were used to assist the early geological interpretation of the project for efficient follow-up ground-based exploration planned for the summer of 2022.
The geophysical data proved effective at corroborating and extending many of the stratigraphic contacts and geological structures delineated by historic geological mapping in the 1980s.
This further supports the interpretation that the project overlies a structurally complex corridor with several potential gold targets.
The Eagle Mountain project is located in a prolific past-producing gold district in close proximity to the village of Dease Lake, British Columbia (117 road kilometres) and to the paved BC Highway 37.
This district includes Cassiar Gold Corp’s neighbouring Cassiar Project covering the Taurus Deposit, with an inferred resource of about 37.9 M tonnes grading 1.14 g/t gold (Au) for 1.4 Moz gold.
With a similar geological setting to the Cassiar Project and other orogenic gold camps, such as the Cariboo and Bralorne camps, Golden Sky believes there is strong potential for the discovery of new gold targets on the Project.
John Newell, President and CEO of Golden Sky Minerals Corp., states, “The management of Golden Sky Minerals believes we continue to be in a long-term uptrend in both precious metals and base metals.”
“Given the tremendous recent exploration success of both Cassiar Gold at their Taurus deposit, and Coeur Mining at their Silvertip Mine, it is clear that we are looking at a region that can host significant mineral deposits[…],” added Newell.
Golden Sky will be conducting a two-phase exploration program following up on targets identified in the 2021 geophysical data, combined with historical work from the 1980s.
Phase One will include prospecting, geological mapping, and rock and soil geochemical sampling.
Phase Two will include ground-based geophysical surveys (magnetics and/or induced polarization (IP) surveys) to further define any geochemical or structural zones identified in Phase One.
“We are very excited to get boots on the ground for the first time at the Eagle Mountain Project,” stated Cameron Dorsey, VP of Exploration of Golden Sky.
“With similar geological, geochemical, and geophysical characteristics that are commonly associated with other orogenic gold systems in British Columbia, there is high potential for us to discover additional gold targets,” added Dorsey.
Golden Sky Minerals Corp. is a well-funded 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 properties to the mineral resource stage through systematic exploration.
The drill-ready projects include: Hotspot, Bullseye, and Lucky Strike, all in Yukon, Canada.
In addition, the recent purchases of the Rayfield Copper-Gold Project in southern British Columbia, and the staking of the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, add to the company’s substantial early-stage Canadian project pipeline.
Golden Sky Minerals Corp. (AUEN) is in the grey, trading at C$0.24 ar 10:41 am ET.
