- Boliden can earn up to an 80 per cent interest in the Rayfield property by funding up to C$20 million in staged exploration and cash payments over six years.
- Upon full earn‑in, a joint venture will be formed combining Golden Sky’s Rayfield and Boliden’s Gjoll properties, with Golden Sky retaining 20 per cent.
- Rayfield‑Gjoll spans 87,660 hectares within the prolific Quesnel Trough near Kamloops, B.C., supported by strong infrastructure and proximity to major copper mines.
Golden Sky Minerals Corp. (TSXV:AUEN) and Boliden Mineral Canada Ltd. have entered into a definitive agreement granting Boliden the right to earn up to an 80 per cent interest in Golden Sky’s Rayfield property by investing C$20 million in exploration and payments over six years.
After earn-in, the contiguous Rayfield and Gjoll properties will enter a joint venture with Golden Sky holding 20 per cent and both parties funding pro rata thereafter.
This content has been prepared as part of a partnership with Golden Sky Minerals Corp. and Boliden Mineral Canada Ltd. and is intended for informational purposes only.
Project scale and location
The combined Rayfield‑Gjoll property covers some 87,660 hectares located under 60 kilometres northwest of Kamloops, British Columbia, in the Quesnel Trough — a prolific porphyry copper belt hosting major mines such as Highland Valley, Gibraltar, New Afton, Copper Mountain and Mount Polley.
This region offers robust infrastructure, all-season access and significant under-explored opportunity.
Golden Sky perspective
John Newell, President and Chief Executive Officer of Golden Sky Minerals, described the arrangement as “transformational for Golden Sky.” He added, “Boliden’s decision to collaborate with us on Rayfield‑Gjoll validates the district-scale copper‑gold potential of this project. It allows us to preserve our tight share structure while aggressively advancing exploration in one of Canada’s most prolific mineral belts.”
Prior work includes identification of large-scale geophysical anomalies and intercepts showing copper-gold mineralization (e.g., a chargeability-resistivity anomaly ~600 m by 1,100 m at Rayfield, multiple drill intersections with elevated copper grades), and promising soil anomalies at the Gnome, Semlin and Mowich targets, indicating prospective porphyry systems.
The agreement marks a strategic milestone for Golden Sky. Boliden’s commitment brings robust funding, technical endorsement and operational leverage. As exploration ramps up within the Quesnel Trough, the joint venture structure positions both parties to tap into a highly mineralized area while preserving Golden Sky’s equity buffer.
Shares of Golden Sky Minerals (TSXV:AUEN) are down by 5.88 per cent trading at C$0.48 as of 3:10 pm.
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