- Golden Sky Minerals Corp. (AUEN) has acquired the Rayfield Copper-Gold Property in southern British Columbia through staking and property purchases
- Golden Sky believes that, with modern exploration methods, there is significant potential to build on historical mineralization discoveries
- The company plans to launch a drilling program at the property later this year
- Golden Sky Minerals is a Canadian exploration company
- Golden Sky Minerals Corp. (AUEN) opened trading at $0.36 per share
Golden Sky Minerals Corp. (AUEN) has acquired the Rayfield Copper-Gold Property in southern BC through staking and property purchases.
The company plans to take advantage of rising copper prices with this purchase of the property in the Quesnel Trough, B.C.’s primary copper-producing belt.
Golden Sky now owns 100 per cent of the 11,000-hectare Rayfield Property, following the final acquisition of the 505-hectare Rayfield 001 and 80-hectare Owen properties.
John Newell, president and CEO of Golden Sky Minerals, commented,
“The Rayfield Copper Gold Property is a quality project with immediate exploration upside and the potential to delineate a major copper-gold porphyry system. We are truly excited about this copper-gold asset and pleased to have secured it through staking and a property purchase agreement with private individuals.
“With the price of copper reaching new all-time highs, we are hopeful this copper-gold property will complement and add value to the company, along with our three other gold projects in the Yukon,” he added.
Past exploration on the property has revealed extensive copper-gold mineralization based on drilling magnetic and radiometric surveys, and soil sampling. Golden Sky believes that, with modern exploration methods, there is significant potential to discover additional mineralized zones at depth.
“We look forward to unlocking this excellent potential, with a view to potentially make an important discovery,” remarked Mr. Newell.
The company plans to launch a drilling program at the property later this year.
Golden Sky Minerals Corp. is a Canadian exploration company that evaluates, acquires, and develops gold and copper properties in Canada.
Golden Sky Minerals Corp. (AUEN) opened trading at $0.36 per share.