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Golden Sky Minerals (OTC: LCKYF) received a second British Columbia drill permit for the Rayfield-Gjoll copper-gold property and will expand drilling to the Gnome and Semlin targets in early 2026.
Planned work: Phase 1 IP geophysical survey to refine targets, followed by Phase 2 up to 3,000 metres of diamond drilling. The contiguous property covers 87,660 hectares in the Quesnel Trough, within 60 km of Kamloops and near multiple large Cu-Au operations. Company highlights include prior soil anomalies, historical surface assays up to 0.22% Cu and 1.02 g/t Au, and an earn-in collaboration with Boliden.
Golden Sky Minerals (OTC: LCKYF / TSXV: AUEN) announced TSX Venture Exchange approval of its Option and Joint Venture Agreement with Boliden Minerals Canada Ltd. Under the Agreement, Boliden can earn up to 80% of the Rayfield copper-gold property by paying CDN $1,000,000 in cash over five years and funding up to CDN $19,000,000 in exploration over six years.
After the earn-in a joint venture will form and Rayfield will be combined with Boliden's Gjoll property. If any party is diluted below 10%, its remaining interest converts to a 1.0% NSR on the combined Rayfield-Gjoll property, subject to a CDN $15,000,000 aggregate royalty cap. No NSR is currently outstanding.
Golden Sky Minerals (OTC: LCKYF) announced shareholder approval of an Option and Joint Venture Agreement with Boliden Mineral Canada, ratified by >95% of disinterested votes on November 12, 2025. Under the agreement Boliden may earn an 80% interest in the Rayfield copper-gold porphyry by funding C$20 million in staged exploration expenditures, after which a joint venture will form.
The deal folds Boliden's adjacent Gjoll property into a combined district of ~90,000 hectares, preserves Golden Sky's tight share structure with a free-carried 20% interest through discovery, and anticipates a 2026 exploration program including drilling. Transaction subject to TSX Venture final acceptance.
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