Investor presentation
- 9.54 million shares outstanding
- $4.63M market cap based on its recent $0.485 close
Golden Sky’s property positions along the prolific White Gold District in Canada’s Yukon keeps this one on my radar.
The Company’s super-tight, post-consolidation share structure is another reason I keep an eye on it.
The Luckystrike property currently bears flagship status.
Lucky Strike is located 25 kilometers north of Newmont-Goldcorp’s (NGT.T) Coffee Gold deposit (Probable Reserve of 2.16 M oz Au) and 15 kilometers east of White Gold’s (WGO.V) Golden Saddle deposit (Indicated resource of 1.04 M oz Au).
The Monte Carlo Zone (MCZ) is an area of interest.
Trenching at MCZ uncovered: 0.76 g/t Au over 78 meters (including 2.73 g/t Au over 12 meters).
Drill hole highlights include:
- 5.36 g/t Au over 22 meters incl. 18.79 g/t Au over 5.72 meters, near surface (13 – 35 meters);
- 4.55 g/t Au over 7.6 meters, at depth (176.9 – 184.5 meters).
The MCZ zone is open in multiple directions with only a portion of the 1500 x 450 meter gold-in-soil anomaly having received a proper probe with the drill bit.
A 1.8 kilometer long IP target remains largely under-explored.
The company is also exploring its Hotspot Project located along the Yukon-Alaska border.
Positioned along the Big Creek Fault, Hotspot hosts a 1.7-kilometer-long mineralized structure with gold-in-soil values of up to 4.1 g/t Au. This structure is associated with a pathfinder signature indicative of a low-sulphidation epithermal system.
A 2018 trenching campaign at Hotspot returned 0.42 g/t Au over 44 meters (see September 10, 2018 news release).
The Bull’s Eye property, located 50 kilometers south of the Coffee Gold deposit, is where a 2017 surface program identified an open-ended 200 x 250-meter geochemical anomaly with gold-in-soil values of up to 0.22 g/t Au. Rock grab samples assayed up to 0.25 g/t Au.
Bull’s Eye sits adjacent to K2 Gold’s (KTO.V) Wels Gold project where K2 tagged 2.37 g/t Au over 28.5 meters and 0.76 g/t Au over 97.5 meters.
Earlier this summer, the company mobilized a field crew to Bull’s Eye.
On July 20th, the company put boots on the ground at Hotspot.
This Phase 1 program will involve soil sampling to expand the Sure Bet zone, and preparation for a Phase 2 inaugural drill program to be conducted in September, 2020. The Hotspot property is located 25km southeast of the Taurus copper-molybdenum-gold (Cu-Mo-Au) porphyry deposit (located in Alaska) which has an inferred resource of 68.3 million tonnes grading 0.275% Cu, 0.032% Mo, and 0.166 g/t Au.
Situated along the Big Creek Fault, the Hotspot property hosts a 1.7-kilometer-long mineralized structure with gold-in-soil values up to 4.1 g/t Au and a pathfinder signature indicative of a low-sulphidation epithermal system. A short trenching program in 2018 returned values of 0.42 g/t Au over 44 meters.
On August 31st, the Company dropped the following headline:
Golden Sky Intersects 78 Meters Of Gold Mineralization With Discovery Trench On Its Bull’s Eye Property And Prepares To Drill Hotspot, White Gold District, Yukon Territory
The discovery trench at the Gold Crest zone tagged the following values…
John Newell, Golden Sky CEO:
“The trenching results from Bull’s Eye are very encouraging. The fact that mineralization is open-ended gives even more ‘blue sky’ to the potential width of this zone. On top of this, the soil sampling has demonstrated 500m of open-ended strike length at the Gold Crest zone as well as plenty of new targets for follow-up along the regional geological contact.
CEO Newll again:
Soil sampling and trenching have been prime tools in locating mineralized areas in the White Gold district, and results from the trench at the Gold Crest zone are similar to the initial discovery trenches at both Coffee Creek and the Golden Saddle that led to the drilling of those deposits. Building upon this, I believe we have a drill-ready target at the Gold Crest zone with enormous potential to expand further along strike.”