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Golden Sky Minerals Corp. Shareholders Approve Option and Joint Venture Agreement with Boliden
Newsfileยท 2025-11-17 19:43
Core Viewpoint - Golden Sky Minerals Corp. has successfully secured shareholder approval for a significant Option and Joint Venture Agreement with Boliden Mineral Canada Ltd., which is expected to enhance the company's growth strategy and exploration potential in British Columbia [1][2][3]. Agreement Details - The Agreement allows Boliden to earn an 80% interest in Golden Sky's Rayfield copper-gold property by funding C$20 million in exploration expenditures over staged milestones [2]. - The combined land package of Rayfield and Boliden's Gjoll Property spans approximately 90,000 hectares in the Quesnel Trough, creating a district-scale exploration opportunity [2]. Strategic Implications - This partnership is a cornerstone of Golden Sky's growth strategy, reducing financial risk and minimizing equity dilution while retaining a 20% interest during the discovery phase [3]. - Boliden's funding commitment preserves Golden Sky's share structure, allowing the company to maintain 100% ownership of the Rayfield Property until Boliden exercises the option [3]. Exploration Plans - Ongoing collaboration has already initiated groundwork, including airborne geophysics and geochemical surveys, with drilling planned for high-priority targets [4]. - The partnership aims to execute an ambitious 2026 exploration program, focusing on geophysical and geochemical surveys, geological mapping, and initial drilling campaigns [4]. Company Overview - Golden Sky Minerals Corp. is a junior explorer focused on acquiring and developing mineral properties in mining-friendly districts, with a portfolio that includes the Rayfield-Gjoll Project and other gold projects in Canada [6][7].