Golden Sky Minerals Corp. (TSXV: AUEN) has released results from its 2026 induced polarization survey at the Gnome target on its 100%-owned Rayfield-Gjoll Project in southern British Columbia, identifying what the company describes as a compelling porphyry-style exploration target. The approximately 23 line-kilometre survey, integrated with historical drillhole data and three-dimensional resistivity and chargeability modelling, indicates that the interpreted system core remains largely untested by historical drilling. The disclosure is relevant to investors tracking junior copper-gold explorers with active partner-funded programs in British Columbia.

Key Points

  • Golden Sky Minerals Corp. (TSXV: AUEN) released geological interpretation results from its 2026 IP survey at Gnome, Rayfield-Gjoll Project, British Columbia.
  • A approximately 23 line-kilometre IP survey has delineated coincident but variably oriented resistivity and chargeability anomalies interpreted as a porphyry-style system.
  • Historical drillhole DH72455 averaged approximately 0.10% copper over the final 68 metres of a 392-metre hole, within the chargeability anomaly margins.
  • Investors may watch for drill target prioritisation decisions as Golden Sky and partner Boliden AB advance planning for the Rayfield-Gjoll program.

What the 2026 IP Survey Revealed at the Gnome Target

The 3D-inverted IP data highlight a north-northwest to south-southeast-trending resistivity anomaly that partially overlaps a larger northwest-southeast-trending chargeability anomaly. The contrasting orientations suggest the resistive feature may represent a coherent intrusive or hydrothermal core, while the chargeability response may reflect sulfide mineralisation along structural corridors. The company states that historical drillholes QN95-1, terminated at 174 metres, and QN95-2 tested only the upper margins of these anomalies, leaving the interpreted core area inadequately evaluated by prior exploration.

Historical Drilling Results That Frame the Porphyry Interpretation

Drillhole DH72455 provides key geological context, encountering quartz-calcite veins, chlorite-sericite-clay selvages, variable pyrite, and trace chalcopyrite. The final 68 metres of the 392-metre hole averaged approximately 0.10% copper, with quartz stockwork veining locally reaching up to 33 veinlets per metre. Narrow aplite dikes were also observed in close spatial association with copper mineralisation. The company notes a geological comparison with the New Afton deposit located 60 kilometres to the southeast, while explicitly stating this comparison does not, in itself, directly establish a deposit analogy.

Resistive Core Identified as Priority Drill Target at Rayfield-Gjoll

Golden Sky states that increasing copper grades in historical drilling are spatially associated with the margins of the resistivity anomaly and with intersections within the chargeability anomaly. The company considers this relationship an important factor in refining drill targets. The interpreted system core remains largely untested, and additional drilling will be required to determine the sources of geophysical responses and to evaluate whether the resistive core represents a more strongly mineralised porphyry-style system. The release states that CEO John Newell described the survey as providing a much clearer picture for guiding Golden Sky's inaugural drill program at Rayfield-Gjoll with partner Boliden AB.

Boliden Joint Venture Provides Exploration Funding Framework

The Rayfield-Gjoll Project is subject to a C$20 million earn-in and joint venture agreement with Boliden AB, which the company indicates is intended to fund exploration and minimise shareholder dilution. The technical information in the release was reviewed and approved by Carl Schulze, P. Geo., of Aurora Geosciences Ltd., acting as a qualified person under National Instrument 43-101. The immediate share price impact was not clear from available public information.