Junior Explorer Discovers High-Grade Copper-Gold Targets in British Columbia

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Sky Minerals Corp.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Golden Sky Minerals Corp. (AUEN:TSX.V; LCKYF:OTC) has filed an NI 43-101 for the Rayfield Copper-Gold Project, which is co-funded by Boliden AB (BLIDF: OTCPK; BOLD:ST) . The news broke on March 30, 2026, in a release by John Newell, President, CEO, and Director of Golden Sky.

The company has compiled its 2025 ZTEM, aeromagnetic surveys, and historical exploration data to identify multiple porphyry copper-gold and epithermal targets on the project property. Five distinct copper-gold zones are listed in the technical report, and the project as a whole is comprised of a large land parcel in the Quesnel terrane. Multiple target zones have been identified within this property via geological, geochemical, and geophysical findings, including the Rayfield zone, the Gnome target, the Semlin target, the Mowich target, and the early-stage X zone.

Golden Sky secured CA$20 million through its partnership with Boliden on the Rayfield-Gjoll project.

Newell said in the release, "Filing this technical report is an important milestone for Golden Sky and reflects our commitment to advancing the Rayfield-Gjoll project in partnership with Boliden. It provides a transparent technical framework for the Rayfield-Gjoll project that investors and our partner can reference as we advance exploration in 2026. Rayfield is not a single-target story; with five well-defined copper-gold zones, modern geophysical targets that remain open at depth, and a disciplined staged work plan, we are well positioned to systematically advance the highest-priority targets alongside Boliden in 2026. This report provides the technical road map for what we expect to be an active and productive exploration season, including partner-funded drilling under our agreement with Boliden."

Golden Sky Minerals Corp. is a Canadian junior exploration company focused on mineral properties in prospective jurisdictions. The company mines throughout Canada in British Columbia, Ontario, and the Yukon. All its assets are 100% company-owned.

In the market since 1931, Boliden AB is a Swedish metals company that works internationally but is headquartered in Stockholm. It has projects in Canada, Sweden, Finland, Norway, Portugal, and Ireland.

Gold Sector Rebounding

Gold had a tumultuous month in March after its price dropped more than it had in the past decade. Fears of inflation amid the U.S.-Iran War dropped the price, but it bounced back on March 31, 2026, after President Trump hinted that the war might end soon, causing bullion to hit above US$4,670 per troy ounce.

Whale investors and industry veterans are committed to weathering the market's ups and downs for gold. Matthew Piepenburg of Von Greyerz Gold wrote on March 31, "Amid escalating tensions in the Middle East, rising inflation, and mounting systemic fragility, gold's recent weakness has raised eyebrows.

Yet, as discussed, this is neither unprecedented nor irrational. In fact, history shows that during periods of tightening liquidity, rising yields, and forced deleveraging, even the strongest and most liquid assets, like physical gold, can be temporarily sold." He went on to say, "In short, what may appear to be a weakness today could, in reality, represent a rare and strategic entry point for those who understand physical gold's role as a long-term store of value."

Also on March 31, Stewart Thompson wrote an editorial piece on the market for 321gold.com. He wrote, "The bottom line is that a technical trifecta is in play. The Dow, gold, and GDX are all hitting support with oscillators showcasing buy signals . . . at the same time." Thompson then shared his advice: "Momentum players can be eager buyers today. I'm a US stock market buyer (in tiny size), a gold buyer, a silver buyer, and a mine stock buyer, in 'meatier' size. I invite gold bugs of the world to say good-bye to some of their fiat, and engage in some wonderful buy-side fun!"

Analyst Sees Bull Phase Emerging

On April 1, 2026, technical analyst Stewart Thompson gave the following quote to Streetwise Reports: "For Golden Sky, price targets are CA$0.50 and CA$0.70. A burst in volume should confirm the end of the consolidation and a new bull phase with a breakout from the wedge-like drift."

He continued, "The junior stocks are rallying in general. Investors interested in the company could buy small positions."

Catalysts

The company's investor presentation shows that Golden Sky holds more than CA$300,000 in cash without any debt and a market cap of around CA$2 million, which the company considers low due to its 100%-owned assets throughout Canada.

Golden Sky considers its stock highly undervalued despite its ". . . high-potential gold and copper projects in the White Gold District, Timmins Gold District, and Quesnel Trough."

Ownership & Share Structure¹

Golden Sky Minerals Corp. has a market cap of CA$7.15 million and 23.83 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.73.

Institutions own 10.9% of shares, while Management & Insiders own 5.01%. The remaining 84.8% of shares are Retail.