SUMMARY

  • Large land package with 2300 ha comprised of 112 mineral claims (20 square km)
  • 100% owned by Golden Sky Resources with no underlying royalties or payments
  • Close proximity to Snag Airstrip (22 km)
    • Provides a cost effective solution to support major exploration programs
  • The Bull’s Eye property is contiguous to K2 Gold
    Corp’s Wels Gold Project
  • The Wels property covers a 2011 gold discovery
    in a previously unrecognized mineral district 60
    km south of Newmont Goldcorp’s 5 million oz
    gold Coffee deposit
  • Highlights from K2 Gold Corp’s Wells Gold
    Project:

    • Surface Grab samples up to 29 oz/t Au
      (1003 g/
    • 2015 Drill Intercepts
      • 0.76 g/t Au over 97.5m including
      • 3.11 g/t Au over 19.5m and
      • 5.71 g/t Au over 9m
    • 2017 Drill Intercepts
      • 2.37 g/t Au over 28.5m
      • 5.08 g/t Au over 2.50m
      • 0.28 g/t Au over 144m

GEOLOGY

With favorable structures and host lithology that is similar to K2 Gold Corp’s discoveries, there is excellent potential for a significant gold discovery on the Bullseye property

  • Large NW and NE trending faults are closely associated with mineralization
  • Small, mid Cretaceous granitoids are in proximity to NW and NE trending fault
    systems and could be associated with the mineralization
  • Discovery trench cross cutting a NE trending shear assayed ~0.69 g/t Au over 78m including 1.03 g/t Au over 44m
Soil sampling has outlined several target areas that may lead to additional discoveries in this newly emerging gold district

  • The Gold Crest zone exhibits a similar soil geochemical signature to known gold mineralization in the area
  • Strong Au, As, and Sb values in soil
  • Remains open with limited sampling to date
  • Drill ready

BULLSEYE OVERVIEW

  • Original New Discovery
  • Strongly prospective geologic terrane with strong potential to a host Low High Sulphidation Gold and buried porphyry deposits
  • Geophysical signatures similar to local significant prospects within the region
  • Property Geology and Geochemistry consistent with Low High Sulphidation Models
  • 2020 Phase 1 soil sampling and trenching complete with a discovery trench that assayed ~0.69 g/t Au over 78m including 1.03 g/t Au over 44m

EXPLORATION FOR 2021

  • Phase 2: Planned program of Reverse Circulation and Diamond Drilling
    • A 2,000 3,000m RC and diamond drilling program to test shallow and deep low sulphidation gold  mineralization, as well as for potentiala buried porphyry systems.

Staked by GSR in 2017. Soil sampling on the Bull’s Eye property in 2017 returned values up to 215 ppb gold in soils from 121 samples collected from the Gold Crest zone, a 250 by 200 m high-grade gold-in-soil anomaly that remains open. Of the samples collected from this grid, twenty-eight samples contained gold ranging from 31.9 ppb gold to 215 ppb gold. Rock grab samples from the Gold Crest zone contained up to 253 ppb gold. Recommended follow-up exploration includes expanding the soil grid to define the full extent of the gold anomaly, mechanized trenching and ground geophysics, all in preparation for drilling.