Boliden Invests C$20M in Golden Sky's Promising BC Copper-Gold Project

Golden Sky and Boliden sign $20M earn-in agreement

Boliden can earn up to an 80 per cent interest in the Rayfield property by funding up to C$20 million in staged exploration and cash payments over six years. Upon full earn‑in, a joint venture will be formed combining Golden Sky’s Rayfield and Boliden’s Gjoll properties, with Golden Sky retaining 20 per cent. Rayfield‑Gjoll spans 87,660 hectares within the prolific Quesnel Trough near Kamloops, B.C., supported by strong infrastructure and proxim…

Boliden Invests C$20M in Golden Sky's Promising BC Copper-Gold Project

Boliden Mineral Canada, a subsidiary of Sweden’s Boliden AB (STO:BOL,OTC Pink:BDNNY), has entered into a definitive agreement with Golden Sky Minerals (TSXV:AUEN,OTC Pink:LCKYF) to spend up to C$20 million on exploration of the Rayfield copper-gold property in British Columbia.The agreement grants Boliden the right to earn up to an 80 percent interest in Golden Sky’s wholly owned Rayfield project by funding staged expenditures and cash payments …