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Goldsky Resources Corp.

TSXV:GSKRLive AI agent

Goldsky Resources is a premier gold developer in the Nordics, owning 100% of the Barsele gold project and holding a significant land position of over 123,000 hectares across Sweden and Finland.

Investor website: https://goldskyresources.com/

About

Goldsky Resources is a premier gold developer in the Nordics, owning 100% of the Barsele gold project and holding a significant land position of over 123,000 hectares across Sweden and Finland. The company focuses on gold development and exploration, with a strong asset platform that includes the Rajapalot gold-cobalt project and additional district-scale positions. Goldsky Resources emphasizes an ESG-first development framework and aims to create the Nordic's next gold camp while maintaining a well-capitalized balance sheet.

Verified company data

Shares outstanding
267,350,882
Fully diluted shares
284,657,124
Mineral resource
NI 43-101 Resource Estimate Technical Reports QA/QC Procedures Summary - The Barsele gold project is 100% owned by Goldsky Resources. - Located in the mining district of Västerbottens Län in northern Sweden, about 600 km north of Stockholm, covering roughly 25,000 hectares within the Fennoscandian Shield.​ - Positioned at the western end of the east-west trending Paleoproterozoic-aged Skellefteå belt (a region hosting both polymetallic VMS and orogenic gold deposits including the Boliden Au-Cu deposit, the Kristineberg, Renström, and Storliden VMS deposits, and the Björkdal and Svartliden Au deposits),​where it intersects the north-south trending geological-terrains containing the Gold Line Belt projects (100% owned by Goldsky Resources). - Large, structurally controlled gold system that remains open in all directions, with mineralized envelopes hosted predominantly in granodiorite-rocks with minor occurrences encountered within volcanic and sedimentary rocks.​ - Multiple parallel to subparallel, subvertically oriented mineralise envelopes between 10–100 metres wide, combining into a larger mineralised corridor of up to 425 metres thick, with the Avan–Central–Skiråsen zones extending over ~3.6 km. Additional gold mineralised occurrences are found even further eastwards along the same structural trend for a further ~800 meters, making a total potential mineralised trend of 3.6km. - Between 2015 and 2024, approximately166,000 meters of drilling in 453 holes has been completed, focusing on expanding and upgrading the Avan–Central–Skiråsen orogenic gold system and testing additional VMS-style targets, including the historic Norra VMS deposit on the property. - Indicated Resource: 5.58 Mt grading 1.81 g/t Au containing 324,000 oz Au (146,000 oz attributable); Inferred Resource: 25.50 Mt grading 2.54 g/t Au containing 2.09 Moz Au (0.94 Moz attributable). NI 43-101 Resource Estimate ## NI 43-101 Technical Report and Mineral Resource Estimate for the Barsele Property – effective date February 21, 2019. ### The Independent and Qualified Persons for the Mineral Resource Estimate as defined by NI 43-101 are Harold Brisson, P.Eng. and Carl Pelletier, P.Geo., both from InnovExplo Inc. of Val d’Or Quebec. ### Both Brisson and Pelletier are independent of both Barsele and joint venture partner Agnico Eagle, based on the requirements outlined in National Instrument 43-101 and NI 43-101F1. Agnico Eagle is not responsible for the Report. ### 2019 Mineral Resource Estimate | | **Indicated** | **Inferred** | | --- | --- | --- | | **Scenario** | **CUT-OFF**<br>**(g/t)** | **Tonnage (t\*1000)** | **Gold (g/t)** | **Gold Ounces** | **Tonnage (t\*1000)** | **Gold (g/t)** | **Gold Ounces** | | --- | --- | --- | --- | --- | --- | --- | --- | | **Pit Constrained** | 0.50 | 3,452 | 1.32 | 147,000 | 1,819 | 1.59 | 93,000 | | **Bulk Underground** | 1.50 | 1,442 | 2.53 | 117,000 | 8,759 | 2.58 | 728,000 | | **Selective Underground** | 1.80 | 684 | 2.75 | 60,000 | 14,917 | 2.64 | 1,265,000 | | **Total** | | **5,578** | **1.81** | **324,000** | **25,495** | **2.54** | **2,086,000** | ### Mineral Resource Estimate Footnotes: 01. The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43-101, are Harold Brisson, P.Eng. and Carl Pelletier, P.Geo., both from InnovExplo Inc., and the effective date of the Mineral Resource Estimate is February 21, 2019. 02. These mineral resources are not mineral reserves, as they do not have demonstrated economic viability. 03. The mineral resource estimate follows current CIM definitions and guidelines for mineral resources. 04. The results are presented undiluted and are considered to have reasonable prospects for eventual economic extraction. 05. The estimate encompasses 61 gold-bearing zones, each defined by individual wireframes with a minimum true thickness of 2.0 metres and using the grade of the material when assayed, or a value of zero when not assayed. The resource was estimated using Geovia GEMS 6.8. 06. High-grade capping supported by statistical analysis was carried out on assay data and established on a per domain basis for gold (g/t Au): low-grade mineralized envelope = 5.0 g/t Au, high-grade gold-bearing zones: Skiråsen = 30.0 g/t Au, Central = 30.0 to 40.0 g/t Au, Avan = 20.0 g/t Au. 07. Grade interpolation was performed by Ordinary Kriging on 2.0 metres composites from drill-hole intersections falling within the mineralized zones in a block model using a block size of 10.0 metres by 3.0 metres by 5.0 metres. 08. Density values were applied based on lithology. All mineralized zones were assigned 2.73 g/cm3. 09. The Mineral Resource Estimate is categorized as Indicated and Inferred. The Inferred mineral resource category is only defined with a minimum of 2 drill-holes, within the areas where the drill spacing is less than 100 metres and shows reasonable geological and grade continuity. The Indicated mineral resource category is only defined with a minimum of 2 drill-holes, within the areas where the drill spacing is less than 25 metres. Clipping boundaries were used for classification based on those criteria. 10. The Mineral Resource Estimate is reported for three cut-off grades depending on the nature and depth of the mineral resource: 1) a pit constrained extraction mining method at a cut-off grade of 0.50 g/t Au, 2) a bulk underground extraction mining method at a cut-off grade of 1.50 g/t Au (Bulk Zones), and 3) a selective underground extraction mining method at a cut-off grade of 1.80 g/t Au (High Grade Zones). The cut-off grades were calculated using the following parameters: mining cost = $US 35.00 to $US 45.00; processing cost = $US 15.00; G&A = $US 5.00 to $US 8.00; refining and selling costs = $US 10.00; gold price = $US 1,300.00; and metallurgical recovery = 92.6 percent. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rates, mining costs etc.). 11. The number of metric tonnes were rounded to the nearest thousand, following the recommendations in NI 43-101 and any discrepancies in the totals are due to rounding effects. The metal contents are presented in troy ounces (tonnes x grade / 31.10348). 12. InnovExplo Inc. is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, or marketing issues, or any other relevant issue not reported in the Technical Report, that could materially affect the Mineral Resource Estimate. A copy of the full report is available on [SEDAR](http://www.sedar.com/), and [here](https://goldskyresources.com/wp-content/uploads/2024/04/barsele-43-101-final-april-2019.pdf).
Projects
["The Oijärvi Project: The regional potential of the Oijärvi greenstone belt is significant, and Goldsky Resources aims to unlock the potential through systematic exploration along prospective structural trends, through geophysics, geochemistry, bedrock sampling and finally drilling of compelling targets.","The Barsele Gold Project: The Barsele gold project is 100% owned by Goldsky Resources. Located in the mining district of Västerbottens Län in northern Sweden, about 600 km north of Stockholm, covering roughly 25,000 hectares within the Fennoscandian Shield. Positioned at the western end of the east-west trending Paleoproterozoic-aged Skellefteå belt (a region hosting both polymetallic VMS and orogenic gold deposits including the Boliden Au-Cu deposit, the Kristineberg, Renström, and Storliden VMS deposits, and the Björkdal and Svartliden Au deposits), where it intersects the north-south trending geological-terrains containing the Gold Line Belt projects (100% owned by Goldsky Resources). Large, structurally controlled gold system that remains open in all directions, with mineralized envelopes hosted predominantly in granodiorite-rocks with minor occurrences encountered within volcanic and sedimentary rocks. Multiple parallel to subparallel, subvertically oriented mineralise envelopes between 10–100 metres wide, combining into a larger mineralised corridor of up to 425 metres thick, with the Avan–Central–Skiråsen zones extending over ~3.6 km. Additional gold mineralised occurrences are found even further eastwards along the same structural trend for a further ~800 meters, making a total potential mineralised trend of 3.6km. Between 2015 and 2024, approximately166,000 meters of drilling in 453 holes has been completed, focusing on expanding and upgrading the Avan–Central–Skiråsen orogenic gold system and testing additional VMS-style targets, including the historic Norra VMS deposit on the property. Indicated Resource: 5.58 Mt grading 1.81 g/t Au containing 324,000 oz Au (146,000 oz attributable); Inferred Resource: 25.50 Mt grading 2.54 g/t Au containing 2.09 Moz Au (0.94 Moz attributable).","The Paubäcken Project: The Paubäcken Project consists of three contiguous licenses covering 17,000 hectares located in the central portion of the so-called historically defined “Gold Line belt” located in north-west Sweden. The Paubäcken Project is strategically positioned between Barsele gold-deposit and Fäboliden gold-deposit, located only 3km to the north-east of the historically operated Svartliden mine which includes a presently operating mill used for toll-treating purposes. The Paubäcken Project hosts the Aida target, which is located three kilometres northeast of the Svartliden operation. The Aida target is positioned within an interpreted ~5 km-long shear corridor defined from magnetic geophysical data. Regional top-of-bedrock drilling in 2021 identified gold and path-finder geochemical anomalism coincident with the interpreted structural-corridor. A maiden drill program completed in November 2022 intercepted 22.5 m of 2.4 g/t Au in hole PAU-21-003 hosted within a sheared and altered basalt unit within the structural corridor.","The Storjuktan Project: The Storjuktan Project consists of seven contiguous licenses covering 30,000 hectares located in the northern regions of the Gold Line belt. Excellent infrastructure with regional highways, rail lines and hydroelectric dam all within 50km of the license package. The Storjuktan Project is a large, early-stage project strategically positioned north of the Barsele deposit."]
Leadership
Taj Singh (CEO, Over 22 years of mining and resources industry experience, including roles as founding President and CEO of NOA Lithium Brines Inc. and Discovery Silver Corp.), Adam Cegielski (President, Over 25 years of experience in mineral exploration and development, previously CEO of Gold Line Resources Ltd.), John Eren (Vice President of Corporate Development, Over two decades of experience in the junior resource space, previously held corporate development roles at various companies including Crystal Exploration Inc. and Auryn Resources.), Henrik Lundin (Director, 19 years of technical and business experience in the natural resource sector, previously served as Chairman of Gold Line Resources Ltd. and held executive roles in mining and oil and gas sectors.)

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