09:04 AM EDT, 07/10/2024 (MT Newswires) -- Golden Sky Minerals ( LCKYF ) said Wednesday that it identified new geophysical targets within the Rayfield copper-gold property in British Columbia.

The company added that it expanded the mineral claims by about 20% to about 50,800 hectares.

Golden Sky said the entire strike length is prospective for additional porphyry-style mineralization.

"The staking activities by Boliden and Fortescue, along with our strategic expansion of additional claims, validate our belief in the substantial value of this project," said John Newell, Golden Sky's president and CEO. "We are committed to advancing our exploration efforts and maximizing the potential of our assets in this prolific mining district."

The company's share price fell 3.1% yesterday to $0.16 on the TSXV.