Goldsky Resources Reports Positive Metallurgical Test Results for the Barsele Gold Project

Original announcement by cnw on

Company
Goldsky Resources Corp
Ticker
GSKR
Exchange
Unavailable
Region
Sweden
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy, Resource update
Extracted
2026-09-21 13:47:22 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Goldsky Resources has reported positive metallurgical test results for its Barsele gold project in Sweden. The gravity concentration and cyanide bottle-roll leach tests achieved overall gold recoveries of approximately 90% for both the Central and Avan ore bodies.

Reasoning: Positive metallurgical test results for the Barsele project showing ~90% overall gold recovery using a conventional flowsheet, supporting the ongoing PEA.

Positive factors

  • High overall gold recoveries (90% range)
  • Fast leach kinetics
  • Conventional gravity-cyanidation flowsheet compatibility
  • QA/QC disclosed with ISO 17025 accredited lab

Facts used in scoring: 9

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Overall gold recoveries of 89.6% and 90.8% are in the exceptional/strong band for gold leach.

Evidence · text

“overall mass balance gold recoveries of 89.6% for the Central composite sample and 90.8% for the Avan composite sample”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The test work involves milling and gravity concentration followed by cyanide leach.

Evidence · text

“gravity concentration and cyanide bottle-roll leach testing”

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release mentions the use of an ISO 17025 accredited laboratory and digital sample tracking.

Evidence · text

“SAEL Assay Laboratory, which is ISO 17025 accredited”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

Resource Estimates (4)

indicatedBarsele · goldTonnes: 7880000Grade: 1.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Barsele
Commodity
gold
Ticker
GSKR

Resource scope

Estimate type
resource
Resource group id
resource:68947bd681125c98026d

Resource Data

Category
indicated
Tonnes
7880000
Grade
1.27
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Explicit disclosure recovered from source prose.

Evidence · text

“Barsele is host to an Indicated Mineral Resource of 7.88 Mt grading 1.27 g/t Au containing 0.32 oz Moz Au”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredBarsele · goldTonnes: 28750000Grade: 1.98Grade Unit: g/tContained Metal: 1.83Contained Unit: mozView all details
Link to this fact

Identity

Project
Barsele
Commodity
gold
Ticker
GSKR

Resource scope

Estimate type
resource
Resource group id
resource:e9b3a2974577e3d9d4f1

Resource Data

Category
inferred
Tonnes
28750000
Grade
1.98
Grade Unit
g/t
Contained Metal
1.83
Contained Unit
moz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Explicit disclosure recovered from source prose.

Evidence · text

“Barsele is host to an Indicated Mineral Resource of 7.88 Mt grading 1.27 g/t Au containing 0.32 oz Moz Au and an Inferred Mineral Resource: 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

inferredRajapalot · goldTonnes: 9780000Grade: 2.8Grade Unit: g/tContained Metal: 867Contained Unit: kozView all details
Link to this fact

Identity

Project
Rajapalot
Commodity
gold
Ticker
GSKR

Resource scope

Estimate type
resource
Resource group id
resource:d6b8a8cb6612173d1e2d

Resource Data

Category
inferred
Tonnes
9780000
Grade
2.8
Grade Unit
g/t
Contained Metal
867
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Explicit disclosure recovered from source prose.

Evidence · text

“Rajapalot gold cobalt project situated in northern Finland, which has an Inferred Resource of 9,780kt containing 867 koz Au @ 2.8 g/t Au”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

inferredRajapalot · cobaltTonnes: 9780000Grade: 441Grade Unit: ppmContained Metal: 4.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Rajapalot
Commodity
cobalt
Ticker
GSKR

Resource scope

Estimate type
resource
Resource group id
resource:d6b8a8cb6612173d1e2d

Resource Data

Category
inferred
Tonnes
9780000
Grade
441
Grade Unit
ppm
Contained Metal
4.3
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Explicit disclosure recovered from source prose.

Evidence · text

“Rajapalot gold cobalt project situated in northern Finland, which has an Inferred Resource of 9,780kt containing 867 koz Au @ 2.8 g/t Au & 4.3 kt Co @ 441 ppm Co”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metallurgical Results (5)

gravity concentrationBarsele gold project · goldRecovery: 30.2 %View all details
Link to this fact

Identity

Project
Barsele gold project
Commodity
gold
Region
sweden
Reported Region
Sweden
Ticker
GSKR

Test Work

Program Status
preliminary
Test Type
gravity concentration
Sample
Central composite sample

Recovery

Recovery
30.2 %
Recovery Basis
to_concentrate

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Gravity recovery of 30.2% is indicative of gravity-recoverable gold.

Positive factors

  • Gravity recovery above 20% threshold

Evidence · text

“Gravity gold recoveries of 30.2% for the Central composite sample”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 30.2% is below the weak band (80%)

gravity concentrationBarsele gold project · goldRecovery: 27.7 %View all details
Link to this fact

Identity

Project
Barsele gold project
Commodity
gold
Region
sweden
Reported Region
Sweden
Ticker
GSKR

Test Work

Program Status
preliminary
Test Type
gravity concentration
Sample
Avan composite sample

Recovery

Recovery
27.7 %
Recovery Basis
to_concentrate

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Gravity recovery of 27.7% is indicative of gravity-recoverable gold.

Positive factors

  • Gravity recovery above 20% threshold

Evidence · text

“Gravity gold recoveries of ... 27.7% for the Avan composite sample”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 27.7% is below the weak band (80%)

bottle roll leachBarsele gold project · goldRecovery: 86 %View all details
Link to this fact

Identity

Project
Barsele gold project
Commodity
gold
Region
sweden
Reported Region
Sweden
Ticker
GSKR

Test Work

Program Status
preliminary
Test Type
bottle roll leach
Sample
Central composite sample (gravity tailings)

Recovery

Recovery
86 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 86% leach extraction on tailings is a solid result for a preliminary program.

Positive factors

  • Strong leach extraction

Evidence · text

“Gold leach extraction of 86.0% for the Central composite sample”
bottle roll leachBarsele gold project · goldRecovery: 88.1 %View all details
Link to this fact

Identity

Project
Barsele gold project
Commodity
gold
Region
sweden
Reported Region
Sweden
Ticker
GSKR

Test Work

Program Status
preliminary
Test Type
bottle roll leach
Sample
Avan composite sample (gravity tailings)

Recovery

Recovery
88.1 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: 88.1% leach extraction on tailings is a solid result for a preliminary program.

Positive factors

  • Strong leach extraction

Evidence · text

“and 88.1% for the Avan composite sample”
bottle roll leachBarsele gold project · goldView all details
Link to this fact

Identity

Project
Barsele gold project
Commodity
gold
Region
sweden
Reported Region
Sweden
Ticker
GSKR

Test Work

Program Status
preliminary
Test Type
bottle roll leach
Sample
Central and Avan composites

Reagents

Cyanide
0.75 kg/t
Lime
0.5 kg/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Cyanide consumption of 0.75 kg/t is within acceptable ranges for gold leach.

Positive factors

  • Low cyanide consumption

Evidence · text

“Cyanide consumption was approximately 0.75 kg/t and lime consumption was below 0.5 kg/t.”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.