The playbook — gold · October 27, 2026
Goldsky tightens the drill grid at Rajapalot ahead of a resource update
Thirty-two of 37 infill holes hit at Finland's gold-cobalt project. The headline grade is a nugget; the real story is consistency.
Goldsky Resources drilled 37 infill holes at its Rajapalot gold-cobalt project in northern Finland and reported hits in 32 of them. The number grabbing attention is PAL0433 at the Raja zone: 12.6 metres grading 233.56 grams of gold per tonne — stupendous on paper. But the company itself cuts that figure to 14.19 grams per tonne, because almost all of the gold in that interval comes from a single one-metre sample running 2,800 grams per tonne. That one sample carries about 95% of the composite’s gold. The cut grade, 14.19 grams per tonne, is the number that actually feeds a resource estimate.
Infill drilling isn’t about finding new rock — it’s about proving the rock you think you have. Goldsky tightened hole spacing to 30 to 45 metres across three known zones, and the hits matched the grades and thicknesses of nearby historic holes. That consistency is the point. The genuine standout is Palokas hole PAL0406: 17.35 metres at 16.46 grams per tonne uncut, which works out to roughly 235 gram-metres at the company’s top-cut — the best grade-thickness the camp has produced. Cobalt tags along at about 700 parts per million. PAL0433 sits about 38 metres from the nearest prior intercept, approximately 220 metres below surface, and shares a central Raja pad with three other holes — a fan from one collar showing the zone holds together, not a reach along strike. The company expects an updated resource estimate from independent consultant SLR in early November. The market, meanwhile, is unimpressed: Goldsky shed 16.4% over three months while gold held flat and junior miners rose 6.7% — company-specific weakness, not a sector tide.
The honesty column matters here. True widths were not disclosed — every intercept is downhole length, so in steeply dipping lodes drilled at steep angles the real zone is likely narrower than the stated metres. No cut-off grade, QA/QC method, or qualified person was named in the provided text. The 233.6-gram headline is a nugget-effect artifact. And all eight exploration step-out holes testing ground outside the known zones returned nothing significant — so this program de-risks what’s already known rather than expanding the footprint. Watch for the SLR resource update in early November, the updated economic study to follow, and a Barsele resource update in Q4.