Eskay Mining Stock Price, News & Analysis

Eskay Mining (TSXV:ESK)(OTC:ESKYF) has reported significant high-grade gold-silver mineralization from its 2025 prospecting program at its 100%-controlled Consolidated Eskay Project in British Columbia's Golden Triangle. The exploration program yielded impressive results with 10 rock samples assaying over 20 g/t Au out of 298 surface rock samples.

Key discoveries include exceptional spot rock chip results of 246 g/t Au with 22.8 g/t Ag, and 150 g/t Au with 76 g/t Ag. The mineralization spans over two kilometers, with veins identified across the Vermillion, TM, Red Lightning, and Big Red zones. A notable channel sample at Vermillion returned 21.8 g/t Au over 1.00m.

The exploration program has revealed characteristics consistent with reduced intrusion-related gold systems (RIRGS), with mineralization spatially related to the Lee Brant intrusive stock covering a 40 sq/km area.

Eskay Mining (OTC:ESKYF) has reported significant progress in its exploration program at its 100% controlled Eskay Project in British Columbia's Golden Triangle. The company has discovered extensive gold veining systems, with 268 surface rock samples collected and submitted for analysis, including 29 channel samples across 25.25 meters in the Vermillion Zone.

Notable discoveries include visible gold and electrum mineralization in two samples, with one sample located near a previous discovery that yielded 205 g/t gold and 118 g/t silver. The vein system extends over 600 metres vertically and 500 by 2000 metres horizontally, showing similarities to Goliath's Surebet gold project.

Eskay Mining Corp. (OTC:ESKYF) has announced the grant of stock options to company directors and consultants. The company has granted a total of 5,200,000 options to purchase common shares at $0.385 per share, with a five-year exercise period. The options were distributed among five directors and three consultants. The grant remains subject to approval from the TSX Venture Exchange.

Eskay Mining Corp. (ESKYF) announced the commencement of its 2025 exploration campaign at the C10-Vermillion-Ted Morris trend within its Consolidated Eskay project. The campaign follows significant 2024 discoveries, including high-grade gold assays of up to 205 g/t from surface outcroppings along a 4km trend. The exploration team will focus on two main targets: a 210m zone at Vermillion and the Ted Morris/Big Red Zone located 2km east. The company aims to expand the strike length and develop a drilling strategy, with plans for a late 2025 drill program. The project's location, just 9km west of Newmont's Valley of the Kings-Brucejack Mine, adds strategic value to the potential discovery.

Eskay Mining Corp. (ESKYF) has announced its 2025 prospecting and mapping program focusing on two high-value targets: the TV Zone and the C10-Vermillion-Ted Morris (TM) trend. The program aims to advance both targets to drill readiness with potential for a drill campaign this season.

The company's 2024 prospecting revealed significant results, particularly high-grade outcrop gold and silver findings along a 4km stretch of the C10-Vermillion-Ted Morris trend. Sampling yielded impressive grades of up to 205 gpt Au and 371 gpt Ag. The C10-Vermillion area shows gold, silver, and copper mineralization, suggesting a possible porphyry system at depth.

The TV Zone, entering its 5th season of exploration, features an extensive high-grade VMS stockwork. The company believes finding the proper seafloor position could lead to a discovery similar to the prolific Eskay Mine's 21B zone. The project is located approximately 9 km west of Newmont's Valley of the Kings mine, which was acquired for $2.8 Billion USD in 2021.

Eskay Mining Corp. (TSXV:ESK)(OTCQX:ESKYF) has announced results from its 2024 prospecting campaign on its 100% controlled Consolidated Eskay property. The campaign focused on newly identified high-grade gold veins in the southern portions of the property. Key highlights include:

1. Discovery of numerous high-grade quartz-carbonate-sulfide veins and stockwork veining in shear zones at C10-Vermillion and Ted Morris Glacier (TM Zone).

2. Notable high-grade samples from C10-Vermillion include up to 205 gpt Au, 371 gpt Ag, and 10.3% Cu.

3. TM Zone samples yielded up to 136 gpt Au and 278 gpt Ag.

4. Additional high-grade samples were collected from Scarlet Knob-Tarn Lake, Cumberland, TV Extension, and SIB-Lulu prospects.

The company plans to conduct further exploration and drilling in these areas in 2025.

Eskay Mining Corp. (TSX-V:ESK)(OTCQX:ESKYF) has completed its summer exploration program, led by geologist Ken McNaughton. The team explored various areas, collecting 363 rock samples for analysis, with results expected by early September. These findings will help identify future drilling targets. The company plans to engage an independent resource modeler for a maiden resource estimate of its TV, Jeff, and SIB/Lulu deposits.

CEO Mac Balkam cited depressed market conditions for mineral exploration companies as the reason for postponing this season's drill program. However, the company is positioned to pursue an aggressive exploration and drilling program in 2025, pending improved capital markets. Eskay Mining currently holds over $2.5 million in cash, cashable instruments, and government resource credits.

Eskay Mining and P2 Gold announced the termination of their previously agreed-upon business combination due to current market conditions. Initially, Eskay intended to acquire P2 Gold under a non-binding letter of intent dated June 4, 2024. Despite the cancellation, both companies will continue their collaboration through an exploration services agreement. This agreement involves P2 Gold planning and executing an exploration program on Eskay's Corey Property for the 2024 exploration season, with teams mobilizing to the site this week.

P2 Gold Inc. and Eskay Mining Corp. are mobilizing exploration crews to the Eskay-Corey Property in the Golden Triangle of northwest British Columbia. The exploration program, supervised by P2's Chief Exploration Officer Ken McNaughton, aims to ground-truth geological and geophysical data and develop drill targets. This mobilization follows a business combination agreement between Eskay and P2 signed on June 4, 2024. Phase One will focus on validating existing data, with Phase Two expected to begin later this year.