Eskay Mining Updates Summer Exploration Program and Company Plans
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 Corp. (TSX-V:ESK)(OTCQX:ESKYF) ha completato il suo programma di esplorazione estiva, guidato dal geologo Ken McNaughton. Il team ha esplorato diverse aree, raccogliendo 363 campioni di roccia per l'analisi, i cui risultati sono attesi per inizio settembre. Queste scoperte aiuteranno a identificare i futuri obiettivi di perforazione. L'azienda prevede di ingaggiare un modellatore di risorse indipendente per una prima stima delle risorse dei suoi depositi TV, Jeff e SIB/Lulu.
Il CEO Mac Balkam ha citato le condizioni di mercato depresse per le aziende di esplorazione mineraria come il motivo per il rinvio del programma di perforazione di questa stagione. Tuttavia, l'azienda è pronta a perseguire un programma di esplorazione e perforazione aggressivo nel 2025, in attesa del miglioramento dei mercati finanziari. Eskay Mining attualmente detiene oltre $2.5 milioni in contante, strumenti monetizzabili e crediti per risorse governative.
Eskay Mining Corp. (TSX-V:ESK)(OTCQX:ESKYF) ha completado su programa de exploración de verano, dirigido por el geólogo Ken McNaughton. El equipo exploró diversas áreas, recolectando 363 muestras de roca para análisis, cuyos resultados se esperan a principios de septiembre. Estos hallazgos ayudarán a identificar futuros objetivos de perforación. La empresa planea contratar a un modelador de recursos independiente para una primera estimación de recursos de sus depósitos TV, Jeff y SIB/Lulu.
El CEO Mac Balkam citó las condiciones de mercado deprimidas para las empresas de exploración mineral como la razón para postergar el programa de perforación de esta temporada. Sin embargo, la empresa está posicionada para llevar a cabo un programa de exploración y perforación agresivo en 2025, pendiente de una mejora en los mercados de capital. Eskay Mining actualmente tiene más de $2.5 millones en efectivo, instrumentos convertibles y créditos gubernamentales de recursos.
에스카이 마이닝 주식회사 (TSX-V:ESK)(OTCQX:ESKYF)는 지질학자 켄 맥노튼이 이끄는 여름 탐사 프로그램을 완료했습니다. 팀은 다양한 지역을 탐사하며 363개의 암석 샘플을 수집하여 분석 중이며, 결과는 9월 초에 나올 예정입니다. 이러한 발견은 미래의 시추 목표 식별에 도움이 될 것입니다. 회사는 TV, 제프 및 SIB/Lulu 광산에 대한 첫 자원 추정을 위해 독립적인 자원 모델러를 고용할 계획입니다.
CEO 맥 발캄은 미네랄 탐사 회사의 침체된 시장 조건을 이번 시즌의 시추 프로그램 연기의 이유로 언급했습니다. 그러나 회사는 자본 시장이 개선될 경우 2025년에 공격적인 탐사 및 시추 프로그램을 추진할 수 있는 위치에 있습니다. 에스카이 마이닝은 현재 $250만 이상의 현금, 현금화 가능한 자산 및 정부 자원 크레딧을 보유하고 있습니다.
Eskay Mining Corp. (TSX-V:ESK)(OTCQX:ESKYF) a terminé son programme d'exploration estival, dirigé par le géologue Ken McNaughton. L'équipe a exploré diverses zones, collectant 363 échantillons de roche pour analyse, dont les résultats sont attendus début septembre. Ces découvertes aideront à identifier les futurs objectifs de forage. L'entreprise prévoit d'engager un modélisateur de ressources indépendant pour une première estimation des ressources de ses dépôts TV, Jeff et SIB/Lulu.
Le PDG Mac Balkam a cité les conditions de marché déprimées pour les entreprises d'exploration minérale comme la raison du report du programme de forage de cette saison. Cependant, l'entreprise est positionnée pour mener un programme d'exploration et de forage agressif en 2025, en attendant l'amélioration des marchés des capitaux. Eskay Mining détient actuellement plus de 2,5 millions de dollars en liquidités, instruments monétisables et crédits gouvernementaux pour les ressources.
Eskay Mining Corp. (TSX-V:ESK)(OTCQX:ESKYF) hat sein Sommerexplorationsprogramm unter der Leitung des Geologen Ken McNaughton abgeschlossen. Das Team untersuchte verschiedene Gebiete und sammelte 363 Gesteinsproben zur Analyse, deren Ergebnisse Anfang September erwartet werden. Diese Erkenntnisse werden helfen, zukünftige Bohrziele zu identifizieren. Das Unternehmen plant, einen unabhängigen Ressourcenmodellierer für eine erste Ressourcenbewertung seiner TV-, Jeff- und SIB/Lulu-Lagerstätten zu engagieren.
CEO Mac Balkam führte die schwachen Marktbedingungen für Mineralexplorationsunternehmen als Grund an, warum das Bohrprogramm dieser Saison verschoben wurde. Das Unternehmen ist jedoch in der Lage, ein aggressives Explorations- und Bohrprogramm im Jahr 2025zu verfolgen, vorausgesetzt, die Kapitalmärkte verbessern sich. Eskay Mining hält derzeit über $2,5 Millionen in Barreserven, liquidierbaren Instrumenten und staatlichen Ressourcengutschriften.
- Completion of summer exploration program with 363 rock samples collected
- Plans for maiden resource estimate for TV, Jeff, and SIB/Lulu deposits
- Strong financial position with over $2.5 million in cash and resources
- Postponement of drill program due to depressed market conditions
TORONTO, ON / ACCESSWIRE / August 26, 2024 / Eskay Mining Corp. ("Eskay" or the "Company") (TSX-V:ESK)(OTCQX:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) wishes to announce that its summer exploration program, as reported in a Company press release dated June 24th, 2024, has been completed. Geologist Ken McNaughton, leader of the team at Pretium Resources during the discovery of the Brucejack deposit, led Eskay's 2024 program and reported that he and his team are pleased that much of this summer's ground truthing has led to significant insight into the property's potential as well as targets for future drilling and other exploration.
McNaughton and team explored areas including Storie Creek, Scarlett Knob, Tarn Lake south to Tarn Creek, C-10 extending along the margin of Mandy Glacier, Vermillion and areas parallel to Mandy Creek, Maroon Cliffs, SIB/Lulu, TV, Cumberland and Ted Morris. Particular focus was given to ground review of historical high grade rock chip samples. During the summer program, 363 rock samples were collected and submitted to the laboratory for analysis. Assay results are expected back by early September and are anticipated to aid in identifying future drilling targets.
The Company, pending completion of its database update, expects to engage an independent resource modeler to prepare a maiden resource estimate for its
Mac Balkam, CEO & President of Eskay Mining, stated, "Because of the recent depressed market for mineral exploration companies, we decided to be financially prudent and hold off on undertaking a drill program this season. McNaughton's team, with the new data gained from this summer's program, thinks that Eskay Mining can pursue an aggressive exploration and drilling program in 2025 once capital markets have improved. Our keen financial management has left us in the strong position of having over
Dr. Quinton Hennigh, P. Geo., a Director of the Company and its technical adviser, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.
About Eskay Mining Corp:
Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden Triangle," 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).
All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.
For further information, please contact:
Mac Balkam | T: 416 907 4020 |
President & Chief Executive Officer |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE: Eskay Mining Corp.
View the original press release on accesswire.com
FAQ
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