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Eskay Mining Corp. (Eskay) is a TSX Venture Exchange listed company that focuses on exploring and developing precious and base metals in the Golden Triangle of British Columbia. With 177 claims totaling 52,600 hectares, Eskay aims to make significant resource discoveries. Recent achievements include identifying new high-priority drill targets and significant mineralization at various sites like Tarn Lake, Cumberland, Scarlet Knob-Bruce Glacier, and more. Eskay has entered into a non-binding letter of intent with P2 Gold Inc. to acquire P2 in a business combination transaction, which is expected to enhance exploration capabilities in the Golden Triangle and Nevada.
Eskay Mining Corp. announces significant assay results from its 2021 diamond drill campaign at the Consolidated Eskay VMS project, British Columbia. Out of 98 drilled holes, 35 have been fully assayed, with over 90% displaying significant mineralization. Highlights include high-grade intercepts such as 16.3 gpt Au eq over 4.67m in hole TV21-78 and 61.3 gpt Au eq over 1.00m in hole J21-77. The results confirm the potential of the TV and Jeff deposits as part of a larger VMS system. Mineralization remains open along strike and down dip, indicating further exploration opportunities.
Eskay Mining Corp has entered into an Amended Cost Sharing Agreement with Seabridge Gold to share costs for the construction of the Coulter Creek Access Road (CCAR), estimated at $12.5 million. Eskay's maximum contribution is limited to $6.25 million. Construction was delayed due to route changes, with a portion completed by October 2021. Eskay plans to continue exploration activities in the area, having completed 23,500m of drilling in 2021, with initial assay results released on November 8. A $3 million loan facility has been established for funding Eskay's obligations.
Eskay Mining Corp. has reported promising results from its 2021 diamond drill campaign at the Consolidated Eskay VMS project in British Columbia. Highlights include:
- Drill hole TV21-63: 26.0m grading 1.9 gpt Au and 367.7 gpt Ag (6.8 gpt Au eq).
- Drill hole TV21-54: 24.09m grading 2.2 gpt Au and 374.0 gpt Ag (7.2 gpt Au eq).
- Drill program included 98 holes totaling approximately 23,500m.
Results suggest an extensive VMS feeder zone, enhancing potential for future assays from various mineralization layers.
Eskay Mining Corp. has completed its 2021 diamond drill program at its Consolidated Eskay project in British Columbia, achieving significant findings despite early snowstorms. The company drilled approximately 23,500 meters across 98 holes, uncovering massive sulfide mineralization atop the TV VMS system and confirming the presence of extensive mineralization between the TV and Jeff deposits. Notably, the newly identified Vermillion deposit is highlighted as a major discovery. Additionally, reconnaissance at Scarlet Ridge confirmed a significant VMS system associated with rhyolite intrusions over a strike length of at least 1.5 km.
Eskay Mining Corp announced the discovery of two new volcanogenic massive sulphide (VMS) systems, New York and Vermilion, at its Consolidated Eskay precious metal project in British Columbia. The company's 2021 diamond drilling program has progressed with 19,000 meters completed out of a planned 30,000 meters. Assay turnaround is delayed due to high drilling activity and labor shortages. Geological analysis indicates the potential for significant mineralization in both newly discovered systems, prompting further exploration efforts.
Eskay Mining Corp. has announced that its common shares are now approved for trading on the OTCQX® under the symbol ESKYF, effective September 3, 2021. This transition from the OTCQB Market to OTCQX signifies an important milestone for the company, enhancing its visibility and liquidity among U.S. investors. CEO Mac Balkam highlighted that this move will provide better execution services and is a crucial step in Eskay's evolution. The company is based in Toronto, focusing on precious and base metals exploration in British Columbia's Golden Triangle region.
Eskay Mining Corp. has reported significant progress in its 2021 drilling campaign, achieving approximately 13,500 meters across 62 holes, 45% of its 30,000 meter target. The focus has been on the TV and Jeff VMS targets, with new drilling at the C10 target. The results show promising precious metal mineralization similar to the successful 2020 drill campaign. Additionally, SkyTEM data indicates numerous untested VMS targets within Eskay's 526 sq km property. The company plans to continue drilling in newly identified mineralized areas.
Eskay Mining Corp. announced the completion of a NI 43-101 technical report on its 100% owned Consolidated Eskay precious metal-rich VMS project in British Columbia. The report, effective June 8, 2021, highlights the potential for nickel-copper massive sulphides and identifies key areas such as Lulu and TV-Jeff zones as significant VMS targets. New geological models suggest increased discovery potential in the Sib-Corey-Mitchell North Project. The report is available on SEDAR and was co-authored by qualified professionals in geology.
Eskay Mining Corp. (OTCQB:ESKYF) has reported promising results from recent diamond drilling at the Jeff target within its Consolidated Eskay project in British Columbia. Notable mineralization intercepts were found, including approximately 46 m of mineralization in hole J21-41 and around 80 m in hole J21-46. Additionally, the SkyTEM data has revealed several new VMS targets, indicating potential for further drilling in 2021. Eskay plans to drill at least 30,000 m this season, aiming to capitalize on the strong mineralization trends detected in these areas.
Seabridge Gold and Eskay Mining have signed a Cost Sharing Agreement to equally share the $12 million construction cost of the first 9 kilometers of the Coulter Creek Access Road. Construction will commence in July 2021. The road will improve access to Seabridge's KSM project and provide logistical benefits for Eskay Mining's exploration activities. Seabridge will fund Eskay's share through a $6 million convertible debenture and 1.35 million warrants, subject to TSX Venture Exchange approval. This partnership aims to enhance the Golden Triangle mining region's development.
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