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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. has initiated its 2021 drill campaign at the Consolidated Eskay project in British Columbia, planning to drill at least 30,000 meters across various targets. The campaign follows promising results from 2020, including a high-grade interval of 9.5 gpt Au and 70 gpt Ag. The company is also conducting a SkyTEM survey to identify additional sulphide targets, with preliminary results indicating multiple robust targets. Eskay aims to enhance its understanding of the mineralization zones at Jeff and TV.
Eskay Mining Corp. has identified multiple precious metal-rich mineralized horizons at its Consolidated Eskay project in British Columbia. A new geological model reveals six prospective stratigraphic units across the 526 sq km property, including the high-grade Eskay Creek deposit. The discovery indicates earlier-than-expected VMS hydrothermal activity in the region, enhancing exploration potential. The company plans a +30,000 m drilling campaign starting in June 2021, targeting newly identified areas with significant gold and silver mineralization.
Eskay Mining Corp. has clarified its recent acquisition regarding a former joint venture with St. Andrew Goldfields Ltd. The company has now secured 100% ownership of all properties previously involved in the JV, including the Jeff and TV targets. The acquisition is subject to a 2% NSR in favor of St. Andrew. Eskay holds a total of 177 claims over 130,000 acres in the Golden Triangle region of British Columbia, enhancing its exploration capabilities in this rich mining area.
Eskay Mining Corp. has acquired a 100% interest in the SIB property, previously under a joint venture with St. Andrew Goldfields Ltd. The joint venture has been terminated, converting St. Andrew into a holder of a 2% net smelter returns royalty (NSR). Eskay can purchase half of this royalty for $3 million and has the right of first refusal for the remaining 1%. This acquisition enhances Eskay's holdings in the prolific Golden Triangle region, vital for its exploration and development efforts.
Eskay Mining Corp. has successfully completed the acquisition of 23,703,688 common shares of Garibaldi Resources Corp. for 4,211,719 working capital units at $2.56 each. This acquisition represents 19.5% of Garibaldi's total issued and outstanding shares, enhancing Eskay's investment portfolio. Eskay had no prior holdings in Garibaldi and aims to hold these shares for investment purposes without immediate plans to alter its stake. The acquisition is expected to contribute positively to Eskay’s strategic positioning in the mining sector.
Eskay Mining Corp. (OTCQB:ESKYF) announced promising results from its 2020 stream sediment sampling program, revealing new precious metal-rich VMS targets across its 526 sq km land holdings in British Columbia. Analysis highlighted significant BLEG gold anomalies, particularly on the 100% owned Corey property, indicating potential for district-scale discoveries. Notably, multiple catchments displayed high priority anomalies correlating with Eskay Creek style mineralization, prompting plans for further exploration and drilling in 2021.
Eskay Mining Corp. has announced the granting of 3,700,000 options to purchase common shares at $3.00 each for five years, pending TSX Venture Exchange approval. This move is aimed at incentivizing officers, directors, and consultants. Eskay, based in Toronto, focuses on exploring precious and base metals in the Golden Triangle of British Columbia, holding 177 mineral claims over 130,000 acres. The company highlights its ongoing commitment to exploration and development in this prolific region, though it notes inherent risks in its forward-looking statements.
Eskay Mining Corp. has announced an agreement with The Sprott Foundation to acquire 23,703,688 common shares of Garibaldi Resources Corp. (GGI) for $10,782,000. The transaction involves issuing 4,211,719 working capital units at a price of $2.56 per unit, each comprising one common share and a warrant priced at $2.82. The acquisition represents 19.5% of GGI's outstanding shares and will be made for investment purposes, pending TSX Venture Exchange approval.
Eskay Mining Corp. announced the successful completion of a diamond drill campaign totaling 4,335.55 meters across 20 holes at its TV-Jeff VMS target on joint venture ground with Kirkland Lake Gold. The drilling revealed significant VMS mineralization, including silver-bearing minerals like pyrargyrite and electrum, indicating potential for valuable precious metals. Recent geophysical surveys suggest a larger VMS system than previously thought. The results are promising for further exploration, as the company plans to expand its drilling efforts in the next season.
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