Welcome to our dedicated page for Eskay Mining news (Ticker: ESKYF), a resource for investors and traders seeking the latest updates and insights on Eskay Mining stock.
Eskay Mining Corp. explores mineral targets within its 100% controlled Consolidated Eskay Project in British Columbia's Golden Triangle. Company news centers on its 459 square kilometer land package, including exploration work around Vermillion, TM, Big Red, Sultan and other target areas associated with gold veins, porphyry copper-gold potential and volcanogenic massive sulphide settings.
Recurring updates include field programs, drilling plans, structural geology work, sampling and assay results, technical consultants, and exploration tools such as rapid-turnaround gold analysis using detectORE technology. News also covers operational preparations for seasonal exploration and investor-communications systems tied to the company's public technical record.
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.
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.