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. 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.
Eskay Mining Corp. announced the discovery of precious metal-bearing VMS mineralization in its first drill at the TV target, showing significant results. Hole TV20-35 revealed 210.0 gpt Ag and 1.23 gpt Au (4.11 gpt Au eq) over 11.24 m. High-grade intervals included a notable 0.99 m grading 507.0 gpt Ag and 1.32 gpt Au (8.36 gpt Au eq). Additional drilling indicates a robust VMS system in the area, with two rigs deployed. Pathfinders like arsenic and mercury highlight the potential similarity to the Eskay Creek deposit. The company is optimistic about drilling further in 2021.
Eskay Mining Corp. has accelerated the expiry date of 1,142,000 2018 Warrants due to the company's shares closing above $0.60 for ten consecutive trading days, effective August 21, 2020. These warrants, initially set to expire later, must be exercised by September 23, 2020, at an exercise price of $0.40 per share. Eskay Mining, focused on the exploration and development of precious and base metals in British Columbia's Golden Triangle, continues to enhance its operational strategies.
Eskay Mining Corp. has successfully closed a non-brokered private placement, raising $3,409,250 through the sale of 3,500,000 flow-through units and 2,559,444 working capital units. The proceeds will support the company's 2020 exploration program and general working capital. Recent surveys have identified promising anomalies near the TV and Jeff VMS prospects, and drilling plans are set for a minimum of 3,000 meters starting August 19, 2020. The exploration aims to confirm previous drill results and assess new conductivity anomalies.
Eskay Mining Corp. announced the results of its Annual General and Special Meeting held on August 11, 2020, where shareholders approved all proposed matters. This includes the election of Quinton Hennigh and Thomas Weis to the Board of Directors and the re-appointment of McGovern Hurley LLP as auditors. Additionally, shareholders approved the settlement of $362,122 debt via the issuance of shares at $0.17 each. The newly elected directors bring extensive experience in geology and minerals exploration, which is expected to benefit the company’s ongoing projects in British Columbia's Golden Triangle.