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 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.