Eskay Mining Commences its 2021 Exploration Program with a Property Wide SkyTEM Survey Across Its 100% Owned Consolidated Eskay Precious Metal-Rich VMS Project
SkyTEM is a powerful helicopter supported electromagnetic technique that differentiates electrically resistive and conductive rocks in the subsurface. It is particularly helpful in recognizing areas of relatively conductive altered and sulphide-bearing rocks associated with stockwork VMS mineralization. Both the TV and Jeff targets that were successfully drilled by Eskay in 2020 stand out as discrete conductive features in a small SkyTEM test survey conducted last season (Figure 1). Many more as yet undrilled anomalies were identified by that survey.
Eskay is confident that this property wide survey will reveal additional targets, particularly in areas where stream sediment sampling has identified robust gold anomalism (please refer to the Company's News Release dated February 25, 2021 for further details). This survey will be conducted and processed well in advance of the 2021 field season. Therefore, anomalies that are identified can be field checked early in the season. Some may prove to generate drill targets like those identified at TV and Jeff last season.
"Eskay Mining has one of the most aggressive exploration programs planned for 2021 that I have seen in my career," commented Dr. Quinton Hennigh, director and technical advisor to Eskay Mining. "Our work in 2020 gave us a taste of the excellent potential of this property. Our test SkyTEM survey in 2020 demonstrated its very high value in identifying potential altered and sulfidized areas associated with VMS mineralization. Our VP Exploration, Dr. DeDecker, recently concluded that the entire Hazelton Group is prospective for VMS mineralization and that this unit underlies much of the property. Therefore, this year, we are taking off the blinders and collecting this data across the entire property. We are very eager to see what new targets we might have."
Dr. Quinton Hennigh, P. Geo., a Director of the Company and its technical adviser, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.
About Eskay Mining Corp:
Eskay Mining Corp. (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden Triangle," approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).
All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.
For further information, please contact:
T: 416 907 4020
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
(Figure 1: SkyTEM data from the 2020 survey over the central part of the Eskay Anticline. The TV and Jeff areas are highlighted by the white squares. Drilling confirmed that the dimple like anomalies in these areas are likely resulting from precious metal-rich VMS stockwork mineralization in the subsurface. Many more dimples remain untested, but may also reflect mineralization. Eskay thinks SkyTEM is very useful at identifying discrete drill targets.)
SOURCE: Eskay Mining Corp.