Eskay Mining Corp. Identifies VTEM Conductors and Coincident Cu-Ni Geochemical Anomalies Near Claim Boundaries with Garibaldi and Metallis
Toronto, Ontario (FSCwire) - Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK) (OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) is pleased to release the results of an extensive (136 km2) VTEM survey on its Corey property, along its boundary with properties to the west held by Garibaldi Resources and Metallis Resources. The survey also covered Eskay’s Red Lightning Ni-Cu trend in the same area (see News Release dated June 12, 2018). Three distinct VTEM anomalies deemed worthy of immediate follow-up were identified. The “White Whale anomaly” occurs along strike of Garibaldi Resources’ E&L occurrence and VTEM Anomaly A. The “Cascade anomaly” is adjacent to Metallis Resources’ Thunder North zone, which is coincident with a series of easterly trending gossans that continue onto the Company’s ground. The Sweet Virginia anomaly occurs along the Red Lightning Ni-Cu trend, within the Company’s 100% owned ground (Figures 1 and 2).
Preliminary fieldwork has been carried out at all VTEM conductors. The area surrounding the White Whale anomaly is steep and partially covered with ice, but samples of talus fines returned highly anomalous Cu values ranging from 291 to 571 ppm, and a grab sample from an argillite horizon containing disseminated pyrite and chalcopyrite returned 0.55% Cu. Prospecting and stream sediment sampling along creeks draining the Cascade anomaly returned values of up to 351 ppm nickel, and a sample of float collected from a large boulder from within the most consistently anomalous drainage returned 817 ppm copper and 270 ppm Ni (Figure 2). The boulder appears to have fallen from the bluffs above, which could not be accessed from the drainage. Soil geochemical sampling at the Sweet Virginia anomaly outlined a northwest trending geochemical anomaly which yielded gold and silver values ranging up to 182 ppb and 7.4 ppm, respectively, with copper and zinc support.
The Company’s President and CEO, Mac Balkam, commented:
The results of the VTEM survey and our preliminary fieldwork are very encouraging, particularly along the western border of the claims, where only limited previous work had been undertaken. We look forward to following-up these targets shortly, once the final VTEM data is processed and fully interpreted, and to completing further fieldwork to fully define drill-ready targets
A total of 78 soil, 29 silt and 9 rock samples were delivered to ALS Global’s preparation facility in Terrace BC for precious metal and multi-element analysis. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO / IEC 17025:2005 from the Standards Council of Canada.
Charles J. Greig, P. Geo., a member of the Company’s Advisory Team, is a Qualified Person under the definition of National Instrument 43-101. Mr. Greig has reviewed and approved the technical information in this press release.
For further information regarding the SIB property, see the Company’s Press Releases of October 17, 2016, August 8, 2016, May 9, 2016 and January 22, 2018. For further information regarding Eskay Mining Corp.’s prospects and showings at the Corey property, see the Company’s corporate presentation entitled “April 2018 Property Review and Targeting”.
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 in British Columbia in a highly prolific, poly metallic area known as the Eskay Rift Belt located in the “Golden Triangle”, 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).
For further information, please contact:
|Mac Balkam||T: 416 907 4605|
|President & Chief Executive Officer||E: Mac@eskaymining.com|
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.
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.
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Figure 1: Eskay Mining Corp. claims with 2018 VTEM survey area and identified coincident geochemical and conductivity anomalies
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Figure 2: Colour Map of Sfz30 conductance (mid time channel response, Red = relative conductance high, blue = low) and identified anomalous zones.
Source: Eskay Mining Corp. (TSX Venture:ESK, OTC Bulletin Board:ESKYF, FWB:KN7)