Drilling Begins for Eskay-style Precious Metals Targets at Eskay Mining Corp.’s SIB Property
Toronto, Ontario (FSCwire) - Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK) (OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) is pleased to announce that diamond drilling is underway on its 4,400 hectare SIB property in northwestern British Columbia, Canada. The 7,000 to 9,000 meter drill program is the second of a planned three season program in which SSR Mining Inc. has committed to spend $4.0 million this season (for further information on the option agreement with SSR, see the Company’s Press Release dated April 26, 2017) .
The 2018 SIB property drill campaign will further test prospective volcanic rocks that were successfully intersected beneath the Coulter Creek Thrust Fault (CCFT) in last season’s program (see the Company’s Press Release dated August 2, 2017 and January 22, 2018). These rocks bear strong similarities to host rocks to the world-class precious metals enriched VMS deposits mined between 1994 and 2008 at the nearby Eskay Creek mine, which lies less than 7 km along trend to the north. They also host encouraging alteration and local mineralization and appear to extend to the west and south of the 2017 drill holes, at depths which are within reach of diamond drills (see the Company’s Press Release dated January 22, 2018). Potential for Eskay-style discoveries on the SIB property therefore remains high, and the area will be systematically drill-tested this season by widely-spaced drill holes.
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 23, 2013.
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).
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:
| Mac Balkam | T: 416 907 4020 |
| 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.
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.
To view the original release, please click here
Source: Eskay Mining Corp. (TSX Venture:ESK, OTC Bulletin Board:ESKYF, FWB:KN7)
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