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CORRECTION: Eskay Mining Discovers More VMS Targets and Commences Drilling at Scarlet Ridge
This press release updates one released earlier to day with a duplicate image TORONTO, O...
About this update from Eskay Mining Corp
[{"type":"text","content":"CORRECTION: Eskay Mining Discovers More VMS Targets and Commences Drilling at Scarlet RidgeThis press release updates one released earlier to day with a duplicate imageTORONTO, ON / ACCESSWIRE / July 27, 2022 / Eskay Mining Corp. (\"Eskay\" or the \"Company\") (TSXV:ESK)(OTCQX:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce discovery of multiple new volcanogenic massive sulfide (\"VMS\") targets across the Scarlet Ridge region, part of its 100% controlled Consolidated Eskay project, British Columbia. Diamond drilling recently commenced at the first of the Scarlet Ridge targets. To date, the Company has completed 12,093m of diamond core drilling, approximately 40% of the 30,000m planned to be completed in 2022. Drill production is currently on target to reach this aggressive goal with four drills fully operational.\"Our team's scientific approach to exploration and comprehensive understanding of VMS is really unlocking the potential of the Consolidated Eskay property\", commented Dr. John DeDecker, Eskay Mining's VP of Exploration. \"In the vicinity of Scarlet Ridge situated at the northern end of the Eastern Anticline, we are finding intensely mineralized VMS systems within sight of the Eskay Creek Mine located approximately seven km to the west. More and more sulfide mineralization turns up where predicted by our geological models. Newly discovered VMS targets along the Scarlet Ridge-Tarn Lake trend lead us to believe that this VMS district is much larger than previously envisioned.\"Multiple New VMS Targets DiscoveredRecent field investigations of the Scarlet Ridge vicinity have confirmed the presence of a trend of multiple VMS systems extending a minimum of 5 km along strike (Figure 1). VMS mineralization occurs in four distinct feeder zones, Scarlet Ridge North, Scarlet Ridge South, Scarlet Valley, and Scarlet Knob, each spaced approximately 1 km apart.These feeder zones are all hosted by highly prospective upper and lower Hazelton Group stratigraphy at the north end of the Eastern Anticline approximately 7 km east of the Eskay Creek Mine which is situated at the north end of the Eskay Anticline.Preliminary investigations suggest this trend of VMS mineralization continues southwestwards to the Tarn Lake target which, if confirmed, defines a 8.5 km trend of VMS systems.Planned 2022 drilling in the Scarlet Ridge area ...