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Eskay Mining Confirms New Precious Metal-Rich VMS System at Scarlet Knob-Tarn Lake at Similar Stratigraphic Position to the Eskay Creek Deposit
TORONTO, ON / ACCESSWIRE / January 18, 2023 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV...
About this update from Eskay Mining Corp
[{"type":"text","content":"Eskay Mining Confirms New Precious Metal-Rich VMS System at Scarlet Knob-Tarn Lake at Similar Stratigraphic Position to the Eskay Creek DepositTORONTO, ON / ACCESSWIRE / January 18, 2023 / Eskay Mining Corp. (\"Eskay\" or the \"Company\") (TSXV:ESK)(OTCQX:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce it has confirmed the presence of a precious metal-rich volcanogenic massive sulfide (\"VMS\") mineralized system at Tarn Lake-Scarlet Knob in the northeastern part of its 100% controlled Consolidated Eskay Property in the Golden Triangle, British Columbia.HighlightsDuring the 2022 exploration campaign, Eskay Mining's geologic team confirmed the presence of a major new precious metal-rich VMS mineralized system at Scarlet Knob-Tarn Lake.A spot rock chip sample collected at the Scarlet Knob VMS target on the eastern margin of Bruce Glacier has yielded 56.9 g/t Au and 154 g/t Ag. This sample displays sulfide mineralogy and textures indicative of a VMS origin and, importantly, is hosted by a stratigraphic unit that hosts the main Eskay Creek deposit located approximately 7km to the west.Additional spot rock chip samples collected by Eskay's exploration team at Scarlet Knob and Tarn Lake in 2022 as well as recently identified legacy sample data confirms the presence of robust Au- and Ag-rich VMS mineralization along a northeast trending zone approximately 500m long. Gold grades of these other samples range from less than 0.1 g/t up to 56.6 g/t and silver grades range from less than 1 g/t up to 142 g/t.A spot rock chip sample collected along the western margin of Bruce Glacier at Tarn Lake yielded 9.2 g/t Au and 9.3 g/t Ag. Its visual appearance and mineralogy are nearly identical to that of the high-grade sample collected approximately 800m to the east at Scarlet Knob.Additional spot rock chip samples collected by Eskay's exploration team at Tarn Lake in 2022 as well as recently identified legacy sample data confirms the presence of significant Au- and Ag-rich VMS mineralization over an area approximately 300m across. Gold grades of these other samples range from less than 0.1 g/t up to 7.8 g/t and silver grades range from less than 1 g/t up to 174 g/t.Preliminary results from the first ever drill holes completed at Tarn Lake include 4.10 g/t Au and 98.30 g/t Ag (5.39 g/t Au Eq) over 5.43m within 2.47 g/t Au and 72.20 g/t Ag (...