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Eskay Mining Provides Update on Drilling; Discusses Property Wide SkyTEM Data
TORONTO, ON / ACCESSWIRE / August 23, 2021 / Eskay Mining Corp. ("Eskay" or the "Company") (T...
About this update from Eskay Mining Corp
[{"type":"text","content":"Eskay Mining Provides Update on Drilling; Discusses Property Wide SkyTEM DataTORONTO, ON / ACCESSWIRE / August 23, 2021 / Eskay Mining Corp. (\"Eskay\" or the \"Company\") (TSXV:ESK)(OTCQB:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) is pleased to provide an update on its 2021 drill program and an overview of its property wide SkyTEM results.Summary:To date, approximately 13,500 m of diamond drilling, in approximately 62 holes, has been completed representing 45% of the minimum 30,000 planned meters. With approximately two months left in the drill campaign and four rigs generating approximately 300 m of core daily, Eskay believes it will be able to complete over 30,000 meters of drilling this year.To date, drilling has focused on the TV and Jeff precious metal rich VMS targets and areas proximal. Drilling has recently commenced at the C10 target and surrounding areas targeting coincident IP/SkyTEM geophysical anomalies and historic high-grade Au drill intercepts.A majority of drill holes completed at TV and Jeff have encountered stockwork and massive sulphide mineralization visually similar to mineralized intercepts encountered in drill holes completed in 2020. In places, precious metal minerals including electrum, pyrargyrite and tetrahedrite have been observed in core (Figure 1). Based on observations of what is clearly replacement style sulphide mineralization, Eskay believes that mineralization encountered to date formed within close proximity to the paleo-seafloor and is associated with syn-volcanic faults. The Lower Zone at TV includes a massive sulphide lens (Figure 2) which likely formed in a black smoker environment on the sea floor.Field prospecting and geologic mapping have yielded significant new observations. Perhaps most importantly, crews have recently identified sulphide mineralization in mudstone and rhyolite belonging to the Upper Hazelton Group which sits stratigraphically above the currently drilled TV deposit. TV mineralization occurs in Lower Hazelton Group rocks, especially volcanic rocks belonging to the Betty Creek Formation. Eskay believes these Upper Hazelton rock units have potential to host precious metal rich VMS deposits like those at the nearby Eskay Creek Mine. The Company will soon be drilling holes in these newly discovered mineralized areas to test this concept.Soil sampling programs are currently underw...