Eskay Mining Corp · TSXV:ESK
Eskay Mining — Investor Presentation (April 2018)
58 slides from Eskay Mining's investor presentation, April 2018
Slide 1: A Golden Opportunity in the Heart of British Columbia's Golden Triangle
TSX.V: ESK – USA.OTC: ESKYF – Frankfurt: KN7 A Golden Opportunity in the Heart of British Columbia’s Golden Triangle A review and integration of Eskay Mining Corp’s extensive and diverse dataset, with a focus on driving future exploration Eskay Mining Corp Properties: SIB Option Corey Claims North M
Slide 2: Disclaimer and forward-looking statements
The data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. Some statements contained in this presentation are forward-lo
Slide 3: Capital Structure
Capital Structure Symbol: ESK - TSX Venture Exchange Recent Price: $0.27 52 Week High: $0.51 ene 52 Week Low: $0.18 wae @ Public Shares Outstanding 110,274,864 *Options Outstanding 9,907,144 Shares Fully Diluted: 120,182,008 *at exercise prices from $0.05 to $0.235 per share (avo) 214d 22 May 19 Jun
Slide 4: Management and Directors
Hugh M. (Mac) Balkam, President/Ceo, Director Mr. Balkam was with the Royal Canadian Mounted Police for 13 years, many of those involved in the investigation of stock market related fraud. In 1981, he resigned to become a financial consultant with a major brokerage firm, where he managed investments
Slide 5: Directors
Robert Myhill, Director Mr. Myhill is a director of six privately held companies operating in transportation and venture capital in B.C., Alberta and Ontario. From 1991 until 2006, Mr. Myhill was the President of Canadian Investors Corporation, an investment company focused on financing corporate re
Slide 6: Technical team and geologists
Charles Greig, M.Sc., P.Geo. Charlie Greig is a geologist with over thirty years of experience in the exploration industry. His main area of expertise is in geologic mapping, particularly as it applies to mineral exploration, and he has worked on exploration projects from grass-roots to development.
Slide 7: Significant Mineral Discoveries in B.C.'s Prolific Golden Triangle
Significant Mineral Discoveries in B.C.’s Prolific Golden Triangle Eskay Creek - 3.0 Million oz Au (48.4 g/t), 160 Million oz Ag (2,221 g/t). Brucejack - 9.1 Million oz Au (17.2 g/t), 7.9 Million oz Ag (15.0 g/t). KSM – Iron Cap - 53.5 Million oz Au (0.55 g/t), 16.95 Billion lbs Cu (0.21%) (Added ne
Slide 8: Eskay controls over 52,000 ha in the Golden Triangle
Eskay controls over 52,000 ha of ground in the Heart of British Columbia’s Golden Triangle: • Politically stable • New infrastructure (Northwest Transmission Line, Brucejack Mine) • Golden Triangle encompasses over 135 million oz Au in measured, indicated and inferred resources High-Class Neighbours
Slide 9: Land package ownership agreements
Eskay Mining’s Land package can SIB Property be divided into three distinct • Eskay Creek Type VMS ownership agreements: prospect • 2017 and 2018 drill testing • SSR Mining Inc. (60%) option of SIB property on joint venture ground • Eskay Mining Corp. (80%) and Corey Property E&L Kirkland Lake Gold
Slide 10: SSR Mining option agreement
SSR Mining has elected to proceed with the second year of their option agreement with Eskay Mining. SSR Mining has the option to earn a 51% undivided interest in the property by spending an aggregate of $11.7 million in exploration expenditures over three years, with an option to earn a further 9% u
Slide 11: 2017 SIB drill program
The 2017 drill program on the SIB Property was designed to test the footwall of the Coulter Creek Thrust Fault (CCTF) for prospective Eskay Creek stratigraphy and precious metals enriched VMS mineralization. CCTF footwall drill holes were collared into Bowser Lake Group sedimentary rocks, continued
Slide 12: Exploration Highlights
Exploration Highlights: • Confirmed presence of favourable Eskay Creek stratigraphy beneath the CCTF; • Identified zones of polymetallic veining; • Outlined elevated pathfinder elements within graphitic argillite horizons that are potentially analogous to those distal to the stratiform 21 Zone orebo
Slide 13: Cross-section holes EK17-150, EK17-152
13 Bowser Lake Group rN Eskay Mining Corp. E-WPlane Projected Cross-section Holes EK17-150, EK17-152 (Cul. Greig and Associates Ltd 200 December 2017 EKI7-152 Salmon River Formation EKI7-150 Coulter Creek Thrust Fault sar eae a [Dy sneer ow Pow rca Oo Riyal Low Th B srarbested Be. a (naires) [Bh ewe
Slide 14: Cross-section holes EK17-151, EK17-148
14 Bowser Lake Group rN Eskay Mining Corp. E-WPlane Projected Cross-section Holes EK17-151, EK17-148 C.J. Greig and Associates Ltd. 200 Date: December 5, 2017 ——_——————— metres EKI7-15¢ Salmon River Formation EKI7-148 Coulter Creek Thrust Fault ‘Downhole Sructres (unaierenated) G ‘Plow / Flow Brecci
Slide 15: Cross-section holes EK17-145, EK17-143
Bowser Lake Group Coulter Creek Thrust Fault Salmon River Formation VN isha ng i E-WPlane Projected Cross-section Holes EK17-145, EK17-143 CA. Greig and Assorintes Ltd Flow /Fow Besa 200 taaretaed) vege Ee] Wem ne 15 Devenir 52017 metres ere
Slide 16: SSR Mining proceeds with second option year
SSR Mining has elected to proceed with the second year of their option agreement with Eskay Mining Corp. Target generation for the 2018 summer drill program at the SIB property is currently underway. It will systematically test the extensive and favourable Eskay stratigraphy to the west and south of
Slide 17: Corey property targets
Much of the remainder of the large land package outside of the SIB option is referred to as the Corey property. A large proportion of the Corey remains underexplored, and it hosts a number of excellent exploration targets which represent a variety of mineralization styles: 1) Precious metal-enriched
Slide 18: Red Lightning, Jeff, TV and Big Red showings
Red Lightning Showing – Magmatic Ni-Cu: First discovery of Ni-Cu Sulphide mineralization on the Corey Property. Drilling in 2008 intersected 20.4 N m of semi-massive sulphides grading 0.79% copper, 0.42% nickel, 0.08% cobalt, 0.01 g/t platinum, 0.1 g/t palladium and 0.8 g/t gold, including a 10 m wi
Slide 19: View toward C10 from Red Lightning
Iron Cap Red Lightning Big Red Sulphurets N VOK (to south) HSOV Mt. Madge C10 South Unuk Area View NW toward C-10 (rusty-weathering) from Red Lightning 19
Slide 20: Red Lightning Drilling Highlights
Red Lightning 2007 Drilling Highlights The Red Lightning zone consists of magmatic nickel- From To Length copper-rich mineralization associated with a dike-like Hole ID (m) (m) (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) body of tholeiitic gabbro. In 2017, Garibaldi RL-1 69.2 71.7 2.5 0.25 2.3 0.29 <
Slide 21: CR08-86 Massive Sulphide
CR08-86: Massive Sulphide 20.4 m @ 0.42% Ni 0.79% Cu 0.8 g/t Au 0.1 g/t Pd N 21
Slide 22: 3D view of Red Lightning Zone drill holes
Top-down 3D perspective view of Top-down 3D perspective view of Red Lightning Zone drill holes Red Lightning Zone drill holes with surface contours and mapped mafic intrusives Surface expression of magmatic NI-Cu related mafic intrusives CR08-86: Massive Sulphide CR08-86: 20.4 m @ Massive Sulphide 0
Slide 23: Red Lightning with untested IP anomaly
Top-down 3D perspective view of Top-down 3D perspective view of Red Lightning Zone drill holes Red Lightning Zone drill holes with surface contours with adjacent untested IP chargeability anomaly Northern extent of 2011 IP Survey CR08-86: Massive Sulphide 20.4 m @ 80 m 0.42% Ni 0.79% Cu 0.8 g/t Au 0
Slide 24: Red Lightning Trend
Red Lightning Ni in stream sediment trend Red Lightning Ni in stream sediment trend Red Lightning Trend: with Total Magnetic Intensity (blue = low, red = high) • The Corey property encompasses a 15 km trend of encouraging Ni- Cu-Co-Ag stream sediment anomalies that correlate well with a string of li
Slide 25: Red Lightning Trend VTEM anomalies
Red Lightning Trend: N • The northwestern property area, adjacent to Garibaldi Resources (E&L) and Metallis Resources (Thunder North VTEM Anomalies and Thunder South) VTEM anomalies has seen very little exploration, with a complete absence of any rock, stream or soil sampling. • Exploration will foc
Slide 26: C10 Drilling Highlights
C10 The C10 zone is defined by a broad gold-in-soil anomaly that encompasses a semi-continuous Drilling Highlights and variably gold-mineralized trend outlined by previous drilling. From Length Au Hole ID (m) To (m) (m) (g/t) Ag (g/t) Cu (ppm) Zn ppm Previous workers suggested the C10 Zone may repre
Slide 27: CR05-17 Vein Hosted
N CR05-17: Vein Hosted 1.5 m @ 99.40 g/t Au 28.1 g/t Ag 27
Slide 28: C10 Zone drill holes 3D view
Top-down 3D perspective view of C10 Zone drill holes • Anomalous Au values with surface contours. were obtained from every hole drilled at the C10 zone, indicating a significant Au- CR05-17: Vein Hosted CR06-37 CR06-38 mineralizing system CR06-39 1.5 m @ is in play. Au 99.40 g/t Au 28.1 g/t Ag miner
Slide 29: C10 gold grades and IP chargeability
Top-down 3D perspective view of C10 Zone drillholes CR05-15: • The higher Au grades and modeled ground IP chargeability anomaly (26 ms). All IP anomalies remain untested. 53.9 m @ in drill core coincide 195 ppb Au with an increase in CR05-17: the Au-in-Soil 151.5 m @ CR06-33: geochemical 1166 ppb Au
Slide 30: GFJ Zone
Top-down 3D perspective view of GFJ Zone GFJ Zone with surface contours The GFJ zone is characterized by and rock sample locations. numerous Au bearing quartz-sulphide veins. The zone trends westerly for C10 Zone over 750 metres from the area immediately south of Red Lighting. IP Chargeability High
Slide 31: GFJ Showing
To C10 Zone To Red Lightning Zone N GFJ Showing 51.92 g/t Au 31
Slide 32: C10 and GFJ Zones
C10 and GFJ Zones: • Melt-back of glacial ice in the past decade has opened up more ground for detailed mapping and C10 Zone prospecting. Red Lightning Zone • A priority for future exploration would be to more accurately map and define the vein system that comprises the GFJ zone, because ice and N S
Slide 33: C10 and GFJ Zones: recommended IP
Top-down 3D perspective view of C10,GFJ, and Red C10 and GFJ Zones: Lighting Zones, with modeled ground IP chargeability anomaly (26 ms). All IP anomalies remain untested. • Additional ground IP that will encompass the entirety of the GFJ-C10 –Red Lightning area is Mt Madge Summit recommended; this
Slide 34: Tet Showing
Tet Showing: Hand Specimen of Tet Showing Vein • Near the summit of Mount Madge, approximately 400 m to the northwest of the main C10 Zone drilling, exceptionally high silver grades were returned from tetrahedrite-siderite bearing mineralized vein zones. • Field notes from the 2016 sampling program
Slide 35: Tet Showing silver values
Tet Showing: • Drilling of the C10 area in 2005 saw three shallow holes collared near the lower elevation Ag value surface samples but failed to intersect the veins at depth. • pXRF analysis of Tet vein hand samples reveals significantly high values of Ag, As, Sb, Pb, and Cu (all 37,366 ppm Ag 8,400
Slide 36: TV-Jeff Zone
TV-Jeff Zone J91-7: Vein Hosted • Located 9 km south of Eskay 4.0 m @ J91-10: Creek Mine within Middle 47.14 g/t Au Mudstone hosted Jurassic Eskay Rift 348.4 g/t Ag stratigraphy, it is outlined by a 1.05 m @ 3.5 km long trend of high gold- 14.87 g/t Au 53.3 g/t Ag in-soil values with elevated pathfi
Slide 37: The Jeff Zone
The Jeff Zone • The Jeff Zone lies approximately 9 km south of the Eskay Creek Mine and consists of several high-grade intercepts in relatively shallow (< 300 m) drill holes. J91-10: J91-7: Mudstone hosted • Significant mineralization is present in two forms: Vein Hosted 1) discordant quartz-pyrite
Slide 38: Jeff J91-7 vein hosted mineralization
J91-7: Vein Hosted 4.0 m @ 47.14 g/t Au 348.4 g/t Ag Stratiform J91-10: mudstone hosted Mudstone hosted mineralization – potentially 1.05 m @ associated with Vein hosted vein hosted mineralization 14.87 g/t Au mineralization to 53.3 g/t Ag the northwest 38
Slide 39: Drilling Highlights
Drilling Highlights Hole From To Length Au Ag Cu Zn Mineralization Style ID (m) (m) (m) (g/t) (g/t) (%) (%) 4.1 7.30 3.20 6.37 26.2 <0.01 0.06 Discordant Footwall J91-2 25.3 25.95 0.65 15.60 140.9 0.01 0.94 Discordant Footwall J91-2 14.65 15.65 1.00 4.22 16.6 <0.01 0.04 Discordant Footwall J91-3 44.
Slide 40: TV Zone vein hosted intercepts
N 95_31: Vein Hosted 22.10 m @ 2.22 g/t Au 49.5 g/t Ag 95_15: Mudstone Hosted 34.46 m @ 1.79 g/t Au 32.1 g/t Ag 95_24: Vein Hosted 22.30 m @ 1.65 g/t Au 75.0 g/t Ag 40
Slide 41: TV Syncline geology
N Bowser Lake Group Salmon River Fm Surface projected mineralization footprint TV Syncline Salmon River Fm 41
Slide 42: TV Zone Mineralization
TV95_6 TV Zone Mineralization Top-down 3D perspective view of TV Zone drill holes • Significant mineralization is present in two Au Mineralization forms: 1) discordant quartz-pyrite vein Trend hosted Au, with grades up to 2.22 g/t Au and 50 g/t Ag over 22.1 m, including TV95_5 12.75 g/t Au and 213 g
Slide 43: Sub-surface 3D view of TV Zone drill holes
TV95_6 Top-down 3D perspective view Sub-surface 3D perspective of TV Zone drill holes view of TV Zone drill holes Au Mineralized TV95_5 TV95_6 Horizon Salmon River TV95_1 Fm. Rocks TV95_1 Au Mineralized Horizon Bowser Lake (10 – 30 m true thickness) Group Rocks TV96_32 TV96_32 TV96_28 TV96_28 43
Slide 44: TV Zone fold geometry target area
Top-down 3D perspective view Axial Plane of of TV Zone drill holes Fold Repeating Gold-mineralized Horizon Au Mineralized Trend Area to target following fold geometry S 44
Slide 45: Drill Hole Highlights
Drill Hole Highlights From Length Au Ag Hole From Length Au Ag Hole ID To (m) Mineralization Style To (m) Mineralization Style (m) (m) (g/t) (g/t) ID (m) (m) (g/t) (g/t) 95_03 5.50 21.52 16.02 1.84 46.9 Discordant 95_19 152.40 163.50 11.10 1.02 59.3 Stratiform Incl. 17.44 21.52 4.08 3.38 68.2 Discor
Slide 46: HeliSAM Geophysical Survey
HeliSAM Geophysical Survey • The HeliSAM EM is a relatively new geophysical exploration method which should work well at TV-Jeff • It combines a ground-based transmitter loop with an airborne receiver system that can be flown efficiently in mountainous terrain. Proposed • It has the ability to image
Slide 47: Big Red Zone
3 Grab Samples Averaged: 0.27% Cu, 0.090 g/t Au and 4.3 g/t Ag, Big Red Zone: with the best sample grading 0.68% Cu, 0.124 g/t Au and 6.2 g/t Ag • Lies approximately 3.5 km south of the Red Lightning Zone; • Covers an area of extensive ice cover with patches of outcrop hosting intense gossans consis
Slide 48: Big Red Zone EM anomaly and magnetics
3 Grab Samples Averaged: 0.27% Cu, 0.090 g/t Au and 4.3 g/t Ag, Big Red Zone: with the best sample grading 0.68% Cu, 0.124 g/t Au and 6.2 g/t Ag • EM Anomaly coincides with anomalous rock geochemistry and is in non-graphitic volcanic rock – likely represents mineralized stockwork veins; • A large to
Slide 49: Big Red Zone
Big Red Zone: 3 Grab Samples Averaging: • EM Anomaly coincides with 0.27% Cu, 0.090 g/t Au and 4.3 g/t Ag anomalous rock geochemistry and is in non-graphitic volcanic rock – likely represents mineralized stockwork veins; • A large total magnetic intensity low encompasses the EM anomaly, and may be e
Slide 50: Gossanous QSP alteration with veining
gossanous QSP alteration hosting qz-cb-py-cp-moly veining 50
Slide 51: Brucejack-Style Conceptual Target
Brucejack-Style Conceptual Target N • Recent mapping has confirmed that the stratigraphic units which host many of the occurrences on Pretium’s Brucejack property are exposed at North Mitchell, including key units that are common to and host mineralization at VOK and other “Brucejack trend” occurren
Slide 52: QSP Alteration
QSP Unweathered QSP Alteration 52
Slide 53: QSP structural setting at North Mitchell
Throughout the Sulphurets Camp, both gold and Au-Cu deposits appear to be closely associated with Early Jurassic syn-volcanic structures that helped to focus mineralization at that time. During mid-Cretaceous time, however, these same structures were reactivated and generally inverted (i.e.. what we
Slide 54: Eskay Creek, Porphyry and Epithermal Potential
Eskay Creek, Porphyry and Epithermal Potential: Virginia Lake, Battlement, Bench, South Unuk, Angela Creek, Golf Course, Smitty, C10, Cumberland, HSOV and Spearhead showings host favourable Eskay Stratigraphy with gold and silver soil and silt anomalies with elevated Eskay-type (As, Sb, Hg) pathfind
Slide 55: SIB Property: Corey and Mitchell North Block
SIB Property: Target generation for the 2018 summer drill program at the SIB property is well underway. It will systematically test the extensive and favourable Eskay stratigraphy to the west and south of the 2017 drill area for precious metals enriched VMS mineralization. Corey and Mitchell North B
Slide 56: Summary of property and discovery potential
Eskay Mining Corp. holds a large very prospective property (> 130,000 acres) with numerous exciting exploration targets and many areas which remain underexplored. The property is located in a politically stable jurisdiction in the heart of British Columbia’s mineral-rich Golden Triangle. World
Slide 57: Large Land Package with Potential to Hide and Host Elephants
Large Land Package (130,000 acres) with the Potential to Hide and Host Elephants: Neighbouring Eskay Creek Mine, KSM-Iron Cap Deposits, Brucejack (VOK) Mine, and E&L. • Eskay Mining’s large land package hosts a number of excellent exploration targets and much of it remains underexplored. Numerous sh
Slide 58: Thank You
For Further Information Contact: Mac Balkam, President & CEO – 416.907.4020 Charles Greig, M.Sc., P.Geo., Consultant – 250.492.2331 58 Thank You