Eskay Mining Commences its 2021 Drill Campaign on Its 100% Owned Consolidated Eskay Precious Metal-Rich VMS Project
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NEWS RELEASE
FOR IMMEDIATE RELEASE: June 28, 2021
Eskay Mining Commences its 2021 Drill Campaign on Its 100%
Owned Consolidated Eskay Precious Metal-Rich VMS Project
Toronto, June 29, 2021 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK) (OTCQB:
ESKYF) (Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce that it has commenced its 2021 drill
campaign at its 100% owned Consolidated Eskay precious metal-rich volcanogenic massive sulphide
(“VMS”) project in the Golden Triangle, British Columbia (Figure 1). This summer, the Company plans to
drill at least 30,000 m of diamond core at multiple targets across its 526 sq km of land holdings
commencing with focussed drilling at the Jeff and TV targets to follow up on encouraging gold-silver
mineralization, some high-grade, encountered by 18 of 20 holes completed in 2020. This is the most
aggressive drill campaign yet conducted by Eskay Mining.
One of the first areas to be tested is down dip from hole J20-33 which encountered a high-grade interval,
35.5 m grading 9.5 gpt Au and 70 gpt Ag (10.6 gpt Au eq) . Eskay’s interpretation of this mineralization
is that it formed in a sub sea floor regime, perhaps a feeder to an exhalative VMS system higher in the
stratigraphy of the immediate area. Similar drilling will soon take place at TV where hole TV20-40
encountered a similar style of mineralization grading 3.2 gpt Au and 25.7 gpt Ag (3.6 gpt Au eq) over
29.92 m.
Eskay has identified numerous potential sulphide targets in areas between Jeff and TV, along 6 km strike
to the north and south and in stratigraphically higher positions where exhalative mineralization is expected
to occur. Additionally, the Company is currently finishing a SkyTEM airborne electro-magnetic survey over
the rest of the Eskay project to identify additional sulphide targets (Figure 2). Preliminary results from the
northern half of this survey indicate multiple robust targets are present, some closely associated with
strong stream sediment Au anomalism. Data processing is ongoing and the Company expects to be in a
position to present findings from the northern half of the survey area sometime in the next few days.
Completion of the entire SkyTEM survey is expected over the next few weeks.
“Eskay Mining has commenced the most aggressive drill campaign in the Company’s history,” commented
Dr. Quinton Hennigh, director and technical advisor to Eskay Mining. “We have immediate high priority
drill targets to follow up at Jeff and TV, but we are seeing many more emerge from our ongoing SkyTEM
survey. While we have solid plans to drill at least 30,000 meters with four drills this season, we will be
prepared to ramp up this program if necessary. By the end of 2021, we would like to have a good handle
on the size and magnitude of the Jeff and TV zones, but we also aim to make further, similar discoveries
in this target-rich environment. This will be a very exciting season of discovery for Eskay Mining.”
Dr. Quinton Hennigh, P . Geo., a Director of the Company and its technical adviser, a qualified person as
defined by National Instrument 43-101, has reviewed and approved the technical contents of this news
release.
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
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 along the Eskay rift in a highly prolific region of northwest British Columbia known as the
“Golden Triangle,” approximately 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: [email protected]
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: 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.
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
(Figure 1: Commencement of core logging at the Eskay precious metal-rich VMS project.)
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
(Figure 2: SkyTEM survey equipment being flown over Eskay’s project area.)