Eskay Mining Corp. Announces Completion of 2018 Drill Program at SIB
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Toronto, ON M5C 1P1
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NEWS RELEASE
FOR IMMEDIATE RELEASE: OCTOBER 19, 2018
Eskay Mining Corp. Announces Completion of 2018 Drill Program at SIB
Toronto, O ctober 1 9, 2018 - Eskay Mining Corp. (“Eskay” or the “Company”)
(TSX-V:ESK) (OTC -PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) is pleased to
announce the completion of a 9,134 m, 11 hole diamond drill program on its SIB
property, funded by SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“ SSR Mining”).
The program was designed to test for precious metals -enriched VMS mineralization in
the extensive and relatively under -explored stratigraphy beneath the Coulter Creek
Thrust Fault (CCTF), correlative with that at the nearby Eskay Creek deposit (Figure 1).
To date, only 521 geochemical samples out of a total of 1665 have been analyzed .
Results will be released when all samples have been analyzed and interpreted. Full
interpretation of the geology in the area is currently under review and awaits finalized
data from down hole optical and acoustic televiewer surveys, and from the borehole
electromagnetic and 3D induced polarization geophysical surveys conducted during the
program. These will all aid in fully defining the geometry of the favourable stratigraphy,
and in outl ining drill targets. The additional geochemical samples are in the queue at
ALS-Global Laboratories, which is independent from the Company, with sample
preparation carried out at the ALS facility in Terrace, BC, and assays conducted at their
North Vancouver laboratory.
SSR Mining has the option to earn a 51% undivided interest in the SIB property from the
Company by spending an aggregate of $11.7 million in exploration expenditures over
three years with an option to earn a further 9% undivided interest by either delivering a
preliminary economic assessment or completing an aggregate of 23,000 meters of
diamond drilling (See April 26 th, 2017 news release). The property under option to SSR
Mining represents approximately 9% of the Company’s land package in t he Golden
Triangle of northwest British Columbia.
Charles J. Greig, P. Geo., a member of the Company’s Advisory Team, is a Qualified
Person under the definition of National Instrument 43 -101. Mr. Greig has reviewed and
approved the technical information in this press release.
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4605
W: eskaymining.com
Figure 1: Plan view map of 2018 and 2017 SIB property drill holes.
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4605
W: eskaymining.com
For further information regarding the SIB property, see the Company’s Press
Releases of October 17, 2016, August 8, 2016, May 9, 2016 and January 22, 2018. For
further information regarding Eskay Mining Corp.’s prospects and showings at the
Corey property, see the Company’s corporate presentation entitled “April 2018 Property
Review and Targeting”.
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 in British Columbia in a
highly prolific, poly metallic area kn own as the Eskay Rift Belt located in the “Golden
Triangle”, 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]
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
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4605
W: eskaymining.com
interest rate fluctuations, increased competition and general economic and market
factors, occur or should assumptions underlying the forward looking statements prove
incorrect, actual resul ts may vary materially from those described herein as intended,
planned, anticipated, or expected. We do not intend a nd 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.