Eskay Mining Corp. Identifies VTEM Conductors and Coincident Cu -Ni Geochemical Anomalies Near Claim Boundaries with Garibaldi and Metallis
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NEWS RELEASE
FOR IMMEDIATE RELEASE: SEPTEMBER 18, 2018
Eskay Mining Corp. Identifies VTEM Conductors and Coincident Cu -Ni
Geochemical Anomalies Near Claim Boundaries with Garibaldi and Metallis
Toronto, September 18, 201 8 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX -
V:ESK) (OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) is pleased to release the
results of an extensive (136 km 2) VTEM survey on its Corey property, along its
boundary with properties to the west held by Garibaldi Resources and Metallis
Resources. The survey also covered Eskay’s Red Lightning Ni -Cu trend in the same
area ( see News Release dated June 12, 2018 ). Three distinct VTEM anomalies
deemed worthy of immediate follow -up were identified. The “White Whale anomaly”
occurs along strike of Garibaldi Resources’ E&L occurrence and VTEM Anomaly A.
The “Cascade anomaly” is ad jacent to Metallis Resources’ Thunder North zone, which
is coincident with a series of easterly trending gossans that continue onto the
Company’s ground. The Sweet Virginia anomaly occurs along the Red Lightning Ni -Cu
trend, within the Company’s 100% owned ground (Figures 1 and 2).
Preliminary fieldwork has been carried out at all VTEM conductors. The area
surrounding the White Whale anomaly is steep and partially covered with ice, but
samples of talus fines returned highly anomalous Cu values ranging f rom 291 to 571
ppm, and a grab sample from an argillite horizon containing disseminated pyrite and
chalcopyrite returned 0.55% Cu. Prospecting and stream sediment sampling along
creeks draining the Cascade anomaly returned values of up to 351 ppm nickel, and a
sample of float collected from a large boulder from within the most consistently
anomalous drainage returned 817 ppm copper and 270 ppm Ni (Figure 2). The boulder
appears to have fallen from the bluffs above, which could not be accessed from the
drainage. Soil geochemical sampling at the Sweet Virginia anomaly outlined a
northwest trending geochemical anomaly which yielded gold and silver values ranging
up to 182 ppb and 7.4 ppm, respectively, with copper and zinc support.
The Company’s President an d CEO, Mac Balkam, commented: “The results of the
VTEM survey and our preliminary fieldwork are very encouraging, particularly along the
western border of the claims, where only limited previous work had been undertaken.
We look forward to following -up th ese targets shortly, once the final VTEM data is
processed and fully interpreted, and to completing further fieldwork to fully define drill -
ready targets”.
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4605
W: eskaymining.com
A total of 78 soil, 29 silt and 9 rock samples were delivered to ALS Global’s preparation
facility in Terrace BC for precious metal and multi-element analysis. ALS Global in North
Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and
accredited to ISO / IEC 17025:2005 from the Standards Council of Canada.
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.
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 2 2, 2018. For
further information regarding Eskay Mining Corp.’s prospects and showings at the
Corey property, see the Company’s corpo rate 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 known as the Eskay Rif t 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 4605
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
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82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4605
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statements reflect our current views with respect to future events and are subject to
risks and uncertainties. Many factors could cause our actual resul ts 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 exploratio n 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 forwar d 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 req uired 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
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Figure 1: Eskay Mining Corp. claims with 2018 VTEM survey area and identified coincident
geochemical and conductivity anomalies
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Toronto, ON M5C 1P1
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Figure 2: Colour Map of Sfz30 conductance (mid time channel response, Red = relative
conductance high, blue = low) and identified anomalous zones.