Eskay Mining sells 5 mining claims to Skeena Resources
1
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
NEWS RELEASE
FOR IMMEDIATE RELEASE: July 10, 2022
Eskay Mining sells 5 mining claims to Skeena Resources
Toronto, July 10, 2023 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK) (OTCQX:
ESKYF) (Frankfurt:KN7)(WKN:A0YDPM) wishes to announce that it has sold 5 mining claims (the
“Claims”) in the Golden Triangle area of BC to Skeena Resources Limited (“Skeena”) in consideration for
aggregate cash payments of $4 million. The initial consideration of $2 million was paid to Eskay on
closing, a further $1 million is payable on October 31, 2023 and the final $1 million payment is payable on
December 31, 2023. Eskay retains a 2% net smelter returns royalty (the “Royalty”) in the Claims. Skeena
can purchase 50% of the Royalty at any time for $2 million. In addition, Eskay will not be required to pay
any road use fees to Skeena for its use of the Eskay Creek Road for the five year period ending December
31, 2027, provided that its road use those years is consistent with its road use in 2022. Four of the Claims
are north and west of the Skeena Eskay Creek Project and one of the Claims is adjacent to the west side of
the Skeena Eskay Creek Project.
The Company also wishes to announce that, further to its press release of May 18, 2023, the Eskay
exploration team has been mobilized to the camp and is preparing for the 2023 exploration and drilling
season at the Company’s Consolidated Eskay Project, Golden Triangle, BC.
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,” 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this
area comprised of 177 claims (52,600 hectares).
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]
2
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.