Eskay Mining Updates Summer Exploration Program and Company Plans
1
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
NEWS RELEASE
FOR IMMEDIATE RELEASE: August 26, 2024
Eskay Mining Updates Summer Exploration Program and Company Plans
Toronto, August 26, 2024 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK) (OTCQX:
ESKYF) (Frankfurt: KN7) (WKN: A0YDPM) wishes to announce that its summer exploration program,
as reported in a Company press release dated June 24 th, 2024, has been completed. Geologist Ken
McNaughton, leader of the team at Pretium Resources during the discovery of the Brucejack deposit, led
Eskay’s 2024 program and reported that he and his team are pleased that much of this summer’s ground
truthing has led to significant insight into the property’s potential as well as targets for future drilling and
other exploration.
McNaughton and team explored areas including Storie Creek, Scarlett Knob, Tarn Lake south to Tarn Creek,
C-10 extending along the margin of Mandy Glacier, Vermillion and areas parallel to Mandy Creek, Maroon
Cliffs, SIB/Lulu, TV , Cumberland and Ted Morris. Particular focus was given to ground review of historical
high grade rock chip samples. During the summer program, 363 rock samples were collected and submitted
to the laboratory for analysis. Assay results are expected back by early September and are anticipated to aid
in identifying future drilling targets.
The Company, pending completion of its database update, expects to engage an independent resource
modeler to prepare a maiden resource estimate for its 100% controlled TV , Jeff and SIB/ Lulu deposits.
Mac Balkam, CEO & President of Eskay Mining, stated, “Because of the recent depressed market for mineral
exploration companies, we decided to be financially prudent and hold off on undertaking a drill program this
season. McNaughton’s team, with the new data gained from this summer’s program, thinks that Eskay
Mining can pursue an aggressive exploration and drilling program in 2025 once capital markets have
improved. Our keen financial management has left us in the strong position of having over $2.5 million in
cash, cashable instruments and government resource credits at a time when the exploration industry is
generally cash starved.”
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.
About Eskay Mining Corp:
2
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
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]
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.