Eskay Mining Corp (TSX-V:ESK, OTCQX:ESKYF) has announced exploration plans for 2023 at its Consolidated Eskay project in British Columbia’s Golden Triangle region, noting that it has identified “multiple new compelling” drill targets through proprietary processing of detailed magnetics data provided by Riaz Mirza and his team at Simcoe Geosciences.
The mineral exploration and development company said exploration plans also include further geological work and potential drilling at previously identified areas including the newly discovered Volcanogenic Massive Sulphide (VMS) system at Scarlet Knob and Tarn Lake.
“I believe we are on the right path to the discovery of Eskay Creek V2.0,” Eskay Mining Corp (TSX-V:ESK, OTCQX:ESKYF) CEO Mac Balkam said in a statement.
“Simcoe Geoscience's modelling results of detailed magnetics data clearly show that we have several targets across our property that bear strong resemblance to the distinct patterns evident at the Eskay Creek Mine (ECM),” he added.
Balkam also noted that the company intends to use its current cash reserves, cut infrastructure commitments, and seek non-dilutive sources of financing until the capital markets environment improves, but he remains confident that the 2023 exploration will be financed.
The company added that primary new drill targets include Maroon Cliffs, located a few kilometers due east of the ECM, and Hexagon Mercury, located a few kilometers directly south of the ECM, both of which display remarkable geophysical likeness to the Eskay Creek deposit.
Eskay Mining is focused on the exploration and development of precious metal volcanogenic massive sulfide targets along the Eskay rift in a prolific region of northwest British Columbia known as the Golden Triangle.
Contact Sean at sean@proactiveinvestors.com