For thousands of other reports visit RSC's Mineral Intellingence Map
Eskay Mining Corp.
Summary
| Project: | SIB | |
|---|---|---|
| Deposit: | SIB | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 10/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-10-2017: Eskay Mining Corp. announces an Exploration/Drilling Update report for its SIB deposit at the SIB project. JV with SSR Mining - Drilling results incl. 1.51m @ 2.25ppm Au, 0.5ppm Ag from 672.49m. Toronto, October 19, 2017 – Eskay Mining Corp. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles J. Greig (Internal) | |
| ABSTRACT: | Toronto, October 19, 2017 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK) is pleased to announce the completion of a 9,336 m, 12 hole diamond drill program on its SIB property. SSR Mining Inc. (formerly Silver Standard Resources Inc.) (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) has the option to earn a 51% undivided interest in the property 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 26th, 2017 news release). The 2017 drill campaign was completed by SSR Mining to satisfy its commitment to spend $3.7 million over the first year of the option. The property under option to SSR Mining represents approximately 9% of the Company’s land package in the Golden Triangle in British Columbia. The drill program was designed to test for precious metals enriched massive sulphide mineralization and prospective lithologies beneath the Coulter Creek Thrust Fault (CCTF), immediately south-southwest along strike from Barrick Gold Corporation’s (“Barrick”) past-producing Eskay Creek mine. The CCTF is a north-south trending, east dipping structure that separates Eskay rhyolite and interbedded sedimentary rocks of the Salmon River Formation to the east, from Bowser Lake Group sedimentary rocks to the west (figs. 1-3). Ten drill holes targeted CCTF footwall rocks, while two holes targeted a potential northern extension of known mineralization in the CCTF hanging wall (LULU Zone). Holes testing the CCTF footwall were drilled on 100-250 m centers over a strike length of approximately 1 km on a north-south trend. Hanging wall holes were drilled off a single pad approximately 150 m to the northeast of the LULU Zone. Bore-Hole-Transient-Electro-Magnetic (BHTEM), IP, magnetic and optical televiewer surveys were performed upon the completion of drill holes. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report