Eskay Mining Corp. (TSXV:ESK) believes they may have discovered Eskay Creek 2.0, which Bob Moriarty thinks could be even larger than the original Eskay Creek precious metals project
Capital Ideas Media | March 3, 2021 | SmallCapPower: British Columbia’s Golden Triangle region is home to some notable gold discoveries (Pretium Resources’ BruceJack Mine and Seabridge Gold’s KSM project), but none more famous than Barrick Gold’s past-producing Eskay Creek Mine, which was North America’s highest grade gold producer between 1994 and 2008, with an average grade of 45.6 grams per tonne (g/t) gold and 2,231 g/t silver.
(Originally published on Capital Ideas Media on January 12, 2021)
According to long-time mining newsletter writer Bob Moriarty, the people behind Eskay Mining Corp. (TSXV:ESK) believe they may have discovered Eskay Creek 2.0, which Moriarty thinks could be even larger than the original Eskay Creek precious metals project if the Jeff and the TV targets join up as the technical data suggests.
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Drill results released on December 22, 2020, included 5.1 meters grading 31.23 g/t gold and 138.1 g/t silver.
Moriarty noted that all nine holes reported hit mineralization, while assays from another 11 holes are expected to be released by the end of January. He believes that although the project is still at an early stage, “nobody ever hits nine holes in a row without being onto a hell of a project.”
Moriarty added that once there are enough holes to determine continuity there should be plenty of interest from the mining majors.
The TV and Jeff targets are located on grounds included in a joint venture Eskay Mining has with Kirkland Lake Gold, with Kirkland Lake holding a 20% interest.
It must be said, once again, that Eskay Mining shares are considered a high-risk speculation that could involve the loss of some, or most, of one’s capital.
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