Eskay Mining discovers two VMS deposits, shares up
Credit: Eskay Mining Corp.
Eskay Mining (TSXV: ESK) has confirmed the discovery of two precious metal-rich volcanogenic massive sulphide (VMS) deposits at the TV and Jeff targets, located on joint venture ground held with Kirkland Lake Gold.
These showings are part of a group of prospects located near the 33,000-hectare SIB property adjoining Skeena Resources’ Eskay Creek mine, which was acquired from Barrick Gold earlier this year. The SIB property is 80% owned by Eskay Mining and 20% by Kirkland Lake.
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While the two targets are approximately 1.8 km apart, the company is interpreting these to be separate systems. However, a recent geophysical survey suggests strong continuity of stratigraphy along this segment of the east limb of the Eskay anticline, so it is conceivable that the discoveries are actually connected and part of a larger approximately 6 km long corridor, along whi
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