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TORONTO, ON / ACCESS Newswire / February 20, 2025 / Eskay Mining Corp. ("Eskay" or the "Company")(TSXV:ESK)(OTC PINK:ESKYF)(Frankfurt:KN7)(WKN:OYDPM) is pleased to announce its 2025 prospecting and mapping program at two high-value targets, the TV Zone and the C10-Vermillion-Ted Morris (TM) trend. This work is expected to bring both targets to drill readiness with the possibility of executing a limited drill campaign this coming season.
Mac Balkam C.E.O. & President commented "Our 2024 prospecting program was commissioned to establish a short list of high-value targets for follow up work in 2025. Assay results from 2024 prospecting surpassed expectations, and in particular, revealed high-grade outcrop gold and silver results along a 4km stretch of the C10-Vermillion-Ted Morris trend now considered a very promising prospective drill target. Our initial drilling success from 2020 through 2022 at TV revealed a high-grade gold stockwork feeder for a VMS system. We remain convinced that locating the seafloor position above this will lead to a major VMS discovery."
In early July, 2025, Eskay's team will continue prospecting along the 4 km C10-Vermillion-Ted Morris trend to follow up on the 2024 discovery of numerous high-grade quartz-carbonate-sulfide veins and stockwork veining in shear zones. Sampling here yielded Au and Ag grades as high as 205gpt and 371gpt, respectively. At C10-Vermillion, copper accompanies gold and silver suggesting the possibility that these veins may be rooted in a porphyry at depth. Results from Ted Morris are similar to those at C10-Vermillion but with less copper. Encouragingly, a sequence of flat stacked veins was discovered at Ted Morris. See link for 2024 Prospecting Results https://eskaymining.com/news/news-releases/eskay-minings-boots-on-the-ground-campaign-yiel-9576.
Eskay Mining believes its 2025 campaign including possible drilling of these high-value targets could lead to a significant discovery. The C10-Vermillion-Ted Morris trend situated in the southern part of the Consolidated Eskay Property lies approximately 9 km due west of Newmont's Valley of the Kings mine purchased in 2021 for $2.8 Billion U.S.
Eskay's exploration team will return to the TV Zone for a 5th season in pursuit of "Eskay II." To date, TV is primarily and extensive high-grade VMS stockwork. The proper seafloor position where a VMS deposit might reside has yet to be discovered and remains an important target. Balkam re-enforced "we believe locating the seafloor at TV could result in a discovery like the 21B zone that lead to the discovery of the prolific Eskay Mine. We hope to make our own "hole 109" discovery."