Thoughts on the 2023 Drilling Program

Highlights from the 2022 Drill Program

Multiple Volcanogenic Massive Sulfide (VMS) Targets Discovered Across Scarlet Ridge

Multiple Precious Metal VMS Discoveries Underscore District-Scale Potential

Mark Reichman

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Basic Materials

Metals & Mining

Eskay Mining Corp.

Take-Aways from the 2022 Drill Program 
 
The 2022 exploration program focused on identifying new precious metal-rich volcanogenic massive sulphide (VMS) deposits, often found in district scale clusters, across the Consolidated Eskay project. Much of the focus was on defining the extent of VMS systems along the eastern and western limbs of the Eskay Anticline. Eskay Mining completed 29,500 meters of diamond drilling along the TV-Jeff corridor and along the Scarlet Ridge-Tarn Lake trend.
Map of the Eskay Anticline
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/ESKYFDec2022b.JPG" style="width: 525px;height: 465px;float: none" />
Source: Eskay Mining Corp.
Eskay Mining released assay results for 42 holes drilled along the TV-Jeff corridor, including north of the Jeff deposit. Assays returned from holes completed in areas close to the TV deposit yielded significant intercepts of gold and silver mineralization. Wide-spaced drilling approximately 800 meters north of Jeff encountered a new zone of mineralization that yielded high-grade gold and silver values, some within longer intervals of lower grade mineralization. The company is awaiting assay results from maiden drilling in the Scarlet Valley-Tarn Lake area where several new VMS targets were drill tested in 2022.
Based on work to date, it appears that TV and Jeff are components of a larger trend of VMS mineralization extending at least 3.5 kilometers along strike along the eastern flank of the Eskay Anticline. Work to date suggests a link between the TV-Jeff system on the east side of the Eskay Anticline with SIB-Lulu on the western limb of the anticline. Significant potential exists in other areas along the western limb of the Eskay Anticline, including at the Excelsior target.&#8212;&#8212;&#8212;- page break &#8212;&#8212;&#8212;-
 Capital Structure and Liquidity
As of August 31, 2022, the company reported cash and cash equivalents in the amount of C$10,369,463. Current liabilities included a loan in the amount of C$2,658,316.

Eskay Mining Corp. (ESK:CA)

Highlights from the 2022 Drill Program

Fundamental Analysis:

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Thoughts on the 2023 Drilling Program (ESK:CA)

Highlights from the 2022 Drill Program (ESK:CA)

Multiple Volcanogenic Massive Sulfide (VMS) Targets Discovered Across Scarlet Ridge (ESK:CA)

Multiple Precious Metal VMS Discoveries Underscore District-Scale Potential (ESK:CA)

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