Volcanogenic massive sulfide deposits in the Golden Triangle
Eskay Mining is focusing on exploration for volcanogenic massive sulfide (VMS) deposits. They do so along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle”.
Two major deposits have been discovered along Eskay’s borders in the Golden Triangle. Pretium Resources Inc. to the east commercially began production the summer of 2017 at its BruceJack Mine. Secondly, Seabridge Gold to the direct east adjoining Eskay, with its KSM project. This is one of the largest undeveloped gold projects in the world measured by reserves.
“We know of multiple world-class deposits in our immediate vicinity. We’re looking for a new high-grade VMS deposit. We’re going to be able to focus on that this year in our exploration efforts.” , says Technical Advisor, Dr. Quinton Hennigh.
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Eskay entered a joint venture with SSR Mining Inc. (formerly Silver Standard Resources Inc.) to explore the SIB property. Additionally, SSR has an option to earn up to a 60% undivided interest in the 4,400-hectare SIB property by spending an aggregate of $11.7 million in exploration expenditures over three years. This represents less than 9% of its total landholdings. Further, the J.V. is targeting precious metal-enriched massive sulfide deposits with its’ 2017 drill program of 6,000 – 9,000 metres on the SIB property in northwestern British Columbia. Moreover, drilling is 4 km from Barrick Gold’s former producing Eskay Creek Mine, which was North America’s highest-grade gold producer between 1994 and 2008. Markedly, this mine produced over 3 million ounces of gold and nearly 160 million ounces of silver from 2.2 million tonnes of ore.
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