Friday, June 09, 2023
Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Location, location, location. Eskay Mining is focused on the exploration and development of precious metal volcanogenic massive sulfide (VMS) targets along the Eskay rift in a region of northwest British Columbia known as the Golden Triangle. The company’s Eskay precious metal rich VMS project encompasses 52,600 hectares, or 26 square kilometers, of highly prospective property within proximity to several world class gold deposits, including the adjacent past-producing Eskay Creek Mine, a high-grade gold-silver rich VMS deposit considered among the world’s most precious metal-rich volcanogenic massive sulfide deposits.
2023 drill program. The 2023 drill program will focus on newly identified geophysical targets at Maroon Cliffs and Hexagon Mercury, along with additional work at Tarn Lake, TV and Cumberland. In total, we expect the program will entail roughly 6,000 to 7,000 meters of drilling.
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