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Eskay Provides Update on Operations
Published : April 11, 2011
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TORONTO, ONTARIO--(Marketwire - April 11, 2011) - ESKAY MINING CORP. ("Eskay" or the "Company") (News - Market indicators)(FRANKFURT:878 985)(BERLIN:878 985) is pleased to announce that it has been advised by St Andrew Goldfields that it has earned a 70% undivided interest in the SIB Property at Eskay Creek, British Columbia. This property encompasses 33,000 Hectares immediately adjacent to the prolific Eskay Creek mine owned by Barrick Gold. Combined with Eskay's 100% owned Corey Property to the south, we control 46,000 Hectares or approximately 130,000 acres. Eskay has posted the 2010 Geological Report relating to the results of the 2010 exploration program, announced in the press release issued November 22, 2010, to our web site.

Further, Eskay has advised SAS that pursuant to the 2008 Option Agreement between the two companies, it will increase its interest to 80% this year. The Option Agreement called for expenditures on exploration of $4 Million as well as cash and share payments to SAS. Once Eskay has earned its 80% interest, the two companies will operate an 80/20 joint venture with Eskay as the operator.

Operationally, Mira Geosciences has almost completed a full 3D model to encompass the entire data base on both the SIB and Corey Properties. This model uses all airborne geophysics together with surface sampling and drill hole information. Diagnos Inc has completed inputting all of this same data to work with their proprietary Cards software program. Both companies are interfacing to provide a complete picture of our opportunity. The past focus of the Company has been on the pursuit of Eskay Creek style VMS mineralization. While this continues to remain a priority for the Company, Eskay is now exploring the possibility of a large bulk tonnage low grade deposit much like other resource companies in the area are defining.

To oversee the geophysical aspects of the Company's exploration program, Eskay is pleased to announce that it has retained Mr. Tom Weis. Tom was formerly the Chief Geophysicist at Newmont Mining Inc. His experience is a welcome addition to the new geological team constructed at Eskay Mining.

We lost a good friend and colleague in Dr. Art Ettlinger in February. Art had joined our Geological Advisory Board in December 2010. He had vast experience in mining exploration including two seasons at the Eskay Creek Mine during the early 1990's. We will miss his friendship and counsel. However, Joanna Ettlinger, Art's wife, is an experienced field geologist who recently completed a Ph.D in Geology from the University of Western Australia and has agreed to remain on our Geological Advisory Board and head up logistics of our upcoming field season. To assist Joanna in our planning, we have contracted P & E Mining Consultants of Brampton. Their experience is utilized by many large mining firms around the world. Their knowledge of our area stems from having supplied a major 43- 101 report for one of our neighbour companies.

As well, we have supplied our comprehensive data package to our other Geological Advisory Board members, Chet Idziszek and David Mallo. These men were credited with being the geologists who uncovered the Eskay Creek Mine. Chet won the prestigious Mining Man of the Year award for these efforts.

Mac Balkam, President and CEO stated: "It takes a great team of people, large amounts of science and of course some luck to uncover a major deposit. Eskay has put together a team of competent people, who know our exploration area and have been involved in major discoveries. Details of our upcoming field season will follow as plans unfold."

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Eskay Mining Corp.
Mac Balkam
CEO/ President and Director

Eskay Mining Corp.

ISIN : CA2964371066
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Eskay Mining Corp. est une société d’exploration minière basée au Canada.

Eskay Mining Corp. est productrice d'argent, de cuivre, d'or, de plomb et de zinc au Canada.

Son principal projet en production est ESKAY CREEK au Canada.

Eskay Mining Corp. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 198,7 millions CA$ (158,8 millions US$, 139,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 28 août 2015 à 0,01 CA$, et son plus haut niveau récent le 12 février 2021 à 3,14 CA$.

Eskay Mining Corp. possède 107 380 000 actions en circulation.

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Financements de Eskay Mining Corp.
29/04/2013Closes Financing and Adds Advisory Team Member
15/04/2013Closes First Tranche of Financing
Communiqués de Presse de Eskay Mining Corp.
23/12/2015Eskay Announces the Appointment of Corporate Secretary and G...
15/12/2015Eskay Announces Grant of Options
03/02/2015Eskay Announces Grant of Options
19/11/2014Eskay Announces Grant of Options and Additions to Advisory T...
08/04/2014Eskay Provides Update
25/01/2013Announces Grant of Stock Options
23/01/2013Earns 80% Interest in SIB Property
11/04/2011Provides Update on Operations
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