130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden...

35
PLANNING FOR DISCOVERY 130,000 ACREAS IN THE HEART OF BRITISH COLUMBIA’S GOLDEN TRIANGLE PRELIMINARY 3D TARGET AND LITHO- STRUCTURAL MODEL COMPLETED NEW HIGH QUALITY LARGE SCALE COPPER-GOLD PORPHYRY AND HIGH GRADE GOLD EPITHERMAL TARGETS A GOLDEN OPPORTUNITY J. Rogers August 2014

Transcript of 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden...

Page 1: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

PLANNING FOR

DISCOVERY

130,000 ACREAS IN THE HEART OF

BRITISH COLUMBIA’S

GOLDEN TRIANGLE

PRELIMINARY 3D TARGET AND LITHO-

STRUCTURAL MODEL COMPLETED

NEW HIGH QUALITY LARGE SCALE

COPPER-GOLD PORPHYRY AND HIGH

GRADE GOLD EPITHERMAL

TARGETS

A

GOLDEN

OPPORTUNITY

J. Rogers August 2014

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Legal Statement The data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be

reliable. No information in this presentation is to be construed as an offer to buy or sell securities.

Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results

to differ materially. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral

resource statements and exploration program performance. They may also include statements with respect to Eskay Mining's mineral

discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend",

"estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events

affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration

programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration,

litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational

difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully

and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update

or revise forward-looking information, whether as a result of new information, future events or otherwise. The reader agrees to hold the

Company and its subsidiaries, and their respective officers, employees and agents harmless against any claims for damages or cost or any

loss of any kind arising out of the access to or use of this presentation or any information contained in or obtained through this presentation.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use

the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and

required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral

Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that

all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral

Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or

any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also

cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

James Rogers, P.Geo. is a qualified person as defined by NI43-101 and has reviewed the contents of this presentation.

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Eskay Mining Corp. (ESK.V) is a pure exploration play that controls some 130,000 acres

surrounding Barrick Gold Corporation's prolific Eskay Creek Mine in British Columbia, Canada.

Annual production for this mine was 320,784 ounces of gold along with 15.5 million ounces of

silver.

Over the last several years, Eskay’s large land position in the aptly named Golden Triangle has

incurred “first pass” geological work focused on finding another shallow, VMS, Eskay Creek Mine

deposit. The recent discovery of the large world class copper-gold porphyry Deep Kerr deposit of

Seabridge Gold beside our eastern border and the over eight million ounce high grade epithermal

gold deposit of Pretium Resources further to the east, combined with the previous geological work

on the ESK ground have been used to create a 3D geological model and outline high percentage

targets. Multiple new phorphyry and epithermal targets with high grade metals inclusive of gold,

silver, copper, zinc, nickel, cobalt and PGM’s have been discovered. This model is being utilized to

attract a major joint venture partner to build on our geological ideas.

Eskay has retained the services of James Rogers, who was the chief geologist at the previous

Eskay Creek mine for almost ten years. He is responsible for defining the geological exploration

plans going forward.

The geophysical specialist consulting to Eskay is Tom Weis, formerly the chief geophysicist with

Newmont mining. Tom designed the deep geophysical project which Eskay undertook in 2011 at

the project.

Eskay is also assisted by P&E Mining Consultants of Brampton, Ontario who have extensive

consulting experience within the mining industry.

Eskay management owns approximately ten per cent of the issues shares of the company

and is totally aligned with shareholders to create shareholder value.

Eskay Snapshot

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Hugh M. (Mac) Balkam, President/CEO, Director - Mr. Balkam served 13 years with the RCMP, many of those involved

in the investigation of stock market related fraud. In 1981, he become a financial consultant with a major brokerage firm, where he

managed investments for retail clients. Since 2004, Mr. Balkam has been involved in raising venture capital and consulting for junior

mining companies. In that capacity, he served as a consultant for the Company, assisting in it's past capital raising and market

awareness programs. Mr. Balkam holds a BA from the University of Toronto.

Carmelo Marrelli, Chief Financial Officer - Mr. Marrelli serves as the Corporation’s Chief Financial Officer. Mr. Marrelli

holds a Bachelor of Commerce degree from the University of Toronto and is qualified as a Chartered Accountant and as a Certified

General Accountant in Canada. In addition to acting as the Corporation’s Chief Financial Officer, Mr. Marrelli has been a principal of

Marrelli Support Services Inc., a firm providing administration services to Canadian public companies, since February, 2009 and, prior

to February, 2009, a partner with Marrelli & Drake Corporate Services (formerly Duguay & Ringler Corporate Services) (a firm providing

administration services to Canadian public companies). Mr. Marrelli also serves as the Chief Financial Officer of several publicly-listed

junior mining companies and as a director of Odyssey Resources Limited (TSX-V: ODX).

Robert Myhill, Director, Audit Committee Head & Compensation Committee - Mr. Myhill is the Chief

Executive Officer and Chairman of ThinDesk Inc., an IT Managed Services company. He is a director of six privately held companies

operating in transportation and venture capital in B.C., Alberta and Ontario. From 1991 until 2006, Mr. Myhill was the President of

Canadian Investors Corporation, an investment company focused on financing corporate re-organizations. Mr. Myhill actively

participated in directorship and management of the investee companies. From 1985 to 1991, he invested in and raised capital for small

companies in Ontario. From 1976 to 1984, Mr. Myhill was President of national companies within Southam Inc. Group and Jim Pattison

Industries. He earned an HBA and MBA from the Ivey School of Business Administration at the University of Western Ontario and

qualified as a Chartered Accountant with Price Waterhouse.

J. Gordon McMehen, Director, Compensation Committee Head & Audit Committee - In 2000, Mr.

McMehen co-founded Conundrum Capital Corporation, a private equity real estate fund management firm which today has several

sectoral real estate funds under its administration. Mr. McMehen now serves as Chairman of Conundrum Capital Corporation. From

1998 to 2000, Mr. McMehen served as Executive Vice-President, Chief Operating Officer and director of Central Park Lodges Ltd.,

helping to manage one of North America’s pre-eminent providers of seniors housing, long-term care and ancillary health care services.

At the law firm of Gardiner Roberts, Mr. McMehen practiced corporate and commercial law from 1978 to 1998, specializing in mergers

and acquisitions, corporate structure and finance. He acted as Managing Partner of the firm from 1994 to 1998. Mr. McMehen

completed his undergraduate studies at the University of Toronto in 1972 and obtained an LL.B from the University of Ottawa in 1976.

He was called to the Ontario Bar in 1978, and is a member of the Law Society of Upper Canada.

People: Directors and Officers

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P&E Mining Consultants Inc. is an established geological and mine engineering consulting firm specializing in the

areas of NI 43-101 geological reports, resource estimate technical reports, preliminary economic analysis and pre-feasibility

studies. In addition, the are affiliated with major Toronto based consulting firms for the purposes of joint-venturing with them in

completion of definitive feasibility studies. Their experience covers diamonds, GMS and iron for both open pit and underground

deposits. Software packages utilized include Gemcom, Surpac, MineSight, Whittle, AutoCad, Photoshop, Corel Draw,

Illustrator, Excel and Word.

P&E Mining Consultants’ staff and associates have experience in geological interpretation, 3D geologic modeling, technical

report writing, resource and reserve estimates, property evaluations, mine design, production scheduling, operating and capital

cost estimates and metallurgical engineering.

P&E Mining consultants inc. operates under certificates of Authorization:

•Association of Professional Geoscientists Ontario

•Professional Engineers Ontario

•Association of Professional Engineers and Geoscientists Saskatchewan

•Professional Engineers and Geoscientists Newfoundland and Labrador

James A. Rogers, P. Geo - Mr. Rogers is a registered Professional Geoscientist (Ontario & BC) with over 30 years of

experience in the Canadian mining industry. Until recently, Mr. Rogers was a Director, President and CEO of Mega Precious

Metals Inc. and prior to that, he was the Regional Exploration Manager for Goldcorp Inc. located in Ontario's Red Lake Gold

Camp. Mr. Rogers was awarded the CIM Professional Proficiency medal in 1988 when he was Chief Mine Geologist at

Dickenson Mine, predecessor to the current Red Lake Gold Mines. The first exploration drill holes into what ultimately became

Goldcorp's High Grade Gold Zone were drilled on Mr. Rogers' watch. From 1994 to 2003, Jim was Chief Geologist at the

Eskay Creek Mine where he was part of the team that received the E.A. Schultz Award for Mine Development.

Thomas V. Weis, Exploration Geophysicist – Mr. Weis is the president of the consulting firm, Thomas V Weis

and Associates Inc. with over 30 years’ experience in the minerals and engineering industries worldwide. The last 7 years Mr.

Weis has been working in the consulting business. Prior to that he was Chief Geophysicist for Newmont Exploration Ltd.,

worldwide; Chief Geophysicist for Normand Mining Ltd. worldwide based in Australia; Manager of geophysical operations for

Newmont as well as a series of other jobs including Senior exploration geophysicist for Newmont, Normandy and Exxon

Minerals worldwide. Mr. Weis also worked as a visiting scientist for the Kansas Geological survey. He has experience in all

aspects of airborne, ground and borehole geophysics including reflection and refraction seismic surveying. His specialties are

in potential fields, IP/resistivity, EM and radiometric techniques

People: Technical Advisory Team

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Share Information

Symbol: ESK - TSX Venture Exchange

Recent Price: $0.115

52 Week High: $0.125

52 Week Low: $0.030

Shares outstanding: 95,423,555

*Options Outstanding 9,050,000

Shares Fully Diluted: 104,473,555 *at average exercise prices of $0.15 per share

3.510

71.5

5

Share Holders, %

Institutional

Dir. & Officers

Public

SAS

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• “Elephant Deposit Potential” Not just an Area Play

“High Value Targets in Politically stable Canada”

• We Believe that this is a Huge, Long Lived, Epithermal, Porphyry System

• Litho-structural patterns, stratigraphic repetition, steep rift related metal tapping structures and metal

rich leakage into the younger surface rocks all suggest the high probability for underlying rich deposits!

• We Belief that the Seabridge Gold (SEA) Kerr and Pretivm (PVG), Brucejack, VOK deposits will

continue to grow in size and economics.

• We Believe that the southern (Corey) portion of our property represents the western half of this system

and that there is very high, “brownfield type”, probability for focused exploration to duplicate the results

of our neighbors!

• Market Cap – Exponential Upside! • Eskay Mining, current market cap: 105m shares x $0.11 = $11 million

• Pretivm current market cap: 117m shares x $8.08 = $945 million (2.2B)

• Seabridge current market cap: 49m shares x $12.69 = $622 million

• Timing is Now • Our Neighbors to the east are demonstrating the economics of their deposits and are in the process of

permitting and financing new mines. This will bring more investor interest and understanding of the

area potential as well as advance infrastructure that will help to lower exploration and mining costs.

• The First Nations in the area understand mining and are favorable to safe and environmentally

responsible development, business and employment partnerships.

• 3D Geological, Targeting Model is complete and will be used to demonstrate areas of high mineral

potential and Lay Out Discovery Programs.

• Eskay Mining is actively seeking and engaging potential Sr. Partners and Investors.

• The Quality of ESK assets will be appreciated and understood soon!

Vision and Direction Statements (We Believe)

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Geology Location Map LOCATED IN

BRITISH COLUMBIA’S

GOLDEN TRIANGLE *“One of the richest mineral belts in

the world”

*Lawrence Roulston

HISTORICAL HIGH GRADE

GOLD-SILVER RICH VMS (ESKAY CREEK MINE)

NEW AND GROWING

SYSTEM SCALE

HIGH GRADE EPITHERMAL

GOLD DISCOVERIES (PVG-TSX, BRUCEJACK, VALLEY OF

THE KINGS)

AND

LARGE PORPHYRY STYLE

GOLD-COPPER

DISCOVERIES (SEA-TSX, KSM, DEEP KERR)

A

GOLDEN

OPPORTUNITY

*Resource Opportunities, Volume 15, #10 August 2012-1

Vancouver

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Property: 130,000 acres

Brucejack

Valley of the Kings

Snowfields

C-10

Red Lightning

- GFJ

Big Red

Kerr

Sulphurets

Mitchell

Ironcap

Pretium

Road

Eskay Creek Mine

100%

Eskay Creek

Road

Eskay Mining Corp 100%

Eskay Mining Corp 80% SAS JV 20%

Eskay Creek Mine Barrick Gold

Pretivm Resources

Teuton Resources

Seabridge Gold

Resource / Deposit / Alteration

Teuton – American Creek JV

Brigade Resources

Green Swan

Other

Planned SEA

Access Road

through ESK

Property

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Red Lightning-

GFJ

Brucejack Kerr

Ironcap

C-10

Big Red

Eskay Creek Mine

Valley of the Kings

Pretium Road

Eskay Creek Mine

Snowfields

Mitchell

ESK

Seabridge

Pretium

Eskay

Mining

ESK Planned SEA

Access Road

through ESK

Property

Neighboring Giant World Class Gold and Copper-Gold Deposits

Sulphurets

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Neighboring Giant World Class Gold and Copper-Gold Deposits

Brucejack

Valley of the Kings

Snowfields

C-10

Red Lightning –

Big Red

Kerr

Sulphurets

Mitchell

Ironcap

Eskay Creek Mine

ESK

SEA PVG SPEARHEAD

ESK

THE ESKAY CREEK MINE PRODUCED : >3m ounces of gold (48.4g/t) and

>160m ounces of silver (2221g/t)

SEABRIDGE GOLD (SEA) DEEP KERR PROJECT CURRENTLY

HAS INFERRED RESOURCES* OF: 5.9 M ounces Gold and 6.1 Billion lbs of Copper

(515 million tonnes averaging 0.53% copper, 0.36

g/T gold)

PRETIVM RESOURCES (PVG) BRUCEJACK VOK PROJECT

CURRENTLY HAS MEASURED AND

INDICATED RESOURCES** OF: 8.7 M ounces of Gold

(15.3 m tonnes at 17.6 grams of gold per tonne);

and

4.9 M ounces of Gold in the Inferred Resources

(5.9 million tonnes at 25.6 grams of gold per

tonne)

NEW INFRASTRUCTURE INCLUDING ROADS, POWER LINES , ETC…

*Seabridge Gold Ltd. Mineral Reserves and Resources (March 2014)

**Pretium Resources Inc. Brucejack Project Reserves and Resources

Summary (December 2013)

Property Geology

TM

GFJ

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Eskay Mining – The Right Rocks in the Right Place!

“Most metal deposits are derived from hydrothermal systems. That is, superheated water,

circulating kilometers deep in the crust, gathers metal atoms and then deposits them in

particular zones, creating concentrations of metals. Typically, such a system would remain

active for hundreds of thousands of years to as much as perhaps a couple of million years. For

reasons not yet well understood, the hydrothermal processes in the Golden Triangle were active

for much longer, in some areas for perhaps 10 million years. Few areas on the planet have seen

such long-lived geological conditions.” *Lawrence Roulston, Resource Opportunities, Volume 15, #10 August 2012-1

Age

(Ma) 170

180

190

200

210

220

Jurassic

Triassic

Legend

VMS Deposit

Transitional Alkaline

Porphyry-related

Eskay Mining

Volcano-sedimentary

sequence

Pretium / Brucejack

Valley of the Kings

mineralization

Alkaline Cu-Au

Porphyry

Eskay Creek

Katie Kerr, Sulphurets, Mitchell Premier-Silbak, Snip

Red Mountain Mt. Polley, Copper Mtn., Iron Mask Red Chris, Afton/Ajax

Granduc

Anyox

Mt. Milligan

Eskay Mining – Comparative Geochronology

Historical

Exploration

Focus

Exploration

Opportunity

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Mt. Madge

South Unuk area

HSOV

Spearhead (behind ridge) Red Lightning

C10

Focusing the Search (Corey property west of SEA)

High Grade Gold, Copper, Silver Reconnaissance samples appear to

be the top of, or leakage from undiscovered deposits on ESK ground

Multiple deep seated NNW to NNE (structures & faults) appear to be

feeder structures, the movement along which has been the mechanism

producing an ENE trending dilatant corridor

Observations from the multiple showings on the Eskay ground

describe steeply dipping high grade epithermal veins potentially

feeding epithermal and porphyry deposits

Big Red

New Discovery

Seabridge and

Pretium directly to

east Big

Red

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Brucejack

Valley of the

Kings

Snowfields

C-10 GFJ

Big Red

Kerr

Sulphurets

Mitchell Ironcap

ESK

SEA

PVG

SPEARHEAD

ESK

Focusing the Search (Corey property west of SEA)

Red Lightning

TM

HSOV

Tet

Result using ~30 geochemical,

geological, structural, geophysical

criteria. Cut-off applied to

emphasize high potential cells.

High potential regions indicated by

blue cells.

Black points represent Minfile

porphyry/epithermal/ polymetallic

vein deposits and occurrences

Black lines indicate drilling

High Grade Surface Samples Highlights

TM Area -173g/t Au , 204g/t Ag and 1.95% Cu

GFJ Area -112g/tAu, 175g/t Ag and 2.48% Cu

C-10 Area - 20.3g/t Au, 3.8g/t Ag and <1% Cu

Spearhead -4.1g/t Au,

Red Lightning -6.9g/t Au, 3.2g/t Ag and 0.50% Cu

Big Red -4.1g/t Au, 0.4g/t Ag and 0.05% Cu

Smitty -271g/t Ag, 8.01%Zn and 0.95% Cu

Tet -1.0g/t Au, 37,366g/t Ag and 6.3% Cu

Smitty

Mineral Potential Targeting Results

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Tilted View Mineral potential

targeting result for entire

Eskay-Corey, zoomed into

Corey property. High

potential regions indicated

by brown cells.

Magenta points represent Minfile

porphyry/epithermal/ polymetallic

vein deposits and occurrences

Focusing the Search (Corey property west of SEA)

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Brucejack

Valley of the Kings

Snowfields

C-10

TM

Big Red

Kerr

Sulphurets

Mitchell Ironcap

ESK

SEA PVG

SPEARHEAD

ESK

Focusing the Search (Corey property west of SEA)

NRCan magnetic data, 200 m

gridding, residual total field;

Black points represent Minfile

porphyry/epithermal/

polymetallic vein deposits and

occurrences

Large Scale Magnetic Distruction

Evidence of Large Porphyry /

Epithermal Alteration

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Mineral potential targeting

Result for Corey property,

transparency applied. Tilted

perspective looking NW.

Chargeability isosurfaces are

shown in red at a cut-off of 24.

Drillholes are shown in

magenta. High chargeability

zones have not been tested

extensively.

Focusing the Search (Corey property west of SEA)

Single IP Line Completed in 2011 Shows Deep Discover Potential

UNTESTED TARGETS

Drill holes are shown in

Magenta, *Note that drilling is

shallow and doesn’t reach the

Target Horizon

Red

Lightning

TM

C-10 GFJ

Page 18: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Schematic Cross Section Looking North Across ESK, KSM and BJ

ESK Corey

SEA-

KSM PVG-BJ

•Litho-structural patterns,

stratigraphic repetition, steep rift

related metal tapping structures and

metal rich leakage into the younger

surface rocks all suggest the high

probability for underlying rich

deposits on the ESK ground!

Postulated

fluid flow

ESK Corey

sss

? ? ?

?

Page 19: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Highly Mineralized and Altered, “The Top of Something Big”

Page 20: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

•Large prospective property (130,000 acres)

•Located in Politically stable Canada, the Heart of British Columbia's

Golden Triangle

•Multiple gold and silver showings (+Cu, Pb, Zn)

•Surrounds the world-class Eskay Creek gold-silver VMS Mine deposit

and is beside Seabridge’s (SEA-TSX) KSM gold-copper and Pretium’s

(PVG-TSX) Brucejack and Snowfield gold Projects

•Adjacent to new infrastructure and mines being developed

•The Jack formation that hosts the Pretium (Valley of the Kings)

deposit is prevalent and has never been tested on the Eskay ground

•The 2011 deep geophysical survey outlines numerous untested

anomalies that fit with the belief that there will be future discoveries on

the Eskay ground.

•Litho-structural patterns, stratigraphic repetition, steep rift related

metal tapping structures and metal leakage all suggest the potential

for more Kerr and Jack style deposits on ESKAY MINING’s Ground

Summary and Conclusions

Eskay Mining – Planning For Discovery

Page 21: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

• “Elephant Deposit Potential” Not just an Area Play

“High Value Targets in Politically stable Canada”

• We Believe that this is a Huge, Long Lived, Epithermal, Porphyry System

• Litho-structural patterns, stratigraphic repetition, steep rift related metal tapping structures and metal

rich leakage into the younger surface rocks all suggest the high probability for underlying rich deposits!

• We Belief that the Seabridge Gold (SEA) Kerr and Pretivm (PVG), Brucejack, VOK deposits will

continue to grow in size and economics.

• We Believe that the southern (Corey) portion of our property represents the western half of this system

and that there is very high, “brownfield type”, probability for focused exploration to duplicate the results

of our neighbors!

• Market Cap – Exponential Upside! • Eskay Mining, current market cap: 105m shares x $0.11 = $11 million

• Pretivm current market cap: 117m shares x $8.08 = $945 million (2.2B)

• Seabridge current market cap: 49m shares x $12.69 = $622 million

• Timing is Now • Our Neighbors to the east are demonstrating the economics of their deposits and are in the process of

permitting and financing new mines. This will bring more investor interest and understanding of the

area potential as well as advance infrastructure that will help to lower exploration and mining costs.

• The First Nations in the area understand mining and are favorable to safe and environmentally

responsible development, business and employment partnerships.

• 3D Geological, Targeting Model is complete and will be used to demonstrate areas of high mineral

potential and Lay Out Discovery Programs.

• Eskay Mining is actively seeking and engaging potential Sr. Partners and Investors.

• The Quality of ESK assets will be appreciated and understood soon!

Investment Rational “We Believe”

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Appendix

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Historical Assay Highlights Assay highlights for Prospecting samples taken on ESK ground to

the west of SEA and PVG during the 2004 through 2006 Programs

Area Cu% Pb% Zn% Ag g/t Au g/t

TM 0.20 0.48 0.05 204.0 173.60

TM 1.95 0.01 0.02 143.0 39.65

GFJ 1.14 0.02 0.10 22.7 112.00

GFJ 2.48 0.07 0.04 175.0 94.50

*Red Lightning 0.50 0.02 0.17 3.2 6.90

Spearhead 0.01 0.02 0.06 0.0 4.10

Big Red 0.05 0.01 0.09 0.0 3.20

Big Red 0.02 0.01 0.07 0.1 2.30

C10 0.16 0.01 0.13 3.8 20.30

Tet Showing 6.30 - 0.37 37,366 1.02

Smitty 0.905 - 8.01 271.0 -

*Minimal shallow drilling done previously

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Historical Assay Highlights Area Cu% Pb% Zn% Ag g/t Au g/t

TM 1.59 0.1 0.04 110.0 36.80

Spearhead 0.01 0.01 0.06 0.0 2.50

Spearhead 0.01 0.02 0.11 0.0 3.20

*Red Lightning 0.50 0.02 0.17 3.2 6.90

*Red Lightning 0.43 0.02 0.12 0.0 5.10

JoJo 1.59 0.01 0.03 15.8 0.51

Big Red 0.05 0.01 0.09 0.4 4.10

Corey/Other 3.81 0.28 0.04 145.0 51.2

Corey/Other 0.06 0.05 0.08 14.2 19.50

Corey/Other 1.32 0.02 0.10 0.4 10.30

GFJ 3.24 0.02 0.11 13.1 78.90

GFJ 0.42 0.03 0.12 10.9 52.80

Battlement 0.25 0.16 0.04 109.5 0.03

*Minimal shallow drilling done previously

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Historical Assay Highlights continued…

Area Cu% Pb% Zn% Ag g/t Au g/t

Smitty 0.377 - 9.38 267.0 -

Smitty 0.791 - 9.46 141.0 -

Smitty 0.713 0.15 7.18 132.0 -

Smitty 0.617 0.14 4.32 159.0 -

Smitty 0.683 0.17 8.71 356.0 -

Smitty 1.10 0.28 13.75 188.0 -

South Unik >1.0 0.002 0.003 >100.0 10.64

South Unik >1.0 0.008 0.003 >100.0 -

South Unik >1.0 0.002 0.02 >100.0 26.96

Eva Creek 0.06 - 0.003 24.7 41.97

*C10 0.03 0.04 0.07 2.3 17.20

*C10 >1.0 0.005 - >100 4.82

*C10 >1.0 - 0.45 >100 3.55

*C10 >1.0 - 0.34 >100 2.42

*Minimal shallow drilling done previously

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Brief Eskay History

1900: Unuk River Mining & Dredging Company drives adits at Cumberland claim.

1932: Eskay Creek property first prospected by Tom Mackay.

1980: Du Pont of Canada and E&B Explorations conduct regional heavy mineral

stream sediment surveys in Mt. Madge, Sulphurets Ck. and Unuk R. areas.

1986 - 1990: Kenrich Mining & Ambergate Explorations acquire most of Corey

claims and perform basic assessment work. Companies merge in 1994.

1988: Murray Pezim agrees to finance drilling at Eskay Creek.

1989: Calpine Resources drills 27.2 g/t Au and 30.2 g/t Ag over 208 m in DDH

109 at Eskay Creek

1989-1991: Extensive drilling at Lulu zone amid frenzy of Eskay Creek discovery.

1991: Placer Dome performs mapping, soil sampling and geophysics on C-10.

1993-1996: Continued exploration by Kenrich. Drilling at TV and Sheila Ck.

showings.

1994: Eskay Creek mine commences production.

Page 27: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Brief Eskay History 2001/2002: Heritage Explorations commences work with compilation, validation,

interpretation, modeling and targeting followed by mapping, drilling (SIB) and stream

sediment sampling. Highlights: 24 m @ 10.8 g/t Au, 766.15 g/t Ag at Lulu & several

stream geochemistry anomalies are identified including the Hexagon Zone

2003: Re-interpretation of geology, SIB modeling followed by prospecting, sampling,

mapping and drilling at SIB & Hexagon zone. Large alteration zone identified at

Hexagon and 2 m @ 8.09 g/t Au drilled at Southern Hexagon Zone.

2004/2005: Detailed time domain airborne electro-magnetics survey. Drill test

highest priority EM targets. Further mapping at Hexagon zone.

2008: Kenrich-Eskay Mining options SIB property from St. Andrew Goldfields.

Drills three holes at SIB.

2009: Company management change and name change from Kenrich to Eskay Mining

2010: Eskay Mining drills five holes on the SIB property.

2011: Eskay Mining conducts 300m + deep geophysical survey across the SIB and

Corey properties and a 3 D Model is constructed by Mira Geoscience.

Page 28: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

A focus on integrated exploration has been lacking in the Eskay mining camp

except over areas within a few kilometers of the Eskay mine itself. Continuing

exploration between 2000 and 2007 resulted in the following discoveries:

1. Extensive drilling in the 22 Zone area has yielded promising results on the Eskay property.

Barrick had planned to extend a ramp into the hanging wall of this zone to stage diamond

drilling programs.

2. Further south on Prout Plateau, Heritage Exploration has drilled the SIB property, based on a

comprehensive synthesis of all historical data, geological mapping and stream sediment

sampling. In 2002, Heritage intersected the extension of the Lulu Zone on the SIB property.

An intersection in diamond drill Hole 2-113 encountered 11.7m of 19.5 g/t Au and

1,602.9 g/t Ag. Extensions to the zone were not found due to a large displacement, east

dipping thrust fault that passes close to the surface under the Lulu zone.

3. Also on the SIB property, the new Hexagon zone was discovered in 2003. Work there was

prompted by following anomalies encountered in a high energy stream sediment program. As

follow up, Heritage drilled 8 holes over a strike length of nearly 4 km. The best holes

encountered “mineralization hosted in moderate to highly altered and sheared pyritic-sericite

rocks, accompanied by variable silicification.” The altered sections have estimates up to

10%-15% pyrite content. Gold values of up to 1.51 g/t and silver values of 15.18 g/t were

also encountered. The Hexagon zone is interpreted as a mineralized structure related to syn-

volcanic faulting bounding the prospective Eskay – Corey Belt. It is in direct line with the

bounding faults to the Eskay orebodies, but is cutting rocks deep in the footwall to the Eskay-

rift sequence.

Sib – Lulu Historical Results

Page 29: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Search for Eskay II

Cross section through the Eskay Creek

deposit (modified from Roth, 2002)

1.6% Cu

15.0% Zn

6.4% Pb

49.9 g/t Au

5,980 g/t Ag

Eskay Creek-age mineralization at Cumberland & Smitty zones:

4.0 g/t Au, 68 g/t Ag, 0.4% Cu, 6.7% Zn over 7.7m

Page 30: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

NRCan magnetic data, 200 m

gridding, residual total field;

black spheres represent Minfile

porphyry/epithermal/

polymetallic vein deposits and

occurrences

Page 31: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

NRCan magnetic data, 200 m

gridding, first vertical derivative;

black spheres represent Minfile

porphyry/

epithermal/polymetallic vein

deposits and occurrences

Page 32: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Airborne EM inversion model

– note Big Red correlates with

a conductor modelled on the

side of a topographic high

Page 33: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Mineral potential targeting

result for entire Eskay-Corey

property using ~30

geochemical, geological,

structural, geophysical criteria.

Cut-off applied to emphasize

high potential cells. Black

lines indicate drilling

Page 34: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Orange curve represents extent

of geochemical sampling.

Dark green – 040506 Corey 1dx (Cam Barker)

Orange – 040506 Corey 4A4B (Cam barker)

Light green – Geoinformatics compiled ARIS float

Dark brown – Geoinformatics compiled ARIS stream sed

Purple – Geoinformatics compiled soils

Red – Heritage Eskay-Corey merged stream sediment

Light blue – Barrett MDRU lithogeochemistry

Page 35: 130,000 ACREAS IN THE HEART OF GOLDEN …000 acreas in the heart of british columbia’s golden triangle ... copper-gold porphyry and high grade gold epithermal targets a golden opportunity

Thank You

For Further Information Contact:

Mac Balkam, Pres. & CEO – 416.907.4020

James Rogers, P. Geo, Consultant -807-577-9599