Over the summer months of 2025, the Company’s geological team systematically prospected and sampled the Vermillion, TM, Red Lightning, and Big Red zones surrounding Unuk Finger Mountain in the southern extent of CEP where high grade gold veins were initially discovered in 2024. Select Highlights: This most recent batch of 121 spot rock chip and channel results includes eleven samples assaying over 20 g/t Au and 31 samples assaying over 1 g/t Au. The highest grade spot rock chip assays include; 297 g/t Au and 790 g/t Ag collected from a quartz-sulfide vein at TM zone,217 g/t Au and 0.44% Cu collected from a quartz-sulfide vein at Vermillion zone, 106 g/t Au and 54.9 g/t Ag collected from a quartz-sulfide vein at TM zone, and 65.7 g/t Au, 31.5 g/t Ag, and 0.31% Cucollected from a quartz-sulfide vein at Vermillion zone. A channel sample assay at the TM Zone returned 165 g/t Au and 285 g/t Ag over 0.40 m within 45.5 g/t Au and 75.2 g/t Ag over 1.55m. A new gold-silver target, the Sultan zone, discovered in the southeastern corner of the claim package returned an initial assay of 11.2 g/t Au and 181 g/t Ag. “Further expansion of the high-grade vein discovery in the southern portion of our Consolidated Eskay Project now fully explain the robust, large-scale BLEG stream sediment anomaly we identified around Unuk Finger Mountain in recent years,” commented Quinton Hennigh, director and technical advisor. “High-grade veins display a pattern of commonly being low-angle and stacked a few tens of meters apart. Veins are comprised of quartz and varying contents of sulfides including base metal sulfides, especially chalcopyrite. We are now seeing broad distribution of these veins, and they appear to display a spatial relation with a nearby Lee Brant Eocene intrusion not unlike those observed at both Goliath Resources’ Surebet project and Juggernaut Exploration’s Big One project. This new target style is generating a lot of excitement in the GT, and we think we may have a similar such exploration target emerging at CEP. We can see a path to inaugural drilling of these veins in 2026.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESKYF:
