GRUB 20,000 <g> A drill play worth watching:
KENRICH-ESKAY MINING CORPORATION
C206 – 9801 King George Highway
Surrey, British Columbia V6E 2S8
604-682-0557 Fax: 604-684-7116
Website: www.kenrich-eskay.com
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August 28th, 2006 Symbol: KRE: TSX
NEWS RELEASE
PHASE ONE DRILLING ON C10 ZONE COMPLETED
Vancouver, BC – KENRICH-ESKAY MINING CORPORATION (the “Company”) is pleased to provide an update on the ongoing drilling and exploration surveys at its 100% owned Corey Project in northwestern British Columbia. The Corey Project is located in the gold- silver-rich Eskay Creek mining camp north of Stewart.
As of August 25, the combined Corey and Coastal Copper programs have completed a total of 61 drill holes, for an aggregate 48,668 feet (16,045 meters) drilled. The Company’s geologists have recommended an extensive number of targets be tested based on both the existing geological information and the new geophysical data. Currently, there are four diamond drills active on these Eskay Rift properties. Further to the press release of August 15, 2006, assay results from 11 holes drilled at the coastal copper property have been released with the balance of 50 drill holes on both the Coastal Copper and Corey properties still pending.
A total of 6,043 metres (19,838 feet) of diamond drilling has been completed in 25 drillholes at Corey property to date, during the 2006 season. The highly mineralized volcanic-sedimentary Eskay Rift belt crosses through the central axis of the Corey property, resulting in broad areas of sulphide-bearing, stringer-zone veining and alteration, and multiple locations of previously announced volcanogenic massive sulphides. Company geologists have conducted a program of geochemical analysis, prior to laying out selected zones for follow-up assay. All geochemical determinations are made with a 30g sub-sample and return a more reliable multi-element characterization of the major mineralization trends.
Phase One Drilling on C10 is Complete
Phase One diamond drilling has placed a total of 12 diamond drill holes into the C10 zone. Assays for the C 10 zone are pending; however, two parallel zones of highly foliated, sericite alteration and stockwork veining have returned a strong geochemical response. The zones are consistently flooded with pyrite, and lesser chalcopyrite, sphalerite and minor arsenopyrite with highly anomalous geochemical values in Cu-Zn-Au-Ag. The results are consistent with a very extensive stringer zone of the type found in the highest levels of a volcanogenic massive sulphide system.
As in the fall of 2005, the Company’s geologists interpreted the stringer zone as a pathfinder to volcanogenic massive sulphides. The discovery of visible gold further contributed to the potential of the zone. Now that the geometry of the target has be determined by the 2006 drilling, work is focusing on following the extensions, along strike and down dip and to test the stratigraphic horizons favourable for massive sulphide deposition. |
