Kenrich-Eskay Mining Corporation: Finally, 2007 Drill Program Commences on Coastal Copper Property
Kenrich-Eskay Mining Corporation: Finally, 2007 Drill Program Commences on Coastal Copper Property
Jun. 22, 2007 05:26 PM
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/22/07 -- KENRICH-ESKAY MINING CORPORATION (the "Company") (TSX VENTURE: KRE)(FRANKFURT - BERLIN- 878 985) is pleased to announce that its 2007 drilling program has commenced at its Coastal Copper project in the Stewart region of northwestern British Columbia.
Drilling commences at Coastal Copper Project
Field crews have been mobilized and diamond drilling has commenced at the Company's Coastal Copper Project at Anyox, B.C. Following the highly successful 2006 program, an additional 2500 metres of drilling is planned for 2007. This drilling will attempt to expand the mineral resource at the Double Ed Cu-Zn deposit and will test some additional geophysical targets delineated by the 2006 AeroTEM survey. Surface geological mapping and prospecting will follow up on the promising geophysical and geochemical results from the 2006 program with the goal of identifying additional drill targets.
Double Ed Technical Report Received
The Company recently announced a mineral resource for the Double Ed deposit of 1.85 million tonnes grading 1.6% copper and 1.0% zinc (see news release of April 18). This massive sulphide mineralization is still open to the north and south as well as down dip. These areas will provide the primary targets for this year's drilling. The Company has recently received a technical report from its geological consultants that documents the 2006 exploration results and the mineral resource estimation for the Double Ed deposit. This report will be available on SEDAR pending regulatory approval.
This major project has been delayed by up to one month due to unusually high snow packs in the Stewart region which hindered earlier access to the properties.
Kenrich-Eskay Mining Corp. is a precious and base metals exploration and development company. The Company's activities are focused on its large holdings at its Corey Property adjacent to Barrick Gold's Eskay Creek Mine and its Coastal Copper Project in the Anyox Mining Camp, both located in northwestern British Columbia.
The information above has been reviewed by Sean McKinley, M.Sc., P. Geo., a Qualified Person as defined by National Instrument 43-101.
Kenrich-Eskay Mining Corp. has agreed to grant new stock incentive options to certain directors, executive officers and consultants of the company under the company's rolling stock option plan granting to such optionees the right to purchase up to a total of 1,406,045 common shares at a price of $0.70 cents per share for a two-year period until June 22, 2009. Further to the news release of April 18, 2007, the company did not proceed granting the previously announced stock options.
On behalf of The Board of Directors of Kenrich-Eskay Mining Corporation.
Wally E Boguski, President, CEO, Director
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Kenrich-Eskay Mining Corporation
Wally E Boguski
President, CEO, Director
(604) 682-0557
(604) 684-7116 (FAX)
Email: info@kenrich-eskay.com
Website: www.kenrich-eskay.com
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