The combined company will be managed by the team that discovered and developed the Brucejack mine, now owned by Newmont, the world’s biggest gold miner. Joe Ovsenek, currently CEO of P2 Gold, will head the company, while Eskay’s CEO Mac Balkam will serve as board chair.
“With this transaction, Eskay has taken a significant step toward finding the next major resource in the Golden Triangle. The P2 Team, led by Joe Ovsenek, is second to none in producing results in the area,” Balkam said in a news release.
The initial exploration focus will be the Eskay-Corey property, which Balkam says is “the most prospective ground in the Golden Triangle without a major discovery to date.” According to Eskay, it has been shown to host several VMS (volcanogenic massive sulphide) targets, as well as the potential for nickel-copper sulphides.
The project will now be complemented by P2’s Gabbs gold-copper project in Nevada, which has…
