Drilling in 2000 targeted two areas on the IKS property that had received relatively sparse drilling in the past. Two holes were drilled to test for the presence of the mine stratigraphy, and for the possible presence of mineralization related to the Eskay Creek Mine hydrothermal system that produced the various ore bodies at the mine.

One of the two holes successfully intersected the mine stratigraphy, but the contact mudstone was essentially non-existent, and no mineralization or alteration of interest was encountered. The other hole was lost high up in the hanging wall sequence due to ground conditions, and was therefore unable to test for the presence of the mine stratigraphy and possible mineralization in this area.

Hole C00-1056 was located on the surface trace of the west limb of the Eskay Creek Anticline (a large, property-scale anticlinal structure), approximately 1 kilometre northwest of the mine. No drillhole data existed for this area, and COO-1056 was simply testing for the presence of the mine stratigraphy in this area. The only mineralization of note in hole C00-1056 consisted of a zone of moderate quartz-pyrite veining and/or flooding, over 5 to 7 metres, in a section of Jurassic Bowser Laker Group conglomerate, beginning at 53 metres downhole. A 50-centimetre grab sample yielded 0.4 gram per tonne gold (Assessment Report 26415). Mineralization of this (or any) sort in the Bowser Lake package is considered rare.

Refer to Eskay Creek (MINFILE 104B 008) for related information.