Welcome to our dedicated page for Skeena Resources news (Ticker: SKE), a resource for investors and traders seeking the latest updates and insights on Skeena Resources stock.
Overview of Skeena Resources Limited
Skeena Resources Limited (SKE) is a junior Canadian mining exploration company dedicated to the exploration and development of high-quality precious and base metals projects in the renowned Golden Triangle of northern British Columbia. With a focus on evolving past-producing sites into sustainable mining operations, Skeena employs rigorous technical evaluations and advanced exploration methodologies to unlock the potential of its mineral properties.
Core Business and Strategic Projects
The company’s primary activities involve the advancement of the Eskay Creek Gold-Silver Project, one of the world’s most promising open-pit operations characterized by its high-grade mineralization and significant silver by-product production. In addition to Eskay Creek, Skeena is actively evaluating and developing other key opportunities, including legacy assets acquired from industry leaders. By leveraging its deep technical expertise, the company navigates the complexities of mineral exploration to identify and maximize value in prospective deposits.
Industry Position and Competitive Advantage
Skeena Resources occupies a distinct niche in the mining exploration sector, capitalizing on the geological riches of the Golden Triangle. Its strategic focus on projects with past production histories provides an inherent advantage, offering a solid foundation for infill drilling and technical studies. The company’s commitment to sustainable mining practices, state-of-the-art evaluation techniques, and proactive stakeholder engagement distinguishes it from many of its peers in the competitive resource sector.
Operations and Methodologies
At the heart of Skeena’s operations lies a robust exploration program that integrates cutting-edge geophysical and geochemical surveys with detailed geological mapping. The company adheres to strict environmental, health, and safety standards, ensuring that all activities are conducted responsibly. In collaboration with Indigenous communities and local stakeholders, Skeena emphasizes transparency and social responsibility, which underpins its operational integrity and sustainable development vision.
Expertise, Experience, and Authoritativeness
Skeena Resources demonstrates a high level of expertise through its careful selection of technically sound targets and its rigorous adherence to best practices in mineral exploration. The company’s experienced management and technical teams bring decades of industry knowledge, enabling them to make informed decisions based on comprehensive data analysis and geological interpretation. This expertise not only supports successful project advancement but also builds investor confidence in the company’s ability to navigate the challenges of the mining industry.
Commitment to Sustainable Development and Community Engagement
Recognizing the importance of responsible resource development, Skeena Resources prioritizes environmental stewardship and social responsibility. The company works closely with First Nations, local communities, and regulatory bodies to ensure that its projects contribute positively to the surrounding regions. By integrating sustainable practices in every aspect of its operations, Skeena reinforces its commitment to creating long-term value while minimizing environmental impacts.
Key Takeaways
- Focused Exploration: Specializing in high-grade precious and base metals projects in British Columbia’s Golden Triangle.
- Technical Expertise: Utilizes advanced exploration techniques and robust geological studies to unlock project potential.
- Sustainable Practices: Committed to responsible mining with strong community and Indigenous engagement.
- Strategic Positioning: Leverages past-producing assets to build a foundation for future development within a competitive market.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced significant drilling results from the 2022 exploration at the Eskay Creek gold-silver Project in British Columbia. Key highlights include:
- 18.18 g/t Au and 130.2 g/t Ag over 9.26 m from drill hole SK-22-1132 in the 21A West Zone.
- 14.90 g/t Au and 2.5 g/t Ag over 5.70 m from drill hole SK-22-1177, also in the 21A West Zone.
- New mineralization discovered in the 23 Zone, including 0.95 g/t Au and 1,003.3 g/t Ag over 6.42 m.
The updated Mineral Resource Estimate is scheduled for H1 2023, incorporating recent drilling data, enhancing the project’s potential.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced the appointment of Scott Fulton as the new Vice President of Construction & Engineering. With over 15 years in mine development, Fulton previously held a senior role at NorZinc. CEO Randy Reichert emphasized the importance of Fulton's expertise for advancing the Eskay Creek Project.
Additionally, Freda Campbell, Director of Community Relations, received the 2023 Indigenous Trailblazer Award from Women in Mining Canada for her contributions to community engagement in mining.
Skeena’s Feasibility Study for Eskay Creek, released in September 2022, indicates a robust after-tax NPV5% of C$1.4B.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced a major milestone on January 17, 2023, by signing the Process Charter for the Eskay Creek gold-silver Project in British Columbia. This collaboration involves the Tahltan Central Government and the Government of BC, aiming for an efficient Environmental Assessment (EA) and permitting process. The EA Certificate is targeted for H2 2024, while final permits are anticipated in H1 2025. The federal approval for the BC Environmental Assessment Office to conduct a single assessment further streamlines this process. Skeena emphasizes its commitment to work with the Tahltan Nation for effective project approval.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced the departure of Chief Operating Officer Shane Williams, effective immediately. President & CEO Randy Reichert will temporarily take over the COO responsibilities. Additionally, Adrian Newton has been promoted to Vice President of Exploration, continuing to lead exploration programs in the Golden Triangle. The company is focused on the Eskay Creek gold-silver project, which has promising metrics including a 50% IRR and an after-tax NPV5% of C$1.4B from its September 2022 feasibility study.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced the completion of a royalty sale with Franco-Nevada Corporation, granting a 0.5% net smelter returns royalty on the Eskay Creek gold-silver Project. This transaction, valued at C$27 million upfront and C$1.5 million contingent, closes the previously established right of first refusal Franco-Nevada held. Funds from the sale will support exploration and development at Eskay Creek, which boasts a feasibility study projecting a C$1.4 billion NPV5% and a 50% IRR. The transaction was finalized on December 30, 2022.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has announced promising drilling results from the 22 Zone at the Eskay Creek gold-silver Project in British Columbia. Notable finds include drill hole SK-22-1112, which intersected 1.86 g/t Au and 88.3 g/t Ag over 16.56 m, and SK-22-1113, averaging 1.83 g/t Au and 101.4 g/t Ag over 9.90 m. These mineralization zones are open for expansion, offering potential for further resource growth beyond the existing feasibility study limits.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has announced new Rhyolite-hosted mineralization at its Eskay Creek gold-silver Project in British Columbia. The recent exploration drilling confirmed significant gold-silver intersections in the 23 Zone, including 0.92 g/t Au and 12.5 g/t Ag over 79.97 m. Further results are expected, which could enhance the project's future open-pit strip ratio. The company anticipates that this newly delineated mineralization will contribute positively to the upcoming Feasibility Study update planned for H2 2023.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced on November 22, 2022, that its appeal against the BC Chief Gold Commissioner's decision was dismissed by Justice Iyer of the British Columbia Supreme Court. Skeena plans to appeal this ruling. Importantly, this court decision does not impact the economics, resources, or reserves as detailed in the 2022 Feasibility Study for the Eskay Creek project. The feasibility study revealed an average grade of 4.00 g/t AuEq and an after-tax NPV5% of C$1.4B.
Skeena Resources Limited (TSX:SKE) announced the discovery of new Rhyolite-hosted mineralization near the 22 Zone at the Eskay Creek gold-silver Project. Drill hole SK-22-1054 revealed 1.79 g/t Au and 32.0 g/t Ag over 40.67 meters, located 200 meters east of the existing resources. This area, previously deemed non-prospective due to historical drilling limitations, shows potential for additional mineralization. The company plans further exploration in 2023 to evaluate this promising finding, indicating substantial untapped resources in proximity to known deposits.
Skeena Resources Limited has announced further drilling results from the 21A West Zone at its Eskay Creek gold-silver Project in British Columbia. Significant intersections include 7.73 g/t Au and 16.8 g/t Ag over 17.20 m in drill hole SK-22-1131. This area, previously deemed barren, shows promising high-grade mineralization. Additional results from SK-22-1103 also indicate valuable near-surface Rhyolite mineralization. The 21A West Zone is open for further expansion, indicating potential growth for the company.
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