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) has successfully raised approximately C$30.4 million through the exercise of 2,812,500 warrants held by Barrick Gold Corporation. The warrants were issued at an exercise price of C$10.80. The funds will support an extensive 60,000-meter exploration drilling program set for Eskay Creek in 2022, which aims to enhance the existing mine plan and explore new mineral zones. Skeena is focused on advancing the Eskay Creek site towards a full Feasibility Study.
Skeena Resources Limited (TSX:SKE) announced positive final drilling results from the 2021 exploration programs at the Eskay Creek gold-silver Project. Notable highlights include a high-grade find of 8.78 g/t Au and 13 g/t Ag over 34.00 m in drill hole SK-21-997, expanding the 21A Zone. The upcoming 2022 exploration program will involve 60,000 m of drilling to explore near-surface mineralization and deep Mudstone extensions. Additional mineralization found in drill hole SK-21-972 supports near mine targets.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced the appointment of Randy Reichert as President, effective April 2022. He will oversee all technical operations, including geology and engineering, reporting to CEO Walter Coles. With over 30 years in mining, Reichert brings valuable experience from his previous role at B2Gold Corp. and has been involved in significant projects like the Fekola Mine. Skeena is focused on revitalizing the Eskay Creek mine, having released a Prefeasibility Study in July 2021 showing an after-tax NPV5% of C$1.4B.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) has announced its intention to appeal a decision made by the Chief Gold Commissioner regarding the ownership of materials in the Albino Lake Storage Facility at the Eskay Creek project. The Commissioner ruled that individual Richard Mills owns these materials, which Skeena has managed for decades. Skeena's President, Walter Coles, argues this decision sets a dangerous precedent and intends to pursue legal action.
The company is focused on advancing the Eskay Creek project, which has a prefeasibility study indicating significant potential.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has expanded the recently discovered 23 Zone at the Eskay Creek gold-silver project in British Columbia. Significant drill results include 1.97 g/t Au, 3 g/t Ag over 40.50 m and 0.58 g/t Au, 14 g/t Ag over 52.00 m. This new mineralization zone is positioned 200 m east of the high-grade 21A Zone. The ongoing exploration program aims to delineate near-surface resources, with 72 drill holes completed thus far, comprising about 37% of the 35,000 m budgeted drilling program.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced a significant discovery at its Eskay Creek gold-silver project in British Columbia, revealing a new zone of near-surface mineralization, referred to as the 23 Zone. Notable drilling results include:
- 0.99 g/t Au, 6.5 g/t Ag (1.08 g/t AuEq) over 90.00 m
- 1.30 g/t Au, 31.4 g/t Ag (1.72 g/t AuEq) over 43.39 m
- 2.14 g/t Au, 14.6 g/t Ag (2.33 g/t AuEq) over 59.91 m
The mineralization, discovered just 15 m below the surface, remains open for expansion and complements existing plans for throughput enhancement.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced on December 23, 2021, the successful closing of a non-brokered private placement offering with Franco-Nevada Corporation, raising C$30.9 million. The funds, generated from selling 1,471,739 flow-through common shares at C$21.00 per share, are earmarked for Canadian exploration expenses. Concurrently, Franco-Nevada received a right of first refusal over a 0.5% net smelter return royalty on the Eskay Creek project. The securities are subject to a four-month hold period.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced a non-brokered private placement of 1,471,739 flow-through common shares at C$21.00 each, generating approximately C$30.9 million in gross proceeds. Franco-Nevada Corporation will purchase these shares and has a right of first refusal on a 0.5% net smelter return royalty related to the Eskay Creek project. The proceeds will fund exploration at Eskay Creek, with closing expected by December 23, 2021, pending regulatory approvals.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced successful drilling results from the 2021 Phase II Albino Waste Facility (AWF) investigation at the Eskay Creek gold-silver project in British Columbia. The expansion program consisted of 212 m across 12 vertical drill holes, yielding impressive results: 5.90 g/t Au and 317 g/t Ag over 16.77 m (SK-21-899) among others. The newly discovered mineralization now spans an area of 350 m by 125 m. The Company is set to continue the drilling program in Q1 2022, pending safety conditions for ice thickness.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) released its interim financial results for Q3 2021, highlighting renewed interest in the Eskay Creek gold-silver mine. The Prefeasibility Study indicates an average grade of 4.57 g/t AuEq, an after-tax NPV5% of C$1.4B, a 56% IRR, and a 1.4-year payback period at US$1,550/oz Au. Ongoing infill and exploration drilling aims to advance the project towards full feasibility by Q1 2022.
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