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Skeena Resources Limited (OTCQX:SKREF) has successfully closed a C$5 million investment from the Tahltan Central Government. This investment, announced in a previous joint press release, bolsters Skeena's efforts to revitalize the Eskay Creek gold-silver mine in northwest British Columbia. The company is actively engaged in infill and exploration drilling, with plans to advance to full feasibility by the end of 2021, while also conducting exploration at the Snip gold mine.
Skeena Resources Limited (OTCQX:SKREF) filed an early warning report regarding its holdings in QuestEx Gold & Copper Ltd. On April 15, 2021, Skeena acquired 5,547,142 Shares, totaling 14.32% of QuestEx shares. Skeena can maintain its ownership percentage in future financings, potentially increasing its stake to 19.99%. The acquisition was made for investment purposes, and Skeena plans to evaluate its holdings periodically. This filing complies with the National Instrument 62-103 regulations.
Skeena Resources Limited (OTCQX:SKREF) has conditionally closed the final tranche of its non-brokered private placement, raising approximately C$21.6 million through the sale of 4,789,592 flow-through shares at C$4.50 per share. The final tranche generated C$8.8 million from 1,951,606 shares, aimed at financing exploration activities in the Golden Triangle of British Columbia. The deal awaits regulatory approvals. The company focuses on revitalizing the Eskay Creek mine and advancing its feasibility by late 2021.
Skeena Resources Limited (OTCQX:SKREF) has collaborated with the Tahltan Central Government, BC Parks Foundation, and Nature Conservancy of Canada to establish a new conservancy in northwestern B.C., covering 3,500 hectares adjacent to Mount Edziza Provincial Park. This initiative, part of the multi-year Tahltan Stewardship Initiative, aims to enhance self-determination for the Tahltan Nation and protect the area's ecological and cultural significance. Skeena is returning its mineral tenures for the Spectrum claim to support this partnership and conservation effort.
Skeena Resources Limited (OTCQX: SKREF) has released an updated Mineral Resource Estimate (MRE) for the Eskay Creek gold-silver project, effective April 7, 2021. The MRE includes data from over 7,500 historical drill holes and a significant amount of recent drilling, totaling 651,332 meters. The new estimates indicate a 186% increase in Measured and Indicated resources by tonnage. Key figures include 38,505,000 tonnes of Measured and Indicated resources with an average 4.33 g/t AuEq, amounting to 5,271,000 ounces AuEq and 3,898,000 ounces of gold. An updated technical report will be published in 45 days.
Skeena Resources Limited (OTCQX: SKREF) has secured a C$5 million investment from the Tahltan Central Government (TCG). The TCG will purchase 1,597,138 investment rights at approximately C$3.13 each, reflecting Skeena's recent trading average. These rights will convert into common shares over three years. Skeena's CEO, Walter Coles, emphasized the significance of this partnership in promoting economic independence for the Tahltan Nation, which has a historical connection to mining in the region. The investment is contingent on Toronto Stock Exchange approval.
Skeena Resources Limited has conditionally closed the first tranche of its non-brokered private placement, raising approximately C$12.8 million from the sale of 2,837,986 flow-through shares priced at C$4.50 each. The funds will be allocated for exploration activities at projects in British Columbia's Golden Triangle. The closing of the offering is subject to necessary regulatory approvals. A full feasibility study for the Eskay Creek project is aimed for the end of 2021. Skeena continues to advance exploration at the past-producing Snip gold mine.
Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) announced the completion of its Phase 2 drilling campaign at the Eskay Creek Project. The infill program aimed to convert open-pit constrained resources for the Pre-Feasibility Study. Significant findings include high-grade drill results from both the 21C and HW Zones, with notable intersections such as 7.10 g/t Au and 406 g/t Ag over 19.15 m. The Company has also initiated a 5,000 m near-mine exploration program with results forthcoming.
Skeena Resources Limited (OTCQX:SKREF) has announced a fully subscribed non-brokered private placement offering of approximately 4,444,444 flow-through shares at C$4.50 per share, totaling gross proceeds of C$20 million. The funds will be allocated for exploration activities in the Golden Triangle of British Columbia. The offering is set to close on or before March 24, 2021, pending regulatory approvals. Skeena is focused on revitalizing the Eskay Creek gold-silver mine and advancing it towards full feasibility by the end of 2021.
Skeena Resources Limited (SKREF) announced significant progress from its Phase 2 drilling at the Eskay Creek Project, completing an infill program aimed at resource category conversions for a Pre-Feasibility Study.
Highlights include the discovery of a new mineralization zone (21C-HW) with high gold and silver grades, particularly 4.65 g/t Au over 30.50 m. The 21E Zone also showed promising results, with samples yielding up to 27.13 g/t Au over 10.00 m. The findings suggest an expanded resource base for future updates.
