Skeena Commences Pre-Feasibility Study For Eskay Creek
(PresseBox) - Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (?Skeena? or the ?Company? - https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ te execution strategy to ensure fast tracked development towards commercial production.
Given the success of the team that developed the Preliminary Economic Assessment (?PEA?) study for Eskay Creek, Skeena will once again partner with Ausenco Engineering Canada Inc. (?Ausenco?), SRK Consulting (?SRK?), and AGP Mining Consultants (?AGP?) to complete the PFS. The target completion date for the PFS is summer 2021.
Shane Williams, Skeena?s new Chief Operating Officer commented, ?I am very excited to be joining the Skeena team at this transitional stage in the Company?s history. The PFS is the next step in the evolution of Eskay Creek as we move this high-grade, open-pit project towards development and through to commercial production.?
PFS Work Program
A key work program as part of the development of the PFS will be an extensive infill drilling program to convert a large portion of the Inferred resources into the Measured & Indicated category and following completion of the PFS, declare maiden reserves for Eskay Creek.
Following the completion of the Eskay Creek PEA in 2019, several areas were identified that could be optimized and enhanced with further work. This includes optimizing the metallurgy and the concentrate quality and to better optimize the flow sheet. This
Subject to the agreement with Barrick, upon exercise of the option to acquire a 100%-interest in Eskay Creek (by December 2020), the Company will enter the permitting process for the expanded Eskay Creek project. Skeena has already begun the comprehensive environmental studies that are required for permitting and has initiated community engagement and consultation with Indigenous Nations. Skeena has developed a comprehensive environmental program designed to fill identified historical data gaps and to enhance existing data to meet current standards. Rescan Tahltan Environmental Consultants (RTEC), a subsidiary of ERM, has been engaged to carry out the environmental studies.
Warrant Update
Between June 5 and June 13, 2020, 5,146,616 warrants were exercised for total proceeds of C$5,146,616, and the Company?s remaining 127,423 outstanding warrants expired unexercised. The Company now has zero warrants outstanding.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company?s primary activities are the exploration and development of the past-producing Eskay Creek gold-silver mine. The Company released a robust Preliminary Economic Assessment in late 2019 and is currently focused on infill and exploration drilling at Eskay Creek to advance the project to Pre-feasibility. Skeena is also exploring the past-producing Snip gold mine.
Qualified Persons
In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration and Resource Development, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration and development activities on its projects.
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute ?forward looking information? and ?forward looking statements? within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management?s expectations.ing, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of retatements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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Datum: 15.06.2020 - 10:05 Uhr
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News-ID 1558803
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