Company Updates From Management – Wed 21 Aug, 2019

Skeena Resources – Drilling at Eskay and an update on the PEA and metallurgy

Skeena Resources (TSX-V :SKE & OTCQX:SKREF) commenced drilling at the Eskay Creek Project earlier this month so I reached out to the President and CEO Walter Coles for an update on the drill program. We also discuss the timing of the PEA which is anticipated for next month and metallurgy work. When it comes to metallurgy Walter recaps the history of the Eskay Creek Mine when it was in production and the options the past owners dealt with.

If you have any follow up questions for Walter or I please email me at Fleck@kereport.com.

Click here to visit the Skeena website and read over the full Company presentation.

Appointment notices: Kirkland Lake Gold, Nemaska Lithium, and Skeena Resources

Toronto-based Kirkland Lake Gold has announced the retirement of board chairman Eric Sprott, effective after the annual meeting on May 7, 2019. He has been chairman since 2015. The vacancy will be filled by Jeff Parr as interim chairman until the AGM.

Ronald Bougie is joining Nemaska Lithium in Quebec City as VP engineering and construction. His appointment and certain other changes at the company will strengthen controls over construction work at the Whabouchi mine and Shawinigan plant.

Skeena Resources of Vancouver is strengthening its operating team with the nomination of Stacy Freudigmann as project manager for its Eskay Creek and Snip projects. He specializes in mining management, metallurgy and process engineering, project management, and development. He founded Canenco Consulting in 2010.

(This article first appeared in the Canadian Mining Journal)

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Skeena begins metallurgical optimization and PEA at former Eskay Creek mine

Vancouver-based Skeena Resources continues to examine the past producing Eskay Creek gold mine in the Golden Triangle. The next steps are a phase one metallurgical optimization and completing a preliminary economic assessment.

Despite having a gravity plant that recovered between 10% and 30% of the precious metals, a 350-t/d flotation plant, and average gold and silver recoveries of 80% and 92%, respectively, Skeena has asked Blue Coast Research Group to investigate potential optimizations. The amenability of the Eskay Creek ore to blending and leaching will be assessed.

Ausenco Engineering Canada has been engaged to prepare the PEA. The study will examine an open pit operation with a small up-front amount of underground ore fed to the plant. The PEA is scheduled for completion in Q3 2019.

The current pit restrained resources include 12.7 million indicated tonnes at 4.5 g/t gold and 117 g/t silver containing 1.8 million oz. of gold and 47.8 million oz. of silver. The inferred resource is 13.6 million tonnes grading 2.2 g/t gold and 42 g/t silver for 984,000 oz. of gold and 18.5 million oz. of silver.

(This article first appeared in the Canadian Mining Journal)

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Company Updates From Management – Wed 13 Mar, 2019

Skeena Resources – Answering Your Questions on The Updated Eskay Resource, Barrick’s Back-in Options, and Metallurgy

Skeena Resources recently released an updated resource for the Eskay Creek Property. I received a couple emails asking for an update and sharing some questions on the overall resource and where the deal with Barrick stands. Walter Coles, President and CEO of Skeena joined me to outline the updated resources and address those questions. We start off clearing up the terms and status of the deal with Barrick and Barrick’s back-in right. Metallurgy was discussed next as the balance between the resource continued in mudstone vs rhyolite is being watched closely. Finally a couple comments on funding options to move the project forward.

If you have any other questions please email me at Fleck@kereport.com.

Click here to visit the Skeena website and read over the presentation.

Company Updates From Management – Mon 28 Jan, 2019

Skeena Resources – Addressing Some Misconceptions On The Recent Eskay Creek Drill Results

Last week Skeena Resources (TSX.V: SKE, OTCQX: SKREF) released some very nice high grade results from surface at the Eskay Creek Project. However the market reaction to these results was muted as the stock did not move.

I reached out to Skeena’s President and CEO Walter Coles for a comment. He addresses an analyst report that had a couple errors in understanding what type of rock the drill holes came from. We also get an update on what the plans are for this year at Eskay.

Skeena Resources Update – Walter Coles

Click here to visit the Skeena website for more information on the Company. 

Click here to read over the full news release.This will open in a new tab so you can keep listening to the interview.

Skeena hits long (15m) and strong (31 g/t) at Eskay Creek

Skeena Resources of Vancouver recently completed a surface drilling program on its Eskay Creek property  in the province’s Golden Triangle.

  • Phase one drilling at the 21A zone returned these highlights:
  • Hole SK-18-033: 4.93 g/t gold, 134.59 g/t silver over 33.57 metres;
  • Hole SK-18-034: 7.11 g/t gold, 54.21 g/t silver over 28.88 metres;
  • Hole SK-18-036: 22.36 g/t gold, 646.92 g/t silver over 14.72 metres;
  • Hole SK-18-037: 6.68 g/t gold, 14.56 g/t silver over 5.50 metres; and
  • Hole SK-18-040: 12.73 g/t gold, 1.71 g/t silver over 4.50 metres.

Skeena says the 21A zone contains a significant portion of the 2018 pit constrained resource including 1.1 million indicated tonnes at 4.9 g/t gold and 72 g/t silver and 2.8 million inferred tonnes at 3.8 g/t gold and 63 g/t silver. The project also has an  underground resources of 2.5 million indicated tonnes at 7.2 g/t gold and 215 g/t silver plus 812,000 inferred tonnes at 7.2 g/t gold and 214 g/t silver.

Eskay Creek was first explored in the 1930s, but it wasn’t until 1995 that the gold mine was officially opened. The mine closed in 2008 having produced about 3.3 million oz. of gold and 160 million oz. of silver.

This article originally appeared in the Canadian Mining Journal. 

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Company Updates From Management – Fri 14 Dec, 2018

Skeena Resources – Recapping This Year and Outlining The Exploration To Come In 2019

Walter Coles, Skeena Resources President and CEO joins me for a year end recap of all the milestones reached by the Company this year. There were a number of key developments on both the Snip Property and the Eskay Creek Property. We also discuss the exploration plans for 2019 which include an update resource for Eskay. The Skeena share price has been under pressure most of the year which Walter addresses at the end of the interview.

If you have any follow up questions for Walter or I please email me at Fleck@kereport.com.

Download audio file (2018-12-14-Walter-Coles-Skeena-Resources.mp3)

Click here to visit the Skeena website for more information on the Company.