Company Updates From Management – Wed 15 Jan, 2020

Skeena Resources – Recapping the recent high grade results from Eskay

Already this year Skeena Resources (TSX.V: SKE, OTCQX: SKREF) has released high grade drill results from the Eskay Creek and Snip Projects.

Paul Geddies, VP of Exploration and Resource Development joins me for a recap of the results and a look ahead to what’s next. He shares how the Eskay results compare to historic drill holes and what it could mean for an updated resource.

Click here for the recent news releases out of Skeena.

David Erfle – Gold Market Commentary – Tue 14 Jan, 2020

Levels to watch for gold and GDX and comments on the recent Skeena drill results

Dave Erlfe joins me today to share some the levels he thinks gold and GDX will correct to through this current correction. We then look at the drill results released today by Skeena Resources (TSX.V: SKE, OTCQX: SKREF) from the Eskay Creek Project. As a developing story in the Golden Triangle could this be the next takeover in the area?

Click here to visit Dave’s site and follow along with his newsletter.

Click here to read over the recent news on the Skeena drill results.

Company Updates From Management – Fri 20 Dec, 2019

Skeena Resources – Revisiting the recent bonanza grade drill result from the Snip Project

On December 18th Skeena Resources (TSX-V:SKE & OTCQX:SKREF) released a couple drill results from the Snip Project in the Golden Triangle in BC. Paul Geddies, Skeena’s VP of Exploration and Resource Development joins me to outline the strategy around the drilling of the 200 Footwall at Snip. We also compare the two drill holes, one of which intersected over 1,000g/t gold (1,131.91g/t gold to be exact) at a width of 1.5 meters and the other hole yielded 7.37g/t gold over 6.65 meters. To wrap up the discussion we look ahead to 2020 for the Eskay project and the balance between infill and exploration drilling.

If you have any further questions for the team at Skeena please email me at Fleck@kereport.com.

Click here to visit the Skeena website and read over the recent news.

Company Updates From Management – Tue 3 Dec, 2019

Skeena Resources – Drilling and Financing Updates For Both The Eskay and Snipp Properties

Walter Coles, President and CEO of Skeena Resources (TSX-V:SKE & OTCQX:SKREF) joins me for a comprehensive update on the drill program that is underway at the Eskay Creek Property. 4 drill rigs are now on site with a focus on infill drilling with also an exploration component. The increase in exploration drilling is a new development since the Company reported some good results in new areas. We also touch on the drill program at Snipp which is completed and assay results are pending.

Click here to visit the Skeena website and read over the recent news release on the Eskay drill results.

Weekend Show – Sat 16 Nov, 2019

Hour 1 – Here’s what matters for US Markets and specific metal stock comments

This week we saw more money flow into US markets while the precious metals and bonds also rebounded. Clearly there is a mass of money still on the sidelines that is desperate to find a home. With interest rates remaining low and US economic data not falling off a cliff (although it is slowing) money managers still prefer US markets. However international markets are also extending to 52 week highs.

In this weekend’s first half of this hour we focus on the balance of money flows, with the second half of the hour focused on resource stocks. We review some recent news and some new investments our guests are making.

Please keep in touch by emailing me at Fleck@kereport.com. I love hearing from all of you and do my very best to get all your questions answered.

  • Segment 1 – Trader Vic Sperandeo kicks off the show by sharing his thoughts on what is driving investors into the US markets. We also look ahead to next year and the many factors he think will drive a wide range of sectors.
  • Segment 2 – Dana Lyons and I run through his outlook for US markets, bonds, metals, and even Bitcoin. Pay close attention to what Dana has to say about the balance of where he thinks money will flow.
  • Segment 3 – Brien Leni joins me to share some of the recent investments he is making in resource companies and what news events are driving him to invest his money now.
  • Segment 4 – John Kaiser recaps a couple major news events for Skeena Resources and Osisko Metals over the past two weeks.

Exclusive Company Interviews and Comments From This Week


Trader Vic
Dana Lyons
Brien Leni
John Kaiser

Company Updates From Management – Mon 11 Nov, 2019

Skeena Resources – A Look Into The PEA

Last week Skeena Resources (TSX.V:SKE & OTTQX:SKREF) released a much anticipated PEA on the Eskay Creek Project. Here are some of the key numbers outlined in the news release…

  • High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted)
  • After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag
  • After-tax payback period of 1.2 years
  • Pre-production capital expenditures (CAPEX) of C$303M (US$233M)
  • After-tax NPV:CAPEX Ratio of 2.1:1
  • Life of mine (“LOM”) average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq)
  • LOM all-in sustaining costs (AISC) of C$983/oz (US$757/oz) AuEq recovered
  • LOM cash costs of C$949/oz (US$731/oz) AuEq recovered

Walter Coles, Skeena’s President and CEO joined me for a closer look at the PEA and to answer some of my questions and the questions that were emailed to me by all of you. We focus on the key financial numbers and some of the smaller points like strip ratio and decision to produce and ship a concentrate. We wrap up the interview discussing the options the Company is weighing for the other projects in its portfolio, Snip and GJ.

Please email me if you have any further questions for Walt. My email address is Fleck@kereport.com.

Click here to read over the full news release highlighting the PEA.

Company Updates From Management – Fri 25 Oct, 2019

Skeena Resources – The recent drill result of 314g/t AuEq over 2.21 meters is more exploration than infill drilling

Skeena Resources (TSX-V:SKE & OTCQX:SKREF) announced a round of drill results from the Eskay Creek Project earlier this week that consisted of two types of results. A couple holes were drilled into the Rhyolite zone which will be used to upgrade the current resource from inferred to indicated, which the other drill holes came from the Lower Mudstone area that had not been tested before. See the image below to help understand the different levels.

Walter Coles, President and CEO of Skeena joined me to provide some more details on the drilling and clarify what can be considered infill and what is more exploration. We compare both the infill and exploration results to the known grade of the overall resource as well as get an update on the drill plans into next year. We also touch on the progress of the PEA and when to expect to see that study released.

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 news release. The figures at the bottom of the release really help outline the makeup of the deposit.

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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