The share price of Vancouver-headquartered Skeena Resources advanced 14% on Thursday, after the company outlined the potential of its Eskay Creek gold/silver project in a preliminary economic assessment (PEA).
Located in the Golden Triangle of British Columbia, Eskay Creek is a past-producing mine that operated as an underground until 2008. The PEA outlines a plan for the mine to reopen as an openpit site, producing an average of 306 000 gold-equivalent ounces (GEO) a year, with a diluted mill feed grade of 4.17 g/t GEO.