New Found Gold Corp V.NFG

Skeena

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Eskay Creek, Golden Triangle BC

Tucked away in the Unuk and Iskut River region along the rugged north coastal mountains of British Columbia lies Eskay Creek. During its peak, Eskay Creek was THE highest-grade gold producer on the planet. It had no equal.

During its 14-year run, Eskay Creek produced 3.3 million ounces of gold at a breathtaking 45 g/t Au, plus 160 million ounces of silver at an equally impressive 2,224 g/t Ag.

Today, Skeena Resources is targeting mineralization left over by the previous operator—mineralization closer to the surface—in one of the planet's highest grade open pit resources. The company now boasts a weighty feasibility study backstopping its resource—Skeena Completes Robust Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$1.4B, 50% IRR, and 1 Year Payback.

The values in the text of the headline speak volumes.

Life of mine production rings in at 3.2 million AuEq ounces from 2.4 million ounces of gold and 66.7 million ounces of silver. As noted in the headline text, the payback period—the time required to recoup the costs to build the mine—is only one year.