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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Post by metalhead666on Apr 14, 2023 7:21am
360 Views
Post# 35394646

Good news...the Richard Mills case has been heard...

Good news...the Richard Mills case has been heard...You should be familiar with this. The case between him and Orogenesis was heard in late March. I would expect a final decision to be made soon as to who has the claim to the waste rock in Albino Lake. Once this is finally settled it's just a matter of Skeena cutting a deal so that we can harvest a million high grade easy to get ounces. 

There is no way the winner of this court case will or can mine these ounces. They will be 100% responsible for the care and mantenence of Albino Lake with no ability to monetize it. They will settle with Skeena for some $ amount, shares, royalty or combination. That million ounces of easy to grab gold will be going through our mill. It will likely carry the resource to the 6 million ounce mark.

I would expect a significant jump in the share price once a deal is struck between Skeena and whomever has won the claim over Albino Lake.

Very good news indeed that this is finally wrapping up! 
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