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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Metals & Mining Gold
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

Skeena Resources Ltd
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Post by AlwaysLong683on Nov 15, 2023 1:21am
232 Views
Post# 35736077

SKE = A Silver and Gold Play

SKE = A Silver and Gold PlayNo wonder they call it Skeena "Resources", not Skeena Gold.

From page 7 of their Fall 2023 Slide Presentation:

2022 Reserves:
Proven:       2M ounces Au      55M ounces Ag
Probable:   0.9M ounces Au    21M ounces Ag

2023 Resources:
Measured:  3M ounces Au       80M ounces Ag
Indicated:    1.1M ounces Au   23M ounces Ag

From their November 14, 2023 press release re. their "Definitive" Feasibility Study:

Proven and Probable: 3.3M ounces Au    88M ounces Ag

Also, notice the "AuEq" metric they are using in their production numbers.

So, if you are bullish on silver as well as gold and trust the management team,to deliver on their Feasibility Study projections, this would be a company worthy of your consideration.

Will be interesting to see the investment community's reaction to this updated FS re. where this stock will close tomorrow....

Will also be interesting to see if Chairman Coles and President / CEO Reichert start buying some shares using money out of their own pockets.....






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