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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

Comment by AlwaysLong683on May 28, 2024 4:27am
259 Views
Post# 36059802

RE:thoughts for metal

RE:thoughts for metalWas not aware of the issue with Southeast Alaska Indigenous Transboundary Commission - thanks for bringing it to our attention temple.

Here's an article on the subject courtesy CBC News.

The local Tahltan Nation in B.C. supports the Eskay Creek project, so I didn't realize there was a potential issue with a community that exists outside the country.

I think it might be wise to watch how this plays out before investing in SKE as the company may have to go through extended litigation given the Supreme Court of Canada's 2021. That said, it appears SATIC simply wants to be at the table and have their concerns satisfied and not determined to prevent the project from going forward regardless of what modifications SKE is willing to make. The other issue is, how much more money might it cost SKE to meet the agreed-upon concessions (if any). Perhaps SKE should sit down with the Alaskan organization and see if they can come to an agreement on their own instead of potentially dragging this through the courts. For one, a credit facility would be harder to obtain if there's a significant existing threat of a roadblock toward full permitting of the mining operation.



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