Skeena Resources Ltd T.SKE

Skeena Resources Loses Rights To Historic Minerals At Storag

[AwareInvestor]

If you’re a gold explorer or producer, always own the mineral rights underneath the land in which you operate. It may seem like common sense, but for Skeena Resources, it may turn out to be an expensive lesson.

https://thedeepdive.ca/skeena-resources-loses-rights-to-historic-minerals-at-storage-facility/

[Ridgeback]

Skeena Responds to Chief Gold Commissioner's Decision on Material in Eskay Creek Albino Lake Storage Facility VANCOUVER, BC / ACCESSWIRE / February 8, 2022 / Skeena Resources Limited (TSX:SKE, NYSE:SKE) ("Skeena" or the "Company") responds to the decision made by the Chief Gold Commissioner on the materials in the Albino Lake Storage Facility at the past-producing Eskay

[Ridgeback]

This is a very bizarre situation I wonder what that does for other tailings ponds when the mines were closed and reopened at a later date for reclaiming tailings or restarting under a new ownership? Closed mine" means a mine at which all mining activities have ceased but in respect of which the owner, agent, manager or permittee remains responsible for compliance with this Act, the

[BSdetector2016]

All it means is that Coles et al did not do adequate due diligence risk assessment for this part of the project.

[stopedout]

Bonus this year should be zero for all those in the c suite.

[Rockaur99]

Ridge, I am pretty sure the decision will be overturned. definition from Mineral Titles mineral: means an ore of metal, or a natural substance that can be mined, that is in the place or position in which it was originally formed or deposited or is in talus rock mineral tenure / lease - means a claim to the minerals within an area which has been located or acquired by a method set out

[Ridgeback]

I'm sure Ske will win the ownership of what has been deposited in the pond but at a cost. The guy causing the issue looks tuff and is likly looking for some kind of payout for doing nothing but having an old claim someone missed in all the details. Sort of like a bad tennant that won't pay the rent and eviction does not come without some pain to remove.

[seveneleven711]

SKE should fire the one who's job was to not miss this detail and hire the one who didn't miss the detail.

[eldreco]

Seveneleven, A valid sentiment - but I seem to recall that the claim was allowed to lapse under Barrick's watch.  If you find out differently, let us know - but I think that I am correct in this. Makes some sense - with a closed mine...but on-going maintenance costs...who wouldn't want to reduce the ongoing costs?  Particularly if Barrick knew that it was "dead-rock"

[Ridgeback]

Great posts, no doubt Ske is taking action. However this guy is Bad News. A guy with a right to resources. Perhaps never done well by Barrick and Skeena?Google the name. This guy has noting to loose.