Skeena hits more high grades at Eskay Creek
Eskay Creek gold project Credit: Skeena
Infill results from Skeena Resources' Eskay Creek property within British Columbia's Golden Triangle continue to return high grade intersections and confirm the mineral resource limits.
Drill highlights include:
31.3 metres of 14.82 g/t gold-equivalent from the 21A zone;18.3 metres of 15.96 g/t gold-equivalent, also from the 21A zone; and21 metres of 6.24 g/t gold equivalent from the 21E zone.Four surface rigs targeted the 21A, 21E and hangingwall zones at the past-producing site. This drilling was aimed at upgrading inferred resources to the indicated category. Exploration and infill work is expected to restart in mid-February.
Based on an update released at the end of February 2019, indicated resources at Eskay Creek stand at 13.5 million tonnes grading 5.9 g/t gold-equivalent for a total of 2.6 million gold-equivalent oz. with additional inferred resources of 14.7 million tonnes at 3 g/t gold-equivalent for a total of 1.4 million oz. The majority of current resources are pit-constrained.
Barrick Gold retains a back-in right to purchase a 51% interest in the Eskay Creek project, exerciseable for a 12-month period following the release of a resource of at least 1.5 million oz. of gold-equivalent for the property.
Earlier this month, Skeena announced the sale of the GJ property to Newcrest for C$7.5 million in cash as well as the sale of the Blackdome-Elizabeth property to Tempus Resources for C$500,000 in cash.
(This article first appeared in the Canadian Mining Journal)