Overview

Gold Projects in British Columbia

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company’s primary activities are the exploration and development of the past-producing Snip mine and the recently optioned Eskay Creek mine, both acquired from Barrick. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.

Gold Mines in Golden Triangle BC

Project Locations - British Columbia's Golden Triangle Area

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Snip

Snip

  • Reclaimed former high-grade producer located in northwest British Columbia.
  • From 1991-1999 Snip produced 1.1 million ounces of gold at an average grade of 27.5 g/t.
  • Excellent available infrastructure, including an airstrip, a new nearby hydro development, and proximity to power and roads.
  • Ron Netolitzky, Chairman of Skeena, was instrumental in developing the deposit and is intimately familiar with the area and its history.
  • 8,650 m underground drill program completed in 2017.
  • Completed the 9,583 m Phase II surface and underground drilling program
  • Maiden NI 43-101 Resource estimate – 2019
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Eskay Creek

Eskay Creek

  • Option to Acquire secured in December 2017 from Barrick.
  • Produced 3.3 million ounces of gold & 160 million ounces of silver at average grades of 45 g/t Au & 2,224 g/t Ag from 1994 to 2008.
  • Precious & base metal-rich VMS.
  • Historical database containing 7,881 drill holes totaling 706,904 metres (surface & underground).
  • 2018 Surface drilling has completed at Eskay Creek totaling 7,732.45 metres
  • Recently announced maiden resource estimate for Eskay Creek.
  • The total Indicated resource includes 1,021,000 AuEq ounces. 207,000 of which is pit constrained and averages a 5.9 g/t AuEq and 814,000 underground which averages 10.1 g/t AuEq.
  • Total Inferred resource is 850,000 AuEq ounces with 589,000 ounces pit constrained averaging 4.3 g/t AuEq and 261,000 ounces underground averaging 10.0 g/t AuEq
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GJ

GJ

  • 43,500-hectare gold-copper property consisting of 93 contiguous mineral claims situated approximately 30 km west of Imperial Metals’ Red Chris Mine in northwest British Columbia.
  • Initial PEA results released in April 2017: GJ has a 25-year mine life with a low initial capex of CAD $216 million, a pre-tax 8% NPV of CAD $546 million and a 27% IRR.
  • The property consists of two separate mineral resource estimates approximately 14 km apart: the porphyry copper-gold Donnelly Deposit at GJ (Donnelly) and the porphyry gold-copper Spectrum Central Zone (Spectrum).
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