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Skeena wins British Columbia high court's ruling in Elizabeth project dispute

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Skeena wins British Columbia high court's ruling in Elizabeth project dispute

The Supreme Court of British Columbia ruled in favor of Skeena Resources Ltd. regarding a dispute over the company's option to earn a 100% equity interest in the mineral and Crown-granted claims called the Elizabeth gold property, the company said Aug. 3.

This disagreement was ongoing when Skeena acquired Sona Resources Corp. in September 2016.

The court concluded that the option deals covering the Elizabeth property remain in force and effect and that the purported terminations of the deals by the plaintiffs were invalid. Ultimately, the plaintiffs' claims were dismissed and Sona was awarded costs.

Following the closing of the appeal period, Skeena will undertake a detailed project review. The company will consider either joint venture participation or option opportunities to advance the Blackdome and Elizabeth projects.

Meanwhile, Skeena's primary efforts remain focused in the Golden Triangle, in particular on exploration at the company's wholly owned Snip gold project.