trending Market Intelligence /marketintelligence/en/news-insights/trending/uujIOUonmal0-xP9LwZduQ2 content esgSubNav
In This List

Skeena defines maiden resource for Spectrum gold-copper project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Skeena defines maiden resource for Spectrum gold-copper project

SkeenaResources Ltd. has delivered a maiden resource for its gold-copperproject in British Columbia.

The Vancouver, Canada-based company said April 25 that theCentral Zone of the project now hosts an indicated resource of around 9.0million tonnes at 1.04 g/t of gold, 6.58 g/t of silver and 0.11% coppercontaining 290,000 ounces of gold, 1.8 million ounces of silver and 20.8million pounds of copper.

The zone also has an additional 22.6 million tonnes in theinferred category, with average grades of 1.03 g/t of gold, 3.85 g/t of silverand 0.11% copper containing 750,000 ounces gold, 2.8 million ounces silver and54.9 million pounds of copper.

Drilling to date shows that the Central Zone extends fromsurface to 400 meters deep and remains open to the west, south, north and atdepth.

Chairman Ron Netolitzky said the Spectrum resource should beconsidered preliminary as it is still open to expansion to the west, north andsouth where porphyry gold-copper mineralization was recognized late in the 2015field season.

"In addition, copper and silver assays are lacking formany historic holes," he said. "We consider it somewhat premature tobe issuing a resource estimate when the deposit has not been fully drilled off."

Skeena is aiming to further expand the gold-copper resourcewith wide-spaced drilling and to begin to define resources on otherhigh-priority gold and gold-copper targets at Spectrum that have had little orno drilling to date.