The permit approval is also significant, Coles added, as it is a condition for the release of the full $200 million gold stream funding from Orion Resource Partners. Skeena already received $5 million from the initial tranche when the deal was signed in June.
Shares of Skeena Resources traded 3.5% higher at C$13.51 apiece following the announcement, giving the company a market capitalization of C$1.46 billion.
The bulk sample application has been the subject of consultation with local indigenous groups and communities. Additional work, including environmental baseline monitoring, engineering design, and safety and reclamation studies, has been completed to support the bulk sample program, Skeena said.
The Eskay Creek project is host to what used to be one of the world’s highest-grade gold mines. Skeena’s aim is to bring back the former underground mine, which operated from 1994 to 2008, as an open pit with a…
