Hole SK-22-1054 intersected 40.67 metres grading 1.79 grams gold and 32 grams silver per tonne or 2.15 grams gold equivalent per tonne, Skeena said.
Andrew Mikitchook, an analyst based in Toronto for BMO Capital Markets, said the discovery reinforces the potential for additional resources to be defined between the main and south pits.
“The results suggest potential for an expanded pit that could capture additional mineralization early in the mine life, adding to the economics of the project,” Mikitchook said in a note on Tuesday.
Last week Skeena extended the 21A West zone with an intercept of 17.2 metres grading 7.91 grams gold per tonne within the planned pit shell and only 14 metres below surface.
“Between this new discovery and other recent discoveries or extensions to existing zones, there remains significant exploration leverage at Eskay Creek,” Mikitchook said.
The company noted how the area east of the 22 Zone…
