The transaction will add over 740 sqkm of land to Skeena’s holding, for a sevenfold increase. It will also provide the company “one of the largest land positions” in the Golden Triangle in BC., the company’s CEO Walter Coles said in a press release.
“The KSP and Kingpin properties are proximal to our Eskay Creek and Snip projects and appear to have the same geological hallmarks that have hosted other large gold systems in the area,” said Coles. “Involving Newmont on these transactions has allowed Skeena to acquire these strategically important land packages while minimizing share dilution.”
Newmont said that portions of the properties it plans to acquire will be to “protect and conserve lands” under the Tahltan Stewardship Initiative, a program that deals with the protection of natural resources in Tahltan territory. The approach rose from British Columbia’s Declaration on the Rights of Indigenous People’s…
