The Company’s primary activities are the exploration and development of the past-producing Eskay Creek mine, which contains an open-pit resource of 2.6 million ounces at 5.9 g/t AuEq in the Indicated category and 1.4 million ounces at 3.0 g/t AuEq in the Inferred category. The Company recently completed a Preliminary Economic Assessment (PEA) on Eskay Creek which highlights an after-tax NPV5% of C$638M, 51% IRR and a 1.2-year payback at US$1,325/oz Au. Skeena is also exploring the past-producing Snip gold mine.
Discovered in 1988, the former Eskay Creek Mine was the highest-grade gold mine in the world when it was in production. Eskay produced 3.3 million ounces of gold and 160 million ounces of silver at average grades of 45 g/t gold and 2,224 g/t silver from 1994 -2008.
Skeena released an updated resource for Eskay Creek in November 2019 along with a Preliminary Economic Assessment which contains 2.6 million ounces at 5.9 g/t AuEq in the Indicated category and 1.4 million ounces at 3.0 g/t AuEq in the Inferred category. Skeena is aggressively advancing Eskay towards a Pre-Feasibility Study which is expected to be released in H1 2021.See More