Business
Skeena Resources Announces Positive Decision on Application for Leave to Appeal Involving Albino Lake Storage Facility
VANCOUVER, BC / ACCESSWIRE / June 15, 2023 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") announces that Justice Fisher of the Court
About this update from Skeena Resources Limited
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 15, 2023 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) (\"Skeena\" or the \"Company\") announces that Justice Fisher of the Court of Appeal for British Columbia has granted the Company's application for leave to appeal from the decision of the Supreme Court of British Columbia, which dismissed the Company's appeal from the February 7, 2022 decision of the Chief Gold Commissioner. The Chief Gold Commissioner had concluded that Richard Mill, and not Skeena, owns the mineral rights to materials contained in the Albino Lake Storage Facility at Eskay Creek. The decision allows Skeena's appeal to proceed. The court decided that Skeena's appeal raises legal issues of sufficient merit to warrant review by the Court of Appeal, and that the proper interpretation of the relevant legislation will be important to the resource extraction industry and other stakeholders. No date has been set for the hearing of Skeena's appeal. The Company will provide updates when more is known. The material contained in the Albino Lake Storage Facility is not part of the Company's Resource or Reserve Statements for Eskay Creek nor has it been included in any studies, including the September 2022 Feasibility Study for the Eskay Creek Project. About Skeena Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Feasibility Study for Eskay Creek in September 2022 which highlights an after-tax NPV5% of C$1.4B, 50% IRR, and a 1-year payback at US$1,700/oz Au and US$19/oz Ag. On behalf of the Board of Directors of Skeena Resources Limited, Walter ColesExecutive Chairman Randy ReichertPresident & CEO Contact Information Investor Inquiries: [email protected] Phone: +1 604 684 8725Company Website: www.skeenaresources.com Qualified Persons In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo., Senior Vice President, Exploration & Resource Development, is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelin...