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Skeena Resources Provides Update on Near Term Value-Generating Catalysts
VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / Skeena Resources Limited (TSX:SKE), (NYSE:SKE) ("Skeena" or the "Company") is pleased to provide an update on sever
About this update from Skeena Resources Limited
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / Skeena Resources Limited (TSX:SKE), (NYSE:SKE) (\"Skeena\" or the \"Company\") is pleased to provide an update on several near-term catalysts expected to drive growth at its 100% owned Eskay Creek and Snip Projects (the \"Projects\") located in the Golden Triangle of northwest British Columbia, Canada. This update is mainly focused on technical optimization of the Projects, specifically related to exploration, metallurgy, and engineering studies. Randy Reichert, Skeena's President & CEO, commented \"We anticipate 2023 to be a transformational year for the Company as we progress from exploration and project studies into development. Skeena's primary focus is continued growth at both Projects through advancement of engineering and metallurgical optimization. Several near-term milestones are expected in the second half of this year with a goal of growing the mine life and net present value of Eskay Creek, continuing to increase value for all stakeholders.\" Table 1: Near Term Value-Generating Catalysts for Skeena Catalyst Expected Completion Date Updated Mineral Resource Estimate for Eskay Creek Completed Q2 2023 Increased Land Package Surrounding Eskay Creek Completed Q3 2023 Metallurgical Optimization & Simplified Flowsheet at Eskay Creek Expected Q3 2023 Updated Mineral Resource Estimate for Snip Expected Q3 2023 Exploration Results from Eskay Creek Expected Q3/Q4 2023 Definitive Feasibility Study for Eskay Creek Expected Q4 2023 Maiden Engineering Study for Snip Expected Q1 2024 Below highlights the details of the key technical updates in Table 1 that Skeena has recently completed or expects to complete in the near-term at both Eskay Creek and Snip. Updated Mineral Resource Estimate for Eskay Creek (completed Q2 2023) Skeena published an updated Mineral Resource Update (\"MRE\" or \"Resource\") for Eskay Creek on June 20, 2023. This update highlighted a total increase of 8%, adding over 430,000 gold equivalent[1] (\"AuEq\") ounces to the MRE. With 73% of the Resource now being in the Measured and Indicated categories the Company expects a large percentage to convert to Reserves, potentially adding a year or more of mine life to Eskay Creek in the Q4 2023 Definitive Feasibility Study (\"DFS\"). Increased Land Package Surrounding Eskay Creek (completed Q3 2023) T...