Mr. Randy Reichert reports
SKEENA PROVIDES UPDATE ON ALBINO WASTE STORAGE FACILITY
On Nov. 22, 2022, Skeena Resources Ltd. received the decision of Justice Iyer of the B.C. Supreme Court, dismissing its appeal of the B.C. chief gold commissioner's decision in Richard Mill v. Skeena. Refer to Skeena's press release dated Feb. 8, 2022, for a description of the commissioner's decision. Skeena intends to appeal this decision.
This decision does not, in any way, affect the economics, resources or reserves as highlighted in the company's 2022 feasibility study for Eskay Creek.
About Skeena Resources Ltd.
Skeena is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in the 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 open-pit average grade of 4.00 grams per tonne gold equivalent, an after-tax net present value discounted at 5 per cent of $1.4-billion, a 50-per-cent internal rate of return and a one-year payback at $1,700 (U.S.) per ounce gold and $19 (U.S.) per ounce silver. Skeena is currently continuing exploration drilling at Eskay Creek.
In accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects), Paul Geddes, PGeo, senior vice-president, exploration and 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 (Canadian Institute of Mining, Metallurgy and Petroleum) Best Practices Guidelines in conducting, documenting and reporting the exploration activities on its projects.
We seek Safe Harbor.
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