Exploring B.C.'s prolific Golden Triangle

Potential Quantity and Grade of Gold Mineralization (1.8 - 1.9 Million Ounces @ 1.12 - 1.35 G/t) at Treaty Creek

Message: Industry Bulletin: Newcrest Buys Property in the Golden Triangle

(Kitco News) - After buying Red Chris Mine last summer from Imperial Metals, Newcrest Mining (ASX:NCM) has now bought another northwest B.C. property, Skeena Resources' GJ Copper-Gold Property for $7.5 million in cash.

“Advancing the Eskay Creek project is Skeena’s primary focus. Therefore, we are divesting the GJ Property and the Blackdome-Elizabeth property as a way to raise funds for Eskay while incurring the least amount of equity dilution possible to our shareholders,” said Walter Coles, Skeena’s CEO.

Skeena Resources (TSX.V:SKE) is currently focused on the exploration and development of the past-producing Eskay Creek mine and Snip mine.

SOURCE: https://www.kitco.com/news/2020-02-05/Newcrest-buys-property-in-the-Golden-Triangle.html

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