Skeena Resources Ltd (SKE)

[wshaw14]

https://finance.yahoo.com/news/skeena-retains-100-ownership-snip-113000232.html

VANCOUVER, BC / ACCESSWIRE / April 5, 2023 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") announces that, effective immediately, Hochschild Mining PLC ("Hochschild") has terminated its option to earn into 60% of the Snip Gold Project ("Snip" or the "Project") in the Golden Triangle of British Columbia, Canada. This results in Skeena reassuming management of the Project and retaining 100% ownership.

Hochschild informed Skeena that they have satisfied the minimum annual expenditure requirements as highlighted in Skeena's September 19, 2018 news release. This implies that, at minimum, Hochschild has spent C$15 million on Snip to date. Skeena will receive all data and information generated by Hochschild since their notification of intent to earn into a 60% interest on October 15, 2021.

Randy Reichert, Skeena's President & CEO, commented "We are thrilled to have 100% of Snip back in our portfolio. In the months ahead, Skeena plans to investigate opportunities to bolster the Eskay Creek mine life by processing Snip ore at the Eskay Creek mill."
Skeena Resources Limited, Wednesday, April 5, 2023, Press release picture