VANCOUVER — When Delaware Resources’ Ron Netolitzky cracked open a rock high in the Skeena Mountains of northwestern B.C. in 1986, the sound of his hammer echoed through the valley.
What he had cracked into was the Snip gold deposit – a shear hosted vein system incising the mountainside and loaded with enough high grade gold to spark a frenzy on Howe Street and beyond.
The deposit – first noted by Cominco geologist Ted Muraro in 1964 – began production in 1991 under Homestake Canada, producing 1 million oz of gold at grades of 25 g/t Au and a 12 g/t reserve cut-off, before low gold prices forced the operator to shut down the operation in 1999.
Thirty years later, Netolitzky – now chairman of Skeena Resources (TSXV: SKE; US-OTC: SKREF) and a recent inductee into the Canadian Mining Hall of Fame – has struck a deal that will blow the dust off one of B.C.’s more intriguing pieces of historical mining real estate.
Read the entire story at www.NorthernMiner.com/news/netolitzky