Skeena Resources (TSXV: SKE; US-OTC: SKREF) has updated the resource estimate for the Donnelly and North Donnelly copper-gold deposits on its GJ property, in the prolific Golden Triangle of northwestern B.C.
The junior acquired the 383-km2 GJ property last October from joint venture partners Teck Resources (TSX: TCK.B; NYSE: TCK) and NGEx Resources (TSX: NGQ; US-OTC: NGQRF). NGEx – a reincarnation of Canadian Gold Hunter (CGH) and Curator Resources – held a 49% in GJ, while Teck was the majority owner.
The Donnelly and North Donnelly deposits now host 133.67 million measured and indicated tonnes at 0.32% Cu and 0.36 g/t Au for 940.23 million lb of copper and 1.56 million oz of gold, using a 0.2% Cu cut-off.
Compared to CGH’s 2007 resource of 123 million indicated tonnes at 0.314% Cu and 0.352 g/t Au for 852 million lb of copper and 1.39 million oz of gold, contained copper and gold have increased by 10.4% and 12% respectively. Tonnage has improved by 9%, at the same cut-off.
Read the complete article at NorthernMiner.com/news/skeena