Skeena Resources sells its interest in the GJ copper-gold property to Newcrest for C$7.5 M
May 01, 2020
7.50 Million CAD
On May 1, 2020, Skeena Resources Limited closed its sale of 100% interest in the GJ Copper-Gold Property to Newcrest Mining for C$7.5 million in cash. The GJ property is 43,500 hectares of land situated about 30 km west of Newcrest's Red Chris mine in the Golden Triangle of northwest British Columbia. Skeena's strategic disposition of the GJ Property was to enable it to focus on advancing the Eskay Creek mining project.
Skeena is a junior Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada.
McCarthy Tetrault advised Skeena Resources with a team led by Dan Bornstein that included Glynnis Morgan and Barbara Wang.