Skeena bolsters Golden Triangle exploration with C$3.9 million

Skeena Resources Ltd. July 18 said it raised C$3.93 million during the second tranche of an over-subscribed, non-brokered private placement. Through the first two tranches of the financing, Skeena has raised gross proceeds of C$7.73 million and the final tranche is expected to close soon.

Funds raised from this financing will be used for drilling at the Snip gold property, as well as for exploration programs on the Spectrum and GJ gold-copper properties and for general working capital purposes.

All three of the properties are located in the Golden Triangle region of northwestern British Columbia.

Skeena said a first phase of prospecting, geological mapping and induced polarization geophysical surveying is nearing completion at Spectrum-GJ. Resource expansion drilling began at Spectrum on July 5.

-SHANE LASLEY