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Canada

Eskay Creek Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
SnapshotEskay Creek was previously operated as an underground mine from 1994-2008.

Skeena completed a Definitive Feasibility Study in November 2023 on Eskay Creek.

December 16, 2024 Skeena Resources is pleased to report positive progress on permitting activities for the development of the Eskay Creek Gold-Silver Project. The receipt of the Bulk Technical Sample permit is a major milestone for the company as it grants us the necessary authorizations for all planned development activities at Eskay Creek in 2025.
Latest NewsSkeena Gold & Silver Draws US$45 Million of Funding Under Gold Stream Arrangement; Provides Progress Update on Eskay Creek     January 6, 2025

Owners

SourceSource
CompanyInterestOwnership
Skeena Resources Ltd. (operator) 100 % Indirect
Skeena Resources Limited owns 100% Eskay Creek Gold-Silver Project.

Contractors

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Deposit type

  • VMS
  • Epithermal

Summary:

The Eskay Creek deposit is generally classified as an example of a high-grade, precious metalsrich epithermal volcanogenic massive sulphide (VMS) deposit; however, it has also been suggested to be an example of a subaqueous hot spring gold–silver deposit.

The Project is located along the western margin of the Stikine Terrane, within the Intermontane Tectonic Belt of the Northern Cordillera. It is hosted within the Jurassic rocks of the Stikinia Assemblage at the stratigraphic transition from volcanic rocks of the uppermost Hazelton Group to the marine sediments of the Bowser Lake Group.

Unlike many VMS deposits, Eskay Creek has high concentrations of gold and silver, and an associated suite of antimony, mercury, and arsenic. These mineralization features, along with the high incidence of clastic sulphides and sulphosalts, are more typical of an epithermal environment with low formation temperatures.

Features that would classify Eskay Creek as a subaqueous hot spring gold–silver deposit (Alldrick, 1995) include:
• Broad hydrothermal systems marked by widespread sericite–pyrite alteration;
• Evidence of a volcanic crater or caldera setting;
• Accumulations of felsic volcanic strata.

In the Project area, stratigraphy comprises an upright succession of the Lower to Middle Jurassic Hazelton Group, including andesite, marine sediments, intermediate to felsic volcaniclastic rocks, rhyolite, contact mudstone (host to the main Eskay Creek deposits), and basaltic/andesitic sills and flows. This sequence is overlain by mudstones and conglomerates of the Bowser Lake Group.

These rocks are folded into a gently, northeast-plunging fold, the Eskay Anticline, and are cut by north-, northwest- and northeast-trending fault structures. Regional metamorphic grade in the area is lower greenschist facies.

Several distinct styles of stratiform and discordant mineralization are present within the Eskay Creek Project, defined over an area approximately 1,400 m long and up to 500 m wide. The main body of mineralization, predominantly mined out in 2008, is the 21B Zone, which was a stratiform tabular body of gold–silver-rich mineralization roughly 900 m long, 60 to 200 m wide, and locally exceeding 20 m thick. Individual clastic sulphide beds range from 1–100 cm thick and become progressively thinner up sequence.

Mineralized zones are composed of beds of clastic sulphides and sulphosalts containing variable amounts of barite, rhyolite, and mudstone clasts. Imbricated, laminated mudstone rip-up clasts were observed locally at the base of the clastic sulphide–sulphosalt beds, indicating turbiditic emplacement of some beds. In the thickest part of the zone, pebble and cobble-sized clasts occur in a northward-trending channel overlying the rhyolite. The beds grade laterally over short distances into thinner, finer-grained, clastic beds and laminations.

Gold and silver occur as electrum and amalgam while silver mainly occurs within sulphosalts. Precious metal grades generally decrease proportionally with a decrease in total sulphides and sulphosalts. Clastic sulphoside beds contain fragments of coarse-grained sphalerite, tetrahedrite, lead-sulphosalts with lesser freibergeite, galena, pyrite, electrum, amalgam, and minor arsenopyrite. Stibnite occurs locally in late veins, as a replacement of clastic sulphides, and appears to be confined to the central, thickest part of the deposit, suggesting a locus for late hydrothermal activity. Cinnabar is rare and is found associated with the most abundant accumulations of stibnite. Barite occurs as isolated clasts, in the matrix of bedded sulphides and sulphosalts, and also as rare clastic or massive accumulations of limited extent. Barite is more common towards the north end of the deposit.

Stratiform-Style Mineralization
Stratiform style mineralization is hosted in black carbonaceous mudstone and sericitic tuffaceous mudstone of the informally-defined Contact Mudstone located between the Rhyolite and the Hanging Wall Andesite. The stratiform-hosted zones include the 21B Zone, the NEX Zone, the 21A Zone (characterized by arsenic–antimony–mercury sulphides), the barite-rich 21C Zone, and the 21Be Zone. Stratigraphically above the 21B Zone, and usually above the first basaltic sill, the Mudstones also host a localized body of base metal-rich, relatively precious metals-poor, massive sulphides referred to as the Hanging Wall or HW Zone.

Discordant-Style Mineralization
Stockwork and discordant-style mineralization at Eskay Creek is hosted in the Rhyolite within the PMP, 109, 21A, 21B, 21Be, 21C, 21E, Water Tower, and 22 Zones. Descriptions of the discordant-style mineralized zones are modified after Roth et al. (1999).

Gold and silver occur as electrum and amalgam while silver mainly occurs within sulphosalts. Precious metal grades generally decrease proportionally with a decrease in total sulphides and sulphosalts. Clastic sulphoside beds contain fragments of coarse-grained sphalerite, tetrahedrite, and lead–sulphosalts, with lesser freibergeite, galena, pyrite, electrum, amalgam, and minor arsenopyrite. Stibnite occurs locally in late veins, as a replacement of clastic sulphides, and appears to be confined to the central, thickest part of the deposit, suggesting a locus for late hydrothermal activity. Cinnabar is rare and is found associated with the most abundant accumulations of stibnite. Barite occurs as isolated clasts, in the matrix of bedded sulphides and sulphosalts, and also as rare clastic or massive accumulations of limited extent. Barite is more common towards the north end of the deposit.

The Eskay Creek deposit retains exploration upside, along strike and at depth, in particular the potential to identify well-defined, mineralized syn-volcanic feeder structures that propagate through the volcanic pile.

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Gold Metal in concentrate koz 2302,800
Silver Metal in concentrate koz 6,67481,140
Gold Equivalent Metal in concentrate koz 3243,937
Gold-Silver Concentrate kt 1,574

Operational metrics

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* According to 2023 study.

Production Costs

CommodityUnitsAverage
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* According to 2023 study / presentation.
** Net of By-Product.

Operating Costs

CurrencyAverage
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* According to 2023 study.

Project Costs

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OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 763.5
Refining and transportation $M CAD  ......  Subscribe
G&A costs $M CAD 326.2
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Required Heavy Mobile Equipment

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Personnel

Mine Management

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Aerial view:

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