Inferred resources add 96.9 million tonnes.

Proceeds will be directed towards Skeena's exploration of the past-producing Eskay Creek gold-silver mine in British Columbia's Golden Triangle.

The deposit is now estimated to contain 18.1 million inferred tonnes averaging 0.85 g/t gold for 494,000 contained oz of gold.

The company secured rights to earn up to 90% of 28 mining claims and 1 mineral lease totaling 4,968 Hectares covering the Sherridon mining district.

The licences are adjacent to the Bulyanhulu mine and have the potential to add significant mineral reserves to Barrick’s asset base in Tanzania, the company said

A formal construction decision is expected in early 2022.