Gold price steadies as traders focus on uncertain 2025 rate path
Gold has hit successive records this year and is set to close 2024 more than 25% higher.
The past-producing Eskay Creek gold mine once had the highest grade in the world, and if Vancouver-based Skeena Resources keeps drilling bonanza grades – 18.13 g/t over 22.7 metres in the new high grade vent – it may be in the running again for the title.
Skeena has two drills working at Eskay Creek, and in the 21A zone the following highlights are noted:
The 21A zone has a high grade hydrothermal vent (holes 57 and 58) that is considerably thicker than the mineralization hosted in the tabular contact mudstone previously drilled. The find has Skeena believing there is additional resource tonnage to be found during infill drilling.
Ausenco Engineering Canada is preparing a preliminary economic assessment of the Eskay Creek project. It should be ready by the end of this year.
(This article first appeared in the Canadian Mining Journal)
