Hochschild Mining Share Discussion Threads

[charles clore] 21/9/2018 15:47

They are conducting the market like Toscanini!

[eeza] 21/9/2018 14:48

Quad witching in US today.

[charles clore] 21/9/2018 14:48

ju - soon as they like. JPM will like that

[juju44] 21/9/2018 14:43

They will take it up like they have taken it down. Never think they will fail .They will take it up when it suits them which hopefully will be soon

[charles clore] 21/9/2018 14:36

Until it doesn't, and it's approaching that point now!

[juju44] 21/9/2018 14:33

Abundant reasons why gold should be going up but those dont matter . It goes where the crime machine wants it

[russiaguru] 21/9/2018 14:32

dollar fake decline, look at crypto today XRP up 25%, 100% in a week

[charles clore] 21/9/2018 14:11

juju - last final smack down and then we're up and away :)

[juju44] 21/9/2018 13:57

like I said , Banksters , not the dollar

[stevea171] 21/9/2018 13:43

The cartel petrified of gold and silver taking off. Because when they do there has been so much steam built up from this long period of artificial price suppression they are likely to be unstoppable and rocket very much higher.

[stevea171] 21/9/2018 12:14

Skeena Resources recent announcements:

August 16, 2018
Skeena Intersects 13.80 g/t Gold Over 18.00 Metres at Snip

August 9, 2018
Skeena Intersects 10.52 g/t Gold Over 4.10 Metres at Snip

July 11, 2018
Skeena Intersects 16.02 g/t Gold Over 12.25 Metres at Snip

June 26, 2018
Skeena Intersects 9.14 g/t Au Over 10.2 Meters at Snip

June 14, 2018
Skeena Intersects 36.65 g/t Gold over 2.0 Metres at Snip

[stevea171] 21/9/2018 11:25

HOC's exciting new option on Snip.
Skeena Resources 100% owned, very high grade gold mine at Snip in the golden triangle of British Columbia. Produced 1.1 million ounces of gold at average grade of 27.5 g/t from 1991 to 1999 with a cut off grade of 12 gr/ton.

Since then roads, electricity, infrastructure have been built out into this area that was previously only accessible by plane and the gold price has quadrupled.

Skeena is drilling for 2 million oz gold extension to the former mine.

(7 minute video of Skeena's Snip project)

Snip

Skeena acquired 100% interest in the past-producing Snip mine from Barrick Gold in July 2017. The property consists of one mining lease and four mineral tenures totaling approximately 1,932 hectares in the Liard Mining Division. The Snip mine produced approximately one million ounces of gold from 1991 until 1999 at an average gold grade of 27.5 g/t.The opportunity is to re-examine historic drill intercepts on the Snip property that may indicate mineralization that would be economic with the recent construction of nearby infrastructure and at today’s higher gold prices. Skeena is excited to renew exploration for additional mineralized shoots in a large shear structure which already demonstrated the presence of a million ounce high-grade deposit. With our knowledge of the area and historic connection to the site we are confident we have the team to generate and pursue viable new targets.

Proposed Work Plan

Under the direction of personnel with previous experience on the property, Skeena has reviewed and modelled over 280,000 metres of historical drill data and completed an initial surface drill program of 7,200 metres with encouraging results. Phase 1 of our underground drill program recovered 8,650 metres. The Phase 2 drill program has completed totaling 9,583 m.

History of the Property

The Snip vein mineralization, discovered in 1964 by Cominco geologist Ted Muraro, lay dormant until drilled in 1986 as part of a Cominco joint venture with Netolitzky-led Delaware Resources. Those drill results triggered a massive claim staking rush and exploration boom throughout the Golden Triangle that led to the discovery and development of Barrick Gold’s Eskay Creek (past production of 3.27 million ounces of gold at a grade of 49 g/t and 158 million ounces of silver at 2,406 g/t). Other significant projects in the Golden Triangle include Pretium’s Brucejack and Valley of the Kings gold deposits, Imperial Metal’s Red Chris porphyry copper-gold mine, Teck and Novagold’s Galore Creek deposit, Teck’s Shaft Creek porphyry copper-gold deposit, Seabridge’s porphyry copper-gold Deep Kerr Project, and Ascot’s re-activated Premier Project.

Snip was historically burdened with the high cost of being a stand-alone operation serviced by air via the Bronson airstrip, and by hovercraft from Wrangell, Alaska by way of the Iskut River. This required high grades to ensure economic viability. Additionally, mechanized mining shrunk from approximately 82% of mine production during the first production year (1991), to approximately 16% by 1998, which resulted in a near-doubling of the unit mining cost over the mine life at the same time the gold price fell from a high of US$383 per ounce in 1994 to US$300 per ounce by 1999.

The Golden Triangle district has become one of the most important metal regions in Western Canada and is being further enhanced with recent significantly improved infrastructure, including paving of the Stewart-Cassiar highway north from Smithers, ocean port facilities for export of concentrate at Stewart, and completion of BC Hydro’s 287 kilovolt Northwest Transmission Line from Terrace to Bob Quinn Lake and north to the Red Chris mine. The hydroelectric facility at McLymont Creek, built 2 years ago, is located approximately 20 kilometres east of Snip. Road access to the McLymont Creek facility is currently within 20 kilometres of the Snip mine along predominantly flat terrain in the Iskut River valley bottom.

The prospects for redeveloping the Snip property have improved dramatically, given today’s substantially higher gold prices, subsequent improvements in infrastructure and access, the prospect of remaining high-grade mineralization and exploration upside.

[stevea171] 21/9/2018 10:46

Hi Andy. Thanks for that. For HOC 100p, 150p, 200p are all key numbers here so if there is a 61.8% Fib at 150p that should add extra support. I'm not expecting HOC to go back to 300p+ right now however!

PM's need to convincingly reverse in time and price from this possible bottoming pattern and I'm still expecting the US markets to take some sort of serious hit in the coming weeks/months. Especially October ahead of mid term elections in November.

[juju44] 21/9/2018 10:25

The dollar is not driving the metals . Its the banksters

[andyb02] 21/9/2018 10:21

Hi Stevea, it's looking promising and let's hope this is a bottom but maybe too early to say ... however the 150p level was a 61.8% retracement from the start of the uptrend which started back in mid Jan 2016 ... so hopefully that will provide a little bit more of a confirmation for any chartists among us. The demise of the US$ will also be a tad handy help to the cause too :-) ....

[dogwalker] 21/9/2018 09:48

Doesn't look a snip....

[stevea171] 21/9/2018 09:27

Skeena Options Snip and Receives Investment from Hochschild
Yesterday


VANCOUVER, BC, September 19, 2018 / Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) will issue 7,519,331 flow-through common shares of the Company at a price of C$0.90 per share, which will generate aggregate net proceeds to Skeena of C$6,767,398 (the “Offering”). The Offering price represents a premium of 80% over Skeena’s closing share price on September 19, 2018. Hochschild Mining Holdings Limited (a wholly owned subsidiary of Hochschild Mining plc) (“Hochschild”) will acquire the shares and, after closing will own 8.3% of Skeena’s total issued and outstanding shares. In addition, Hochschild will have the right to participate in future offerings to maintain its percentage interest in Skeena.

In connection with the Offering, Skeena shall grant Hochschild an option (the “Hochschild Option”) to earn a 60% undivided interest in the Company’s Snip Gold Project (“Snip” or the “Project”) located in the Golden Triangle of British Columbia by spending twice the amount Skeena has spent since it originally optioned Snip from Barrick.

Skeena’s CEO, Walter Coles Jr. commented, “We are extremely pleased to have Hochschild as a partner. We consider them one of the best underground mining companies in the world and their interest in Snip should serve as validation of the potential for the Project.”

The Company and Hochschild have entered into a heads of agreement (the “HOA”), which sets out the terms of the Hochschild Option. Under the HOA, Hochschild shall have three years from the closing to provide notice to Skeena that it wishes to exercise its option (the “Option Notice”). Once exercised, Hochschild shall have three years (the “Option Period”) to:
incur expenditures on Snip that are no less than twice the amount of such expenditures incurred by Skeena from March 23, 2016 up until the time of exercise of the Option by Hochschild. (As of June 30 2018, Skeena had incurred C$16.9 million of expenditures at Snip); incur no less than C$7.5 million in exploration or development expenditures on Snip in each 12-month period of the Option Period; and provide 60% of the financial assurance required by governmental authorities for the Snip mining properties.

After completing a minimum spend of C$22,500,000, Hochschild may extend the Option Period by a further period of 12 months by making a cash payment to Skeena of C$1.0 million.

Hochschild will be able to nominate one representative to Skeena’s board of directors so long as it holds at least 5% of the total issued and outstanding common shares of Skeena.

About Snip

Skeena holds a 100% interest in the past-producing Snip mine. The Snip mine produced approximately one million ounces of gold from 1991 until 1999 at an average gold grade of 27.5 g/t. Skeena is currently drilling from underground at Snip in preparation for a maiden resource estimate to be released in 2019.

About Skeena

Skeena Resources Limited 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. The Company’s primary activities are the exploration and development of the past-producing Snip mine and the recently optioned Eskay Creek mine. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.

[charles clore] 21/9/2018 09:23

The banksters know a bargain when they see it and the $US is definitely not a bargain!

[juju44] 21/9/2018 08:51

Not the dollar - the bankers will move the metals

[stevea171] 21/9/2018 08:25

Double bottom on the HOC chart yesterday? With best volume for more than 6 weeks. Is this a turn around moment? FRES has been reversing for 3 days now on strong volume pulling up 75p from its bottom so the big money seems to be at last moving into the PM miners.

Another big drop on the US$ Index yesterday as well closing at 93.90 and continuing to be weak this am so far.

Dow goes to a new high yesterday. Not a cloud in the sky it would seem!!

[dt1010] 21/9/2018 03:54

Ha with raising rates in the states the dollar will keep rising just you watch. Pm bottoms not in.

[juju44] 20/9/2018 19:02

Agree . PM strength/ weakness is crucial

[onedayrodders] 20/9/2018 18:50

Bottom of PMs is the key and will dictate share price bottom IMHO$ weakness encouraging