Skeena Announces Updates to Management Team
Skeena Announces Updates to Management Team
Vancouver, BC (January 11, 2023) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena”
or the “Company”) announces that, effective immediately, Skeena’s Chief Operating Officer (“COO”),
Shane Williams, has left the Company to pursue other endeavours. Randy Reichert, President & CEO,
will temporarily assume the duties of COO in addition to his normal role.
“On behalf of the Board and all Skeena employees, I want to thank Shane for his contributions to the
Eskay Creek Project. We wish him well in his future endeavors, " stated Walter Coles, Executive
Chairman.
In addition, Skeena is pleased to announce the promotion of Adrian Newton to Vice President (“VP”)
of Exploratio n. Reporting to Paul Geddes, Skeena’s Senior Vice President of Exploration and
Resource Development, Mr. Newton is an integral member of the exploration management team. He
will continue to oversee exploration programs and assist with the strategic growth of the Company’s
portfolio of projects in the Golden Triangle. Mr. Newton has worked on Skeena’s Exploration Team for
almost 5 years and has over 18 years of precious metal s focused international experience working
with junior exploration through to major mining companies.
The Company’s President & CEO, Randy Reichert, commented “It is a pleasure to have Adrian move
into the VP of Exploration position. Adrian has demonstrated his technical prowess with the Eskay
Creek deposit and has been instrumental in the recent exploration successes on the Project”.
About Skeena
Skeena Resources Limited is a Canadian mining exploration and development company focused on
revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden
Triangle of northwest British Columbia, Canada. The Company released a Feasibility Study for Eskay
Creek in September 2022 which highlights an open -pit average grade of 4.00 g/t AuEq, an after -tax
NPV5% of C$1.4B, 50% IRR, and a 1-year payback at US$1,700/oz Au and US$19/oz Ag. Skeena is
currently continuing exploration drilling at Eskay Creek.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr. Randy Reichert
Executive Chairman President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
Qualified Persons
In accordance with National Instrument 43 -101 Standards of Disclosure for Mineral Projects, Paul
Geddes, P.Geo., Senior Vice President, Exploration & Resource Development, is the Qualified Person
NR: 23-02 | January 11, 2023
for the Company and has prepared, validated, and approved the technical and scientific content of
this news release. The Company strictly adheres to CIM Best Practices Guidelines in conductin g,
documenting, and reporting the exploration activities on its projects.
Cautionary note regarding forward-looking statements
Certain statements and information contained or incorporated by reference in this news release constitute “forward-looking
information” and “forward -looking statements” within the meaning of applicable Canadian and United States securities
legislation (collectively, “forward-looking statements”). These statements relate to future events or our future performance.
The use of words s uch as “anticipates”, “believes”, “proposes”, “contemplates”, “generates”, “targets”, “is projected”, “is
planned”, “considers”, “estimates”, “expects”, “is expected”, “potential” and similar expressions, or statements that certain
actions, events or resul ts “may”, “might”, “will”, “could”, or “would” be taken, achieved, or occur, may identify forward -
looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-
looking statements contained he rein include, but are not limited to, statements regarding the results of the Feasibility
Study, processing capacity of the mine, anticipated mine life, probable reserves, estimated project capital and operating
costs, sustaining costs, results of test wor k and studies, planned environmental assessments, the future price of metals,
metal concentrate, and future exploration and development. Such forward -looking statements are based on material
factors and/or assumptions which include, but are not limited to, the estimation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future
exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals,
environmental risks, title disputes and the assumptions set forth herein and in the Company’s MD&A for the year ended
December 31, 2021, its most recently filed interim MD&A, and the Company’s Annual Information Form (“AIF”) dated
March 31, 2022. Such forward -looking statements represent the Company’s management expectations, estimates and
projections regarding future events or circumstances on the date the statements are made, and are necessarily based on
several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not
guarantees of future performance. Actual events and results may differ materially from those described herein, and are
subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties
that may affect the forward -looking statements in this news release include, among others: the inherent risks involved in
exploration and development of mineral prope rties, including permitting and other government approvals; changes in
economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other
factors, including accidents, equipment breakdown, bad weather and o ther project execution delays, many of which are
beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors
identified in the Company’s MD&A for the year ended December 31, 2021, its most recently filed interim MD&A, the AIF
dated March 31, 2022, the base shelf prospectus dated November 11, 2020, the prospectus supplement to the Company’s
base shelf prospectus dated September 20, 2022 and in the Company’s other periodic filings with securities and regulatory
authorities in Canada and the United States that are available on SEDAR at www.sedar.com or on EDGAR at
www.sec.gov.
Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only
as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any
forward- looking statements except as required by applicable securities laws.