{"id":4343,"date":"2023-04-10T19:27:12","date_gmt":"2023-04-10T19:27:12","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=4343"},"modified":"2023-05-15T17:31:18","modified_gmt":"2023-05-15T17:31:18","slug":"hochschild-exits-snip-gold-project","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2023\/04\/10\/hochschild-exits-snip-gold-project\/","title":{"rendered":"Hochschild exits Snip gold project"},"content":{"rendered":"\n

Hochschild Mining has terminated its option to earn-in a 60% interest in Skeena Resources\u2019 Snip gold project in British Columbia, Canada.<\/p>\n\n\n\n\n\n\n\n

Termination of the option is effective immediately and, as a result, Hochschild said it has no liability to complete the aggregate expenditure requirement. Additionally, no cash payment is due from Hochschild to Skeena under the terms of the option agreement.<\/p>\n\n\n

\"\"<\/p>\n\n\n

“We would like to express our gratitude for the support we have received from the Tahltan Nation, the British Columbia government, employees and suppliers during our one and a half years working at the Snip gold project,\u201d said Hochschild Mining CEO Ignacio Bustamante.<\/p>\n\n\n\n

\u201cWe enjoyed working in Canada but are currently focusing our capital on later-stage projects in the portfolio, notably the Mara Rosa project in Brazil, which remains on time and on budget.”<\/p>\n\n\n\n

In September 2018, Skeena granted Hochschild an option to earn a 60% interest in Snip over three years by spending twice the amount Skeena had spent since it originally optioned the property from Barrick in March 2016, which was C$50 million at the exercise of the option.<\/p>\n\n\n\n

Snip consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares in the Liard Mining Division and is situated in Tahltan Territory.<\/p>\n\n\n\n

Source: <\/em>Hochschild Mining<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hochschild Mining has terminated its option to earn-in a 60% interest in Skeena Resources\u2019 Snip gold project in British Columbia, Canada.<\/p>\n","protected":false},"author":1,"featured_media":4345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495,12],"tags":[15,467,1869,1870],"coauthors":[1644],"class_list":["post-4343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-the-headlines","tag-canada","tag-gold","tag-hochschild-mining","tag-skeena-resources"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t