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Skeena to spin out Spectrum GJ

Skeena Resources (CN:SKE) will look to spin out its Spectrum GJ project in British Columbia, Canada to realise value for shareholders while it maintains its focus on its Snip project, also in BC. Skeena exercised its option to acquire Snip from Barrick Gold (CN:ABX) in July.

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Drilling at the Spectrum GJ gold project in British Columbia

“We are getting zero valuation for Spectrum GJ so our goal is to raise the C$25-30 million (US$20.4-24.