(Alliance News) - Hochschild Mining PLC on Thursday noted that its partner Skeena Resources Ltd secured a maiden estimate at its Snip gold project in Canada.
Back in September 2018, Skeena granted FTSE 250-listed Hochschild an option to secure 60% undivided interest in the asset "by spending twice the amount Skeena had spent since it originally optioned Snip from Barrick Gold Corp".
The resource found a total inferred amount of 942,000 tonnes of gold and a total indicated resource of 539,000 tonnes.
Also on Thursday, Hochschild said it has named Jill Gardiner as a non-executive director from August 1.
"She previously served as chair of Turquoise Hill Resources Ltd and as a director of Capstone Mining Corp," Hochschild said.
Hochschild shares closed 2.3% higher at 263.20 pence each in London on Thursday.
By Eric Cunha; ericcunha@alliancenews.com
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Hochschild (HOC)