Issue link: http://resourceworld.uberflip.com/i/1078872
42 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 9 6 5 CANADIAN MINING STOCKS very attractive for investors. Thus far, the Madsen Mine has produced 2.5 million ounces of gold averaging 9.7 g/t gold over 36 years of operating history, making it the second largest historic gold producer in Red Lake. In addition, it contains a current indi - cated resource of 1,744,000 ounces gold at 8.7 g/t Au in 6.24 Mt and an inferred resource of 296,000 ounces gold at 7.9 g/t Au in 1.16 Mt. In 2017, Pure Gold released a PEA for its asset with the results including a robust after-tax NPV of $258 million and an IRR of 47% with a 2.8 year payback period. This year will be very crucial for the com - pany as an updated resource estimate and PEA are expected that have the potential to impact the production profile of Madsen. SKEENA RESOURCES LTD. [SKE-TSXV; SKREF-OTCQX] Skeena Resources is a junior explorer active in northwest BC's Golden Triangle region. The mineral potential of this unique geologi- cal setting makes junior miners like Skeena Resources extremely advantageous. The company's primary activities are the explora- tion and development of the past-producing Snip Mine and the recently optioned Eskay Creek Mine, both acquired from Barrick Gold. The Snip Mine produced 1.1 million ounces of gold averaging 27.5 g/t from 1991 to 1999 while the Eskay Creek Mine pro - duced 3.3 million ounces of gold and 160 million ounces of silver averaging 45 g/t gold and 2,224 g/t silver from 1994 to 2008. Skeena recently released a maiden resource estimate for Eskay Creek with a total indicated resource of 1,021,000 AuEq ounces, 207,000 of which is pit constrained and averages a 5.9 g/t AuEq while the remaining 814,000 is underground averag - ing 10.1 g/t AuEq. In 2017, the company completed a PEA on their GJ copper-gold porphyry project. The results indicate a pre-tax NPV of $546 million and a 27% IRR. Having such high potential properties located in one of the most geologically and mineral-rich regions in the world makes Skeena Resources a company worth following in 2019. ROCK TECH LITHIUM INC. [RCK-TSXV; RCKTF-OTC] Rock Tech Lithium is acquiring and exploring prospects for lithium and other battery metals. The company's flagship asset is the 100%-owned Georgia Lake lithium project in the Thunder Bay mining district in northwestern Ontario. The company recently released a PEA with the results including an after-tax NPV of $210-million and an after-tax IRR of 48.1%. The company also released an NI 43-101 compliant resource estimate that resulted in a measured resource of 1.89 million tonnes grading 1.04% Li 2 O, an indicated resource of 4.68 million tonnes grading 1.00% Li 2 O and an inferred resource of 6.72 million tonnes grading 1.16% Li 2 O. Owing to a shift to higher energy den- sity batteries, the investment attractiveness