Under the terms of the option agreement with Barrick, the junior may acquire Eskay after incurring C$3,500,000 in exploration expenditures on the property prior to December 18, 2020, of which C$1,500,000 must be incurred prior to December 18, 2019. Skeena also has to pay Barrick C$10,000,000 once the aforementioned exploration requirement has been met, all regulatory approvals have been received and all permit transfers have been obtained. It would also have to reimburse Barrick for reclamation expenditures incurred during the option period.