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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | 21A Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2019: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its 21A Zone deposit at the Eskay Creek project. Drilling results incl. 17.00m @ 9.91g/t Au, 737g/t Ag from 15.00m. Vancouver, BC (November 21, 2019) Skeena Resources Li | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | Vancouver, BC (November 21, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional gold-silver drill results from the ongoing Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Three surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drill hole results reported in this release are from the 21A, 21E and HW Zones and the new Lower Mudstone horizon. Reference images are presented at the end of this release as well as on the Company’s website. The first Phase I drill hole into the Hanging Wall (HW) Zone (SK-19-139), intersected a wider than predicted interval grading 9.91 g/t Au, 737 g/t Ag (19.73 g/t AuEq) over 17 m that has expanded the originally projected inferred mineralization. This also included a subinterval containing abundant visible gold and electrum grading 171.50 g/t Au, 12,320 g/t Ag (335.77 g/t AuEq) over 0.83 m. The HW Zone occurs approximately 20 m stratigraphically above the Contact Mudstone which was host to the 21B Zone deposits at Eskay Creek. Precious metal mineralization in this near surface HW Zone is uncommon at Eskay Creek, which is usually characterized by elevated base metals (Cu-Pb-Zn). The HW Zone is believed to represent a reactivated synvolcanic fault which crosscuts the andesitic cap rocks of the Eskay stratigraphy (refer to attached stratigraphic section). | |
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