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Skeena Resources Ltd.

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Summary

Project:

Eskay Creek

Deposit:21A Zone
Location:Canada
Commodities:Gold-Silver
Date:10/22/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-10-2019: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its 21A Zone deposit at the Eskay Creek project. Drilling results incl. 2.21m @ 312.81g/t Au, 95g/t Ag from 110.32m. Vancouver, BC (October 22, 2019) Skeena Resources Li
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Paul Geddes (Internal)
ABSTRACT:Vancouver, BC (October 22, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results from the 2019 Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Two surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and 22 Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drill hole results reported in this release are from the 21A Zone and include results from a Lower Mudstone horizon, below the current Eskay Creek resource. Reference images are presented at the end of this release as well as on the Company’s website. The ongoing 2019 Phase I infill and expansion drilling program at Eskay Creek continues to predictably upgrade the Inferred mineralization hosted in the 21A Zone as demonstrated by 2019 drill holes SK-19-065 and SK-19-066 (Table 1). During this program, two additional drill holes (SK-19-063 and SK-19-067), were extended below the Inferred resources to test the exploration potential of a secondary and lesser known mineralized mudstone horizon. This Lower Mudstone is situated approximately 100 metres stratigraphically below the more familiar Contact Mudstone, host to the previously developed Eskay Creek deposits (see attached sections).

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