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Skeena Resources Ltd.

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Summary

Project:

Eskay Creek

Deposit:Eskay Creek
Location:Canada
Commodities:Gold-Silver
Date:1/14/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-1-2020: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 36.85m @ 10.14g/t Au, 345g/t Ag from 92.00m. Vancouver, BC (January 14, 2020) Skeena Resources
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Paul Geddes (Internal)
ABSTRACT:Vancouver, BC (January 14, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional gold-silver 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. Four surface drill rigs were utilized 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. Reference images are presented at the end of this release as well as on the Company’s website. 2019 Phase I drilling within the 21A Zone continues to return both higher Au-Ag grades and thicknesses than expected. The newest infill hole SK-19-170 intersected 10.14 g/t Au, 345 g/t Ag (14.73 g/t AuEq) over 36.85 m (refer to attached section). This drill hole was originally designed to add confidence to the inferred resources; however, the intersection has established both higher grades and greater widths than the surrounding historical drill holes. For comparison, the nearest historical drill hole CA89-078 only intersected 7.16 g/t AuEq over 16.71 m.

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