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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2019: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 28.88m @ 7.11g/t Au, 54.21g/t Ag from 86.62m. Vancouver, BC (January 15, 2019) Skeena Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Russell, Adrian Newton (Internal) | |
| ABSTRACT: | Vancouver, BC (January 15, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results for eight holes from the recently completed Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The multifaceted Phase I program focused on the 21A, 21C and 22 Zones. Assays reported in this release are from the 21A Zone; assays from the remaining 22 Zone will be released once finalized. Reference images are presented at the end of this release as well as on the Company’s website. The 2018 drilling program was designed to infill and upgrade the inferred resources in the 21A Zone by increasing drill density to 20 metre intercept spacing. This will allow for future economic analyses as well as the collection of fresh material for an upcoming metallurgical characterization and testing program. Reported core lengths represent 70-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. The majority of intercepts are less than 125 metres from surface and the shallow extent of mineralization in the 21A Zone is potentially amenable to open-pit mining methods. The 21A Zone represents a significant portion of the 2018 pit constrained resource hosted at Eskay Creek containing an Indicated Resource of 207,000 oz AuEq grading 5.9 g/t AuEq (1.09 Mt grading 4.9 g/t Au, 72 g/t Ag) and an Inferred Resource of 418,000 oz AuEq grading 4.6 g/t AuEq (2.81 Mt grading 3.8 g/t Au, 63 g/t Ag) (for full resource details including the additional underground resource, refer to Skeena news release dated September 17, 2018). | |
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