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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2018: Skeena Resources Ltd. announces a Resource Estimation report for its Eskay Creek deposit at the Eskay Creek project. Initial mineral resource estimate for Eskay Creek. Vancouver, BC (September 17, 2018) Skeena Resources Limited (TSX.V: SKE, OTC | |
| Resources: | (Resource): 1.088Mt @ 4.9g/t Au, 72g/t Ag (Ind.), 4.26Mt @ 3.3g/t Au, 72g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Sheila Ulansky (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Vancouver, BC (September 17, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce a Mineral Resource Estimate (MRE), for the Eskay Creek Project, which has been reviewed and validated by SRK Consulting (Canada) Inc. This MRE was derived from 7,583 historical surface and underground diamond drill holes totalling 651,332 metres. Drilling data from the Company’s recently initiated and ongoing Phase I metallurgical and infill drilling program is not included in this MRE. The effective date of this MRE is September 18, 2018 and a technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure. For additional Eskay Creek maps & figures please view the Company’s website. Pit Constrained Resources The pit constrained Indicated resource includes 207,000 gold equivalent ounces within 1.09 million tonnes at an average gold equivalent grade of 5.9 g/t. The pit constrained Inferred resource includes 589,000 ounces within 4.26 million tonnes at an average gold equivalent grade of 4.3 g/t. Paul Geddes, Vice President of Exploration and Resource Development further adds, “The Mineral Resource Estimate at Eskay Creek demonstrates excellent grade continuity and precious metal tenor. Also, the methodology of applying the understanding of geology and mineralization controls into the rigorous estimation process make this estimate very robust such that it can accurately inform future economic analyses and optimizations. Underground resources occur immediately adjacent to or within 100 metres of existing underground infrastructure and although all historical drift and fill stopes have been backfilled, we elected to exclude any potential resources that occur within three metres of any historical development.” | |
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