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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 31.50m @ 10.16g/t Au, 331g/t Ag from 96.50m. Vancouver, BC (November 21, 2018) Skeena Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Russell, Adrian Newton (Internal) | |
| ABSTRACT: | Vancouver, BC (November 21, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results for seven 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 was performed in the historically drill defined 21A, 21C and 22 Zones to infill and upgrade areas of inferred resources as well to collect fresh material for an upcoming metallurgical study. Reference images are presented at the end of this release as well as on the Company’s website. The 2018 Phase I drilling program was designed to infill and upgrade the inferred resource in the 21A Zone by increasing drill density to 20 m intercept spacing. This spacing will allow for future economic analyses and will also allow the Company to collect fresh material for an upcoming metallurgical characterization and testing program. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. The majority of intercepts are less than 125 meters from surface. The shallow extent of mineralization in the 21A zone should be suitable for open-pit mining. Centered on section 10140N in the northern portion of the 21A Zone, 2018 Phase I drillholes SK-18-023 and SK-18-024 intersected 10.16 g/t Au, 331 g/t Ag (14.57 g/t AuEq) over 31.50 m including 14.24 g/t Au, 963 g/t Ag (27.08 g/t AuEq) over 8.41 m and 8.82 g/t Au, 97 g/t Ag (10.11 g/t AuEq) over 11.50 m respectively. These holes continue to demonstrate the grade, thickness and continuity of the 21A Zone mineralization in an area of low historical drill density. | |
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