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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2019: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 92.15m @ 4.07g/t Au, 122.30g/t Ag from 2.85m. Vancouver, BC (January 24, 2019) Skeena Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Russell, Adrian Newton (Internal) | |
| ABSTRACT: | Vancouver, BC (January 24, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce final Au-Ag drill results for six 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 21A, 21C and 22 Zones. Assays reported in this release are from the 22 Zone. Reference images are presented at the end of this release as well as on the Company’s website. Originally outlined by limited surface drilling in 2003 and 2004, the 22 Zone is a tabular, sub-vertical, rhyolite-hosted feeder structure to the now eroded mudstone hosted mineralization typical of the Eskay Creek deposits. As such, mineralization within the 22 Zone is not enriched in the epithermal suite of elements (Hg-As-Sb) and is geologically and geochemically analogous to other non-deleterious rhyolite-hosted mineralization such as the 21C Zone and underlying mineralization of the 21A Zone. The 22 Zone currently has a drill-defined strike length of 300 m and horizontal width in excess of 50 m; it has only been tested in the upper 100 m at average 40 m drill spacings. Further drill testing will take place during the 2019 field season. Due to the paucity of drilling in this area, 22 Zone mineralization remains open for expansion along strike and to depth. The 2018 pit constrained inferred resources hosted within the 22 Zone are comprised of 171,000 AuEq ounces (1.452 Mt grading 2.5 g/t Au, 89 g/t Ag or 3.7 g/t AuEq; for full resource details including indicated and underground resources, refer to the Company’s News Release dated September 17, 2018). | |
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