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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 45.00m @ 9.07g/t Au, 76g/t Ag from 73.50m. Vancouver, BC (October 31, 2018) Skeena Resources L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Russell, Adrian Newton (Internal) | |
| ABSTRACT: | Vancouver, BC (October 31, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag assays for six holes from the ongoing 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 is being performed in the historically drill defined 21A, 21C and 22 Zones. Reference images are presented at the end of this release as well as on the Company’s website. The Phase I drilling program at Eskay Creek continues to demonstrate the excellent grade and geological continuity of the 21A Zone. The program is designed to infill and upgrade areas of the 21A Zone with low drill density to sufficient drill spacing to allow for future economic analyses and also to collect fresh material for an upcoming metallurgical testing program. Mineralization intersected on section 10,000N (see images below) is largely hosted in the footwall rhyolites with minor mineralization hosted in the contact mudstone as illustrated by an intercept of 9.07 g/t Au, 76 g/t Ag, 10.09 g/t AuEq over 45 m (drill hole SK-18-012) including a higher-grade interval grading 13.06 g/t Au, 84 g/t Ag, 14.18 g/t AuEq over 27.77 m. On the same section drilling intersected 5.39 g/t Au, 139 g/t Ag, 7.24 g/t AuEq over 28.3 m including 8.23 g/t Au, 185 g/t Ag, 10.69 g/t AuEq over 12.45 m (drill hole SK-18-014) located 45 m down-dip of SK-18-012. On section 9960N drilling intercepted 4.16 g/t Au, 204 g/t Ag, 6.88 g/t AuEq over 43.5 m hosted entirely within the footwall rhyolite facies (drill hole SK-18-017). | |
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