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Skeena Resources Ltd.
Summary
| Project: | Eskay Creek | |
|---|---|---|
| Deposit: | Eskay Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Eskay Creek deposit at the Eskay Creek project. Drilling results incl. 14.55m @ 7.36g/t Au, 1189g/t Ag from 166.95m. Vancouver, BC (December 5, 2018) Skeena Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Russell, Adrian Newton (Internal) | |
| ABSTRACT: | Vancouver, BC (December 5, 2018) 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 was performed in the 21A, 21C and 22 Zones. Assays reported in this release are from the 21C Zone; assays from the remaining 21A and 22 Zones will be released when available. Reference images are presented at the end of this release as well as on the Company’s website. The 2018 Phase I program in the 21C Zone was principally directed at collecting new material for an upcoming metallurgical optimization study. Historical drilling in this zone is tightly-spaced and sufficient for reporting dominantly indicated resources (see Resource Estimate for Eskay Creek reported September 17 2018). Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived in conjunction with historical drilling intercepts. A total of eight drillholes were fanned from a single collar location and totaled 2,012.6 m. Modelled mineralization and geology were predictably intersected and demonstrated excellent reconciliation of historically drilled grades and widths. The 21C Zone displays two styles of mineralization, which is consistent with the other mineralized zones that comprise the Eskay Creek deposits. High-grade mineralization with an epithermal signature is spatially associated with clastic mudstones that occur at the contact between the hangingwall basalts and footwall rhyolites. Syngenetic, feeder-style mineralization is present in strongly-altered rhyolites below the contact mudstones. | |
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