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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 2.0m @ 36.65g/t Au from 104.80m. Vancouver, BC (June 14, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | Vancouver, BC (June 14, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional assays from 11 holes of the Phase II underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the Golden Triangle of British Columbia. The Phase II drilling program totalling 11,000 m is being performed from the existing underground infrastructure utilizing two drill rigs. Building upon the data gathered from the recently completed 2017 Phase I campaign, the 2018 program is designed to further delineate known mineralization with low drill density and to expand newly modelled zones via widely spaced exploratory step-out drill holes. Reference mine sections are presented at the end of this release as well as on the Company’s website. New 200 Footwall Corridor Expands In an historically unexplored portion of the easternmost footwall mine stratigraphy, Phase II drill hole UG18-081 successfully intersected the recently modelled 200 Footwall Corridor over a wide interval grading 5.87 g/t Au over 8.6 m including 26.20 g/t Au over 1.5 m, 9.07 g/t Au over 0.5 m and 9.22 g/t Au over 0.5 m. Spatially, these new intersections correlate with the interpreted strike extension of the 200 Footwall Corridor and represent an up-plunge expansion 100 m east of historic 1997 underground drill hole UG-1701 (26.67 g/t Au over 4.4 m). Past drilling programs by previous operators focused on the historically mined Twin Zone and not the exploration potential of the footwall. As such, these new intersections are open for expansion due to the lack of drilling in this area. | |
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