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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-9-2016: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 13.5m @ 16.24g/t Au from 103.5m. Vancouver, BC (September 14, 2016) Skeena Resources Limited (TSX.V: SKE) (“S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rupert Allan (Internal) | |
| ABSTRACT: | Vancouver, BC (September 14, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce results from the first 8 holes of its 6,000 metre drill program at the past-producing Snip high-grade gold project (“Snip Project”) located in the Golden Triangle of northwest British Columbia. Highlights include a wide interval in S-16-06 which occurs approximately 200 metres into the footwall below the historic Twin Zone mine production area, and averages 16.24 g/t Au over 13.5 metres including 30.99 g/t Au over 4.5 metres. This intersection remains open and untested up dip. In addition, historic intersections on adjoining sections, that were never exploited by past producers, indicate the potential to expand on this interval with additional drilling. Skeena’s Chairman, Mr. Ronald Netolitzky commented, “It is particularly gratifying to intercept significant widths of high grade gold deep into the footwall and well removed from historic mining activity. We acquired the option on the Snip property because we believe an abundance of gold mineralization was left undisturbed by past operators of the mine. These initial drill results provide a preliminary indication that our thesis will prove correct.” | |
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