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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 4.05m @ 14.49g/t Au from 81.25m. Vancouver, BC (May 16, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SK | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | Vancouver, BC (May 16, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce analytical results from the first 8 holes of the recently initiated Phase II underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the Golden Triangle of British Columbia. The 2018 Phase II diamond drill program totalling 11,000 m is being drilled from existing underground infrastructure utilizing two drill rigs. The 2018 program is building upon the data gathered from the 2017 Phase I campaign, and is designed to further delineate known mineralization in areas with low drill density, and to expand newly modelled zones via widely spaced exploratory step-out drill holes (see mine sections presented at the end of this release as well as on the Company’s website). This new mineralization is also corroborated by the previously reported intercept of 35.49 g/t Au over 4.35 m in UG17-036. There is high potential for further discovery here as historical drill hole pierce points are widely-spaced and the Twin Zone remains untested by drilling at-depth and along strike. 412 Veining Corridor Infill Drilling Drill stations in the footwall development that are targeting the Eastern Twin Zone also cross the 412 Veining Corridor. Current drilling is expanding upon and adding geological confidence in this area. | |
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