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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 3.82m @ 91.56g/t Au from 148.56m. Vancouver, BC (January 23, 2018) Skeena Resources Limited (TSX.V: SKE) (“Sk | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ron Nichols (Internal) | |
| ABSTRACT: | Vancouver, BC (January 23, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce additional drill results from 9 holes at the Company’s Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. Cross sections and drill hole data are available on the Company’s website. A detailed table of lengthweighted gold composites is presented at the end of this news release. Upper Twin Zone Continues to Demonstrate Continuity Targeting a less densely drilled portion of the Upper Twin Zone, 2017 underground drill hole UG17- 062 intersected two intervals grading 91.56 g/t Au over 3.82 metres and 8.71 g/t Au over 5.00 metres. This hole successfully demonstrates the up-dip grade and geological continuity of the Upper Twin. Previously disclosed Skeena drill hole UG17-035 intersected the same style of mineralization again over two intervals grading 19.26 g/t Au over 11.85 metres as well as 11.21 g/t Au over 5.95 metres. Inclusive of historical drilling, this portion of the Upper Twin has now been traced along its dip extent for 370 metres and remains open for expansion. In the footwall of the Upper Twin, drilling has also confirmed and is expanding upon the extensional veining systems that are geologically equivalent to the historically mined 130 and 150 Vein systems. Drill hole UG17-044 intersected 12.59 g/t Au over 4.70 metres and the geological continuity is verified by UG17-054 and UG17-055 which graded 30.40 g/t Au over 1.50 metres and 23.30 g/t Au over 1.50 metres respectively. Skeena’s CEO, Walter Coles Jr. commented, “The latest drill results from Snip speak for themselves. They confirm the high-grade nature of the deposit and the continuity of the veins. We’re looking forward to getting back underground in February and commencing a surface exploration drill program in the spring.” | |
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