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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 19.85m @ 5.60g/t Au from 59.15m. Vancouver, BC (June 26, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: S | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | Vancouver, BC (June 26, 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 totaling 11,000 m is being performed from existing underground infrastructure utilizing two drill rigs. Building upon the data gathered from the 2017 Phase I campaign, the 2018 program is designed to expand newly modelled zones via widely spaced exploratory drill step outs, and further delineate known mineralization in areas of low drilling density. Reference mine sections are presented at the end of this release as well as on the Company’s website. The ongoing Phase II underground delineation drilling program at Snip continues to demonstrate high gold grades and widths of mineralization in the evolving Eastern Twin Zone target as established by 2018 drillholes UG18-091, UG18-092 and UG18-093. Drillhole UG18-091 intersected 8.16 g/t Au over 3.75 m and 7.17 g/t Au over 9.10 m hosted in a larger interval grading 5.60 g/t Au over 19.85 m situated 25 m down-dip of UG18-092 which averaged 6.65 g/t Au over 7.50 m. The continuity and width of the mineralization was further expanded 50 m up-dip of the latter interval by drillhole UG18- 093 which intersected 9.14 g/t Au over 10.20 m. | |
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