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Skeena Resources Ltd.

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Summary

Project:

Snip

Deposit:Snip
Location:Canada
Commodities:Gold
Date:10/3/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:3-10-2016: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 4.7m @ 16.01g/t Au from 94.8m. Vancouver, BC (October 3, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena
Resources:x
CP/QP:[Overall Report]: Rupert Allan (Internal)
ABSTRACT:Vancouver, BC (October 3, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce assay results from 6 new holes drilled at the past-producing Snip high-grade gold project (“Snip”) located in the Golden Triangle of northwest British Columbia. Highlights include 16.01 g/t Au over 4.7 metres, including 37.7 g/t Au over 1.65 metres in hole S- 16-11 which, along with hole S-16-12, were targeted in an area below the Twin West underground workings, where limited historic production totaled approximately 10,000 tonnes at an average grade of 18.8 g/t gold (see Section 3600E below). Intercepts on these new holes indicate continuity with several historical intersections including 57.3 g/t Au over 1.3 metres, 34.7 g/t Au over 3.7 metres, and 34.8 g/t Au over 2.1 metres. Skeena’s Chairman, Mr. Ronald Netolitzky commented, “A well-defined high-grade structural corridor is now visible at Twin West on Section 3600E. Our latest results, which tested the down-dip extension of historic high-grade gold intercepts, demonstrate this structural corridor to be over 250 metres and open down-dip and along strike. Combined with our initial results from the Twin Zone, these new results from Twin West support our thesis that several high-grade gold structures were left unmined by the previous operators of Snip.”

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