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Skeena Resources Ltd.

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Summary

Project:

Snip

Deposit:Snip
Location:Canada
Commodities:Gold
Date:1/30/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:30-1-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 1.5m@ 44.10g/t Au from 88.5m. Vancouver, BC (January 30, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena
Resources:x
CP/QP:[Overall Report]: Ron Nichols (Internal)
ABSTRACT:Vancouver, BC (January 30, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce results from the final 12 holes of the 62-hole diamond drill program completed 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 assay composites is presented at the end of this news release. Upper Twin Zone Expanded to Depth Drilling on the eastern portion of the Upper Twin Zone continues to establish grade and geological continuity as demonstrated by 2017 underground drill hole UG17-059 which intersected 8.06 g/t Au over 8.00 m including 14.88 g/t Au over 3.32 m, and is located 50 m down-dip of previously reported drill hole UG17-062 which intersected two separate zones in the Upper Twin Zone grading 91.56 g/t Au over 3.82 m and 8.71 g/t Au over 5.00 m. Drillholes UG17-049 and UG17-050 have also successfully expanded the down-dip extension of the of the Upper Twin Zone with intersections of 10.02 g/t Au over 4.15 m and 9.21 g/t Au over 5.88 m, respectively. Down-dip of these intersections, a 100-m undrilled gap of high potential exists as defined by the nearest drill hole (UG-56) drilled during 1988 which intersected 14.73 g/t Au over 4.00 m. In this area, the Twin Zone remains untested by drilling below this depth and is open for expansion. 412 Footwall Drilling Confirmation drilling in the 412 Zone has returned positive results including UG17-051 which intersected 44.10 g/t Au over 1.50 m and UG17-052 which averaged 9.20 g/t Au over 2.66 m.

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