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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-1-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 7.2m @ 21.77gt Au from 47.8m. Vancouver, BC (January 8, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ron Nichols (Internal) | |
| ABSTRACT: | Vancouver, BC (January 8, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce additional drill results from 11 holes at the Company’s Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. The 2017 underground drill program finished on December 16, 2017 with a total of 8,650 metres drilled over 62 holes. Assays are still pending for 34 holes. Cross sections and drill hole data are available on the Company’s website. A detailed table of length-weighted gold composites is presented at the end of this news release. High Grades Intersected at Twin Zone East Targeting the eastern extension of the Twin Zone on Section 4860E, drill hole UG17-040 intersected 50.21 g/t Au over 2.00 metres while 40 metres up dip, drill hole UG17-030 intersected 12.84 g/t Au over 2.90 metres. On the same section 110 metres further up dip, drill hole UG17-039 intersected two additional intersections grading 20.17 g/t Au over 2.40 metres and 14.40 g/t Au over 1.55 metres. During historical production at the Snip mine, the Twin Zone comprised the bulk of the produced ounces and ranged in width from 0.5 to 15.0 metres. Supplementary results on section 4860E include drill hole UG17-030 which intersected 21.77 g/t Au over 7.2 metres, including 133.00 g/t Au over 1.00 metres. This newly discovered mineralization may indicate a new shear zone located between the Twin Zone and 150 Vein that warrants followup. | |
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