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Skeena Resources Ltd.

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Summary

Project:

Snip

Deposit:Snip
Location:Canada
Commodities:Gold
Date:1/9/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:9-1-2020: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 5.10m @ 16.64g/t Au from 128.65m. Vancouver, BC (January 9, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX:
Resources:x
CP/QP:[Overall Report]: Paul Geddes (Internal)
ABSTRACT:Vancouver, BC (January 9, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the remaining analytical results from the 2019 Phase I surface exploration drilling program at the 100% owned Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. The 2019 exploration program consisted of 10 surface drill holes totaling 1,934 m which tested the 200 Footwall Corridor (“200 Footwall”). Reference images are presented at the end of this release as well as on the Company’s website. Phase I surface drill hole S19-035 has successfully intersected a new zone of high-grade gold mineralization averaging 16.64 g/t Au over 5.10 m including two sub-intervals grading 96.20 g/t Au over 0.50 m and 39.80 g/t Au over 0.85 m in the 200 Footwall. This zone is located 100 m vertically below surface and 370 m east of the recently reported Phase I 200 Footwall discovery intercept which graded 1,131.91 g/t (36.39 oz/t) Au over 1.50 m (S19-044). The area surrounding the new zone is open down-dip and down-plunge.

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