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Skeena Resources Ltd.
Summary
| Project: | Snip | |
|---|---|---|
| Deposit: | Snip | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-8-2018: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Snip deposit at the Snip project. Drilling results incl. 0.60m @ 185.0g/t Au from 93.0m. Vancouver, BC (August 9, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SK | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | Vancouver, BC (August 9, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional assay results for six drill holes from 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 is now complete. A total of 9,583 metres was drilled over 48 underground drill holes and two surface drill holes. Building upon the data gathered from the Phase I campaign, the Phase II program was designed to expand newly modelled zones via widely spaced exploratory drill step-outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. A reference mine section is presented at the end of this release, and on the Company’s website. Delineation drilling on the Eastern Twin Zone continues to add gold grade and confidence to areas that were not fully sampled during previous operators’ historical drilling programs. The Phase II program is designed to populate this area with new drilling and analytical data in preparation for a maiden resource estimate at Snip. 2018 Phase II drillhole UG18-104, which intersected 10.52 g/t Au over 4.10 metres in the Eastern Twin Zone, is located 25 metres downdip of UG18-102 which intersected 11.14 g/t Au over 2.00 metres. These new intersections are bracketed up and down dip by previously reported 2018 drillholes UG18-093 and UG18-091 which intersected 9.14 g/t Au over 10.20 metres and 5.60 g/t over 19.85 metres respectively, for a total dip extent of 75 metres. | |
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