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Skeena Resources Ltd.
Summary
| Project: | Spectrum | |
|---|---|---|
| Deposit: | Spectrum | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2016: Skeena Resources Ltd. announces an Exploration/Drilling Update report for its Spectrum deposit at the Spectrum project. Drilling results incl. 224.90m @ 0.79g/t Au, 0.12% Cu from 23.2m. Vancouver, BC (December 12, 2016) Skeena Resources Limite | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Cathro (Internal) | |
| ABSTRACT: | Vancouver, BC (December 12, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to report the commencement of a National Instrument 43-101 (“NI 43-101”) Preliminary Economic Assessment (“PEA”) and the release of final 2016 drilling results on the newly expanded Spectrum-GJ gold-copper property (“Spectrum-GJ”) in the Golden Triangle of northwest British Columbia, Canada. Metallurgical, mineral resource modelling, mining and environmental studies are underway that will provide the basis for the PEA to be released in Q2 2017. The PEA will include updated NI 43-101 mineral resource estimates that incorporate the 2016 definition drilling results reported below. The Company has engaged Stephen Godden, C.Eng. to direct and manage a team of independent corporate consultants to complete the PEA. Roscoe Postle Associates Inc. (“RPA”) has also been engaged as an independent third party to review and audit the PEA and its outcomes. Current NI 43-101 mineral resource estimates are available on SEDAR and the Company website for the Donnelly deposit of the GJ property (“GJ Donnelly Deposit”) (G.R. Peatfield, P.Eng., G.H. Giroux, P.Eng., and M.S. Cathro, P.Geo., April 11, 2016) and the Central zone of the Spectrum property (“Spectrum Central Zone”) (J.R. Stacey, P.Geo. and G.H. Giroux, P.Eng., May 31, 2016). Drilling at Spectrum Central Zone was focused on a panel of porphyry gold-copper mineralization on the west and south side of the deposit, which had sparse drill coverage historically due to topographic constraints and difficult drilling conditions. The drilling successfully cut thick intervals of low to moderate-grade gold-copper mineralization, as predicted by geological interpretation. | |
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