Skeena Resources Ltd (SKE)

[douginil]

Skeena Intersects 4.11 g/t AuEq over 22.08 metres at Eskay Creek

Vancouver, BC (April 23, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce gold-silver drill results from the Company’s 2020 Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Four ground-based surface drill rigs were utilized for the 2020 Phase I program in the 21B and 21C Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Reference images are presented at the end of this release as well as on the Company’s website.

Phase I Eskay Creek Drilling Highlights:

3.62 g/t Au, 41 g/t Ag (4.11 g/t AuEq) over 22.08 m (SK-20-259) - 21B Zone
2.61 g/t Au, 10 g/t Ag (2.74 g/t AuEq) over 36.19 m (SK-20-263) - 21B Zone
3.91 g/t Au, 21 g/t Ag (4.18 g/t AuEq) over 19.60 m (SK-20-264) - 21B Zone
4.61 g/t Au, 203 g/t Ag (7.32 g/t AuEq) over 8.43 m (SK-20-248) – 21C Zone

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100%. Samples below detection limit are nulled to a value of zero.

2020 Drilling Demonstrates Continuity in 21B Zone

The 2020 Phase I infill program at Eskay Creek continues to demonstrate the excellent continuity of the current resource model which is derived largely from historical drilling. Phase I infill drilling within the 21B and 21C Zones, which are situated in the deeper portions and later phases of the planned open-pit mining sequence, have correlated extremely well with the historical drilling with respect to grades, widths and spatial distribution.

Read more at:
https://www.skeenaresources.com/news/skeena-intersects-4-11-g-t-aueq-over-22-08-metres-at-eskay-creek