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Skeena Announces Maiden Resource Estimate for Eskay Creek

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douginil   Monday, 09/17/18 02:36:52 PM
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Skeena Announces Maiden Resource Estimate for Eskay Creek

Vancouver, BC (September 17, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce a Mineral Resource Estimate (MRE), for the Eskay Creek Project, which has been reviewed and validated by SRK Consulting (Canada) Inc. This MRE was derived from 7,583 historical surface and underground diamond drill holes totalling 651,332 metres. Drilling data from the Company’s recently initiated and ongoing Phase I metallurgical and infill drilling program is not included in this MRE. The effective date of this MRE is September 18, 2018 and a technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure. For additional Eskay Creek maps & figures please view the Company’s website.

Pit

The pit constrained Indicated resource includes 207,000 gold equivalent ounces within 1.09 million tonnes at an average gold equivalent grade of 5.9 g/t. The pit constrained Inferred resource includes 589,000 ounces within 4.26 million tonnes at an average gold equivalent grade of 4.3 g/t.

Underground Resources

The underground Indicated resource estimate includes 814,000 gold equivalent ounces within 2.51 million tonnes at an average gold equivalent grade of 10.1 g/t. The underground Inferred resource estimate includes 261,000 ounces within 0.81 million tonnes at an average gold equivalent grade of 10.0 g/t.


Walter Coles, Skeena’s President and CEO commented, “This initial resource estimate validates our thesis that there are substantial amounts of potentially economic mineralization left at Eskay Creek below the cut-off grades used by historical operators of the mine. As this resource estimate has been optimized for gold and silver, future resource estimates will also include base metal credits. In addition, we believe the property has exciting exploration upside for both precious and base metals at depth.”



Read more and view tables at:
https://www.skeenaresources.com/news/skeena-announces-maiden-resource-estimate-for-eskay-creek

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