Skeena Resources Ltd (SKE)

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Skeena Announces Upgraded Pit Constrained Resource Estimate for Eskay Creek

Vancouver, BC (February 28, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (MRE), for the Eskay Creek Project (“Eskay Creek”), which has been reviewed and validated by SRK Consulting (Canada) Inc (“SRK”). The updated 2019 MRE has a larger component of pit constrained resources than the 2018 MRE which was principally reported as underground resources. Remaining mineralization below the optimized resource reporting pit shell with reasonable prospects of economic extraction by underground mining methods is reported accordingly. The effective date of this MRE is February 28, 2019 and a new technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure.

Updated 2019 Pit Constrained Resource Estimate

The pit constrained Indicated resource includes 2.46 million gold equivalent ounces within 12.7 million tonnes at an average gold equivalent grade of 6.0 g/t. The pit constrained Inferred resource includes 1.23 million gold equivalent ounces within 13.6 million tonnes at an average gold equivalent grade of 2.8 g/t.


Read more at:
https://www.skeenaresources.com/news/skeena-provides-corporate-update-and-2019-outlook