Skeena Resources Ltd (SKE)

[douginil]

Skeena Intersects 18.13 g/t AuEq over 22.65 metres in New High-Grade Vent at Eskay Creek


Vancouver, BC (September 9, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the first gold-silver drill results from the recently initiated Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The 2019 Phase I program is being performed with two surface drill rigs in the 21A, 21E and 22 Zones to infill and upgrade areas of inferred resources to the indicated category. Drillhole results reported in this release are from the 21A Zone. Reference images are presented at the end of this release as well as on the Company’s website.

Phase I Eskay Creek 21A Zone Drilling Highlights

SK-19-052: 16.52 G/T AU, 73 G/T AG, (17.49 G/T AUEQ) OVER 7.54 METRES
SK-19-055: 28.38 G/T AU, 1 G/T AG, (28.39 G/T AUEQ) OVER 5.83 METRES
SK-19-057: 17.38 G/T AU, 113 G/T AG, (18.88 G/T AUEQ) OVER 18.50 METRES
SK-19-058: 17.93 G/T AU, 15 G/T AG, (18.13 G/T AUEQ) OVER 22.65 METRES

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 were nulled to a value of zero.

New High-Grade Vent Discovered in 21A Zone

Prior to the 2019 infill drilling program, the western lobe of the 21A Zone mineralization was interpreted to be exclusively hosted in the tabular contact mudstone which ranges from 1 to 10 metres true vertical thickness. However, recently completed 2019 drillholes SK-19-057 and SK-19-058 have now discovered a previously unidentified hydrothermal vent in this location having intersected significantly larger intervals grading 17.38 g/t Au, 113 g/t Ag, (18.88 g/t AuEq) over 18.50 metres and 17.93 g/t Au, 15 g/t Ag, (18.13 g/t AuEq) over 22.65 metres respectively.

The discovery of this new high-grade vent clearly demonstrates that additional resource tonnage can be realized through infill drilling. The widely spaced drilling of inferred resources throughout the Eskay Creek deposits are defined by drill spacings in excess of 25 metres and as such provide excellent potential to discover additional vents throughout the Eskay deposits as the 2019 infill program continues. The original drillhole spacing in the western lobe of the 21A Zone was in excess of 25 metres between holes and will be infill drilled to 15 metre spacings to achieve indicated resources.


Read More at:

https://www.skeenaresources.com/news/skeena-intersects-18-13-g-t-aueq-over-22-65-metres-in-new-high-grade-vent-at-eskay-creek