Skeena Resources Ltd (SKE)

[douginil]

Skeena Intersects 16.64 g/t Au over 5.10 m in 200 Footwall at Snip

Vancouver, BC (January 9, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the remaining analytical results from the 2019 Phase I surface exploration drilling program at the 100% owned Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. The 2019 exploration program consisted of 10 surface drill holes totaling 1,934 m which tested the 200 Footwall Corridor (“200 Footwall”). Reference images are presented at the end of this release as well as on the Company’s website.

2019 Phase I Snip Project Drilling Highlights:

16.64 g/t Au over 5.10 m (S19-035)
Including: 96.20 g/t Au over 0.50 m
And 39.80 g/t Au over 0.85 m
57.90 g/t Au over 0.65 m (S19-041)
57.00 g/t Au over 0.50 m (S19-041)
12.00 g/t Au over 1.35 m (S19-043)

Core lengths are reported due to a lack of supporting data to properly calculate true widths.

New Mineralization Intersected in 200 Footwall

Phase I surface drill hole S19-035 has successfully intersected a new zone of high-grade gold mineralization averaging 16.64 g/t Au over 5.10 m including two sub-intervals grading 96.20 g/t Au over 0.50 m and 39.80 g/t Au over 0.85 m in the 200 Footwall. This zone is located 100 m vertically below surface and 370 m east of the recently reported Phase I 200 Footwall discovery intercept which graded 1,131.91 g/t (36.39 oz/t) Au over 1.50 m (S19-044). The area surrounding the new zone is open down-dip and down-plunge.


Read more at:
https://www.skeenaresources.com/news/skeena-intersects-16-64-g-t-au-over-5-10-m-in-200-footwall-at-snip