Skeena Resources Ltd (SKE)

[douginil]

Skeena Announces Maiden Resource for Snip Gold Project

Vancouver, BC (July 21, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce an underground constrained Mineral Resource Estimate (“MRE”), for the Snip gold project (“Snip”), located in the Golden Triangle of northwest British Columbia, which has been reviewed and validated by SRK Consulting (Canada) Inc. (“SRK”). This MRE was derived from a database containing 3,697 surface and underground diamond drill holes totalling 309,327 metres of which 3,112 drill holes and 14,113 composites of 1.5 metres in length were used directly in the estimate. The MRE reports resources amenable to underground mining methods. The effective date of this MRE is July 21, 2020 and a technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure.

Underground Resource Estimate

The underground constrained Indicated resources include 244,000 ounces of gold hosted within 539,000 tonnes at an average gold grade of 14.0 g/t Au. Resources within the Inferred category include 402,000 ounces of gold hosted within 942,000 tonnes at an average gold grade of 13.3 g/t Au (Table 1). In the determination of reasonable prospects for economic extraction, long hole stoping is contemplated. Sensitivities to the gold cut-off are presented in Table 2.


Read more and view tables at:
https://www.skeenaresources.com/news/skeena-announces-maiden-resource-for-snip-gold-project