Skeena Resources Ltd (SKE)

[douginil]

Skeena Intersects 4.48 g/t AuEq over 28.50 metres at Eskay Creek

Vancouver, BC (October 27, 2020) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional diamond drill core results from the Phase 1 combined campaign of definition and exploration drilling at the Eskay Creek Project (“Eskay Creek” or the “Project”) located in the Golden Triangle of British Columbia. Phase 2 drilling continues with nine drill rigs currently active. The Phase 2 infill program is focused on Pre-Feasibility Study (“PFS”) resource category conversions for the open-pit constrained resources. Reference images are presented at the end of this release as well as on the Company’s website.

Eskay Creek Phase I Infill Drilling – Highlights:

- 3.96 g/t Au, 39 g/t Ag (4.48 g/t AuEq) over 28.50 m (SK-20-310)
- 25.27 g/t Au, 2,185 g/t Ag (54.40 g/t AuEq) over 3.00 m (SK-20-319)
- 3.06 g/t Au, 576 g/t Ag (10.74 g/t AuEq) over 9.00 m (SK-20-365)
- 7.82 g/t Au, 172 g/t Ag (10.11 g/t AuEq) over 12.00 m (SK-20-370)
- 5.27 g/t Au, 26 g/t Ag (5.62 g/t AuEq) over 22.07 m (SK-20-371)

Phase I Infill Drilling Confirms Modelled Mineralization
The recently completed Phase 1 portion of the infill drilling campaign at Eskay Creek confirms the predictability of the Company’s 2019 Mineral Resource Estimate (“MRE”), which was largely informed by historical drilling results. As well, recent drill intercepts of grades and widths in the 21C Zone continue to correlate very well with the modelled Inferred mineralization (see section 10420 below).

Read more at:
https://mailchi.mp/8a8d5fb55ab4/skeena-intersects-448-gt-aueq-over-2850-metres-at-eskay-creek?e=643847f53a