Skeena Resources Ltd (SKE)

[douginil]

Skeena Discovers New In-Pit Mineralization at
Eskay Creek Including 4.80 g/t AuEq over 30.50 metres


Vancouver, BC (February 17, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional diamond drill core results from the Phase 2 campaign of definition and exploration drilling at the Eskay Creek Project (“Eskay Creek” or the “Project”) located in the Golden Triangle of British Columbia. The Phase 2 infill program, focused upon resource category conversions for the Pre-Feasibility Study (“PFS”) on open-pit constrained resources, is now complete. The Company has also recently completed a 5,000 m near-mine exploration program at Eskay Creek and is awaiting results. Reference images are presented at the end of this release as well as on the Company’s website.

Eskay Creek Infill Drilling Highlights
New 21C-HW Zone:
• 4.33 g/t Au, 13 g/t Ag (4.50 g/t AuEq) over 20.05 m (SK-20-692)
• 4.65 g/t Au, 11 g/t Ag (4.80 g/t AuEq) over 30.50 m (SK-20-780)

21C Zone:
• 3.87 g/t Au, 7 g/t Ag (3.96 g/t AuEq) over 24.70 m (SK-20-721)
• 2.69 g/t Au, 30 g/t Ag (3.09 g/t AuEq) over 33.92 m (SK-20-735)
• 3.20 g/t Au, 83 g/t Ag (4.31 g/t AuEq) over 29.35 m (SK-20-748)

21E Zone:
• 3.34 g/t Au, 160 g/t Ag (5.48 g/t AuEq) over 24.50 m (SK-20-742)
• 5.68 g/t Au, 38 g/t Ag (6.18 g/t AuEq) over 28.02 m (SK-20-752)
• 4.11 g/t Au, 164 g/t Ag (6.30 g/t AuEq) over 28.09 m (SK-20-757)
• 3.85 g/t Au, 53 g/t Ag (4.55 g/t AuEq) over 26.10 m (SK-20-759)
• 2.49 g/t Au, 213 g/t Ag (5.34 g/t AuEq) over 25.50 m (SK-20-763)
• 3.14 g/t Au, 114 g/t Ag (4.65 g/t AuEq) over 40.89 m (SK-20-764)

21B, HW Zones:
• 3.92 g/t Au, 26 g/t Ag (4.27 g/t AuEq) over 25.00 m (SK-20-754)
• 5.35 g/t Au, 113 g/t Ag (6.86 g/t AuEq) over 15.50 m (SK-20-773)

New In-Pit Mineralization Discovered Above the 21C Zone
Situated within the open-pit contemplated by the Company’s 2019 Preliminary Economic Assessment, a previously unrecognized zone of mineralization has been discovered above the 21C Zone. Examples of this recently drilled mineralization (21C-HW Zone) include 4.65 g/t Au, 11 g/t Ag (4.80 g/t AuEq) over 30.50 m (SK-20-780), 4.33 g/t Au, 13 g/t Ag (4.50 g/t AuEq) over 20.05 m (SK-20-692), and 1.39 g/t Au, 8 g/t Ag (1.49 g/t AuEq) over 29.25 m (and SK-20-698).


Read moreand view graphics & drill tables at:
https://mailchi.mp/a5147c2e3978/skeena-discovers-new-in-pit-mineralization-at-eskay-creek-including-480-gt-aueq-over-3050-metres?e=643847f53a