Skeena Resources Ltd (SKE)

[douginil]

Skeena Intersects 4.94 g/t AuEq over 8.20 metres at Eskay Creek in New Mineralized Corridor

Vancouver, BC (May 4, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report diamond drill core results from the 2021 campaign of near mine exploration drilling at the Eskay Creek Project (“Eskay Creek” or the “Project”) located in the Golden Triangle of British Columbia. The exploratory program was focused on testing both in-pit and near mine targets and totaled 4,375 m across twenty surface-based drill holes. Reference images are presented at the end of this release as well as on the Company’s website.

Eskay Creek 2021 Drilling Highlights:

1.01 g/t Au, 6 g/t Ag (1.09 g/t AuEq) over 9.46 m (SK-21-703)
1.92 g/t Au, 25 g/t Ag (2.25 g/t AuEq) over 7.50 m (SK-21-810)
1.54 g/t Au, 27 g/t Ag (1.90 g/t AuEq) over 13.70 m (SK-21-821)
1.54 g/t Au, 10 g/t Ag (1.68 g/t AuEq) over 15.68 m (SK-21-824)
2.22 g/t Au, 9 g/t Ag (2.33 g/t AuEq) over 15.20 m (SK-21-824)
1.17 g/t Au, 6 g/t Ag (1.25 g/t AuEq) over 19.70 m (SK-21-824)
1.31 g/t Au, 14 g/t Ag (1.50 g/t AuEq) over 33.00 m (SK-21-824)
1.08 g/t Au, 10 g/t Ag (1.22 g/t AuEq) over 16.56 m (SK-21-829)
3.99 g/t Au, 71 g/t Ag (4.94 g/t AuEq) over 8.20 m (SK-21-838)

Mineralization Discovered in “The Gap Zone”
Situated in an essentially undrilled corridor measuring 300 m by 75 m between the 21A and 21B Zones, 2021 drill holes SK-21-821 and SK-21-838 have established the existence of additional Contact Mudstone hosted mineralization having intersected 1.54 g/t Au, 27 g/t Ag (1.90 g/t AuEq) over 13.70 m and 3.99 g/t Au, 71 g/t Ag (4.94 g/t AuEq) over 8.20 m, respectively. Although the Contact Mudstones demonstrate very predictable geological continuity from the historically mined 21B Zone south towards the 21A Zone across this largely undrilled “gap”, the lack of sufficient drill density precluded the incorporation of mineralization in this area into the Company’s 2021 Mineral Resource Estimate (MRE).

Read more & view tables & graphics at:
https://mailchi.mp/4a4fa06ef133/skeena-intersects-494-gt-aueq-over-820-metres-at-eskay-creek-in-new-mineralized-corridor?e=643847f53a