Mr. Walt Coles reports
SKEENA INTERSECTS 44.10 G/T GOLD OVER 1.50 METRES AT SNIP
Skeena Resources Ltd. has released results from the final 12 holes of the 62-hole diamond drill program completed at the company's Snip gold project located in the Golden Triangle of British Columbia.
Drilling highlights:
10.02 grams per tonne gold over 4.15 metres (UG17-049); 9.21 g/t Au over 5.88 m (UG17-050);44.10 g/t Au over 1.50 m (UG17-051); 9.20 g/t Au over 2.66 m (UG17-052); 17.78 g/t Au over 1.25 m (UG17-052); 16.69 g/t Au over 1.20 m (UG17-052); 15.15 g/t Au over 1.40 m (UG17-058); 8.06 g/t Au over 8.00 m (UG17-059); 14.50 g/t Au over 2.50 m (UG17-060).
Upper Twin zone expanded to depth
Drilling on the eastern portion of the Upper Twin zone continues to establish grade and geological continuity as demonstrated by 2017 underground drill hole UG17-059 which intersected 8.06 g/t Au over 8.00 m including 14.88 g/t Au over 3.32 m, and is located 50 m downdip of previously reported drill hole UG17-062 which intersected two separate zones in the Upper Twin zone grading 91.56 g/t Au over 3.82 m and 8.71 g/t Au over 5.00 m. Drill holes UG17-049 and UG17-050 have also successfully expanded the downdip extension of the of the Upper Twin zone with intersections of 10.02 g/t Au over 4.15 m and 9.21 g/t Au over 5.88 m, respectively. Downdip of these intersections, a 100 m undrilled gap of high potential exists as defined by the nearest drill hole (UG-56), drilled during 1988, which intersected 14.73 g/t Au over 4.00 m. In this area, the Twin zone remains untested by drilling below this depth and is open for expansion.
412 footwall drilling
Confirmation drilling in the 412 zone has returned positive results including UG17-051 which intersected 44.10 g/t Au over 1.50 m and UG17-052 which averaged 9.20 g/t Au over 2.66 m. The 412 zone represents a series of vertically dipping extensional veins located in the footwall of the Twin zone.
A phase 2 underground drill program is expected to commence in February that will focus on further defining the Twin, Upper Twin and 412 zones as well as exploring the newly defined 200 footwall targets. Plans will be announced shortly.
Quality assurance and quality control
A rigorous chain-of-custody and quality assurance/quality control program, consisting of the insertion of certified standard control samples, duplicates and blanks, was applied to the NQ2-diameter, sawn half-core samples. Sample preparation and analyses for 2017 samples were completed at Activation Labs in Kamloops, B.C. Gold is determined by 50-gram fire assay followed by an atomic absorption finish or by gravimetric finish for samples over 10 g/t. Silver and other elements are determined by an ICP analysis following aqua regia digestion. Samples with over 100 g/t silver, 0.5 per cent lead or 1 per cent zinc are reanalyzed by a four-acid digestion followed by ICP-OES.
Qualified persons
The scientific and technical information contained in this news release has been reviewed and approved by Skeena's chief geologist, Ron Nichols, PEng, a qualified person as defined by National Instrument 43-101.
About Skeena Resources Ltd.
Skeena Resources is a junior Canadian mining exploration company focused on developing prospective precious metal and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activities are the exploration and development of the past-producing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine. The company also recently announced preliminary economic assessment results for the Spectrum-GJ copper-gold porphyry project.
SNIP 2017 UNDERGROUND DRILL HOLE ASSAYS Hole FromTo LengthAuNo. (m) (m)(m) (g/t)UG17-05845.85 47.25 1.40 15.1551.80 53.42 1.627.84UG17-06043.00 46.00 3.004.8477.50 80.00 2.50 14.50UG17-06194.00 94.50 0.50 11.60 120.80121.30 0.50 15.50UG17-04641.80 44.44 2.646.9969.60 70.85 1.257.8969.60 70.10 0.50 16.6076.75 77.25 0.50 36.80UG17-04755.00 56.50 1.506.7963.09 65.00 1.913.61UG17-04861.50 63.00 1.506.5368.50 70.00 1.504.74UG17-04958.50 59.00 0.50 31.50 105.50109.65 4.15 10.02 105.50106.00 0.50 46.30 109.15109.65 0.50 36.60UG17-050 104.50106.00 1.508.63 113.12119.00 5.889.21 114.30114.90 0.60 11.20 116.50117.00 0.50 59.50 118.40119.00 0.60 12.70UG17-05175.12 75.80 0.686.3588.50 90.00 1.50 44.10 105.00105.50 0.505.20 138.15138.65 0.505.40UG17-05283.60 86.26 2.669.2093.90 95.15 1.25 17.78 113.70114.90 1.20 16.69UG17-05734.50 36.00 1.505.0979.00 79.50 0.505.15 101.50103.00 1.505.38 104.82106.07 1.255.91UG17-05959.50 61.00 1.504.78 115.00123.00 8.008.06 115.00118.32 3.32 14.88NotesAll values are uncut. Drill intercepts are core length as there are insufficient data available to present true widths.
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