Mr. Walter Coles Jr. reports
SKEENA INTERSECTS 10.52 G/T GOLD OVER 4.10 METRES AT SNIP
Skeena Resources Ltd. has provided additional assay results for six drill holes from the phase II underground drilling program at the company's 100-per-cent-owned Snip gold project located in the Golden Triangle of British Columbia.
The phase II drilling program is now complete. A total of 9,583 metres were drilled over 48 underground drill holes and two surface drill holes. Building upon the data gathered from the phase I campaign, the phase II program was designed to expand newly modelled zones via widely spaced exploratory drill stepouts, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. A reference mine section is presented on the company's website.
Phase II drilling highlights:
11.03 grams per tonne gold over 3.00 metres (UG18-101);185.00 g/t Au over 0.60 m (UG18-101); 23.84 g/t Au over 1.50 m (UG18-103); 17.93 g/t Au over 2.00 m (UG18-103); 8.68 g/t Au over 3.90 m (UG18-103); 10.52 g/t Au over 4.10 m (UG18-104).
Eastern Twin zone continues to demonstrate continuity
Delineation drilling on the Eastern Twin zone continues to add gold grade and confidence to areas that were not fully sampled during previous operators' historical drilling programs. The phase II program is designed to populate this area with new drilling and analytical data in preparation for a maiden resource estimate at Snip.
Two thousand eighteen phase II drill hole UG18-104, which intersected 10.52 g/t Au over 4.10 metres in the Eastern Twin zone, is located 25 metres down dip of UG18-102 which intersected 11.14 g/t Au over 2.00 metres. These new intersections are bracketed up and down dip by previously reported 2018 drill holes UG18-093 and UG18-091 which intersected 9.14 g/t Au over 10.20 metres and 5.60 g/t over 19.85 metres respectively, for a total dip extent of 75 metres.
Additional mineralization surrounding the Eastern Twin zone was also intersected by UG18-101 which averaged 11.03 g/t Au over 3.00 metres in the footwall. UG18-101 also intersected 185.00 g/t Au over 0.60 metre occurring 15 metres into the hangingwall to the Eastern Twin zone, where a new zone of mineralization is beginning to be defined.
Discussion of historical data and practices
Regrettably, prior to the implementation of National Instrument 43-101 standards, reclamation of the mine in 1999 included disposal of all historical drill core, resulting in the inability to now validate any prior operators' databases to modern standards. This lack of historic drill core and supporting drilling documentation, paired with the wide spacing of historical drilling in undeveloped areas, necessitates that Skeena devote a percentage of its drilling campaign to validate the historical data. This will allow for high confidence underground resources to be reported.
About Skeena Resources Ltd.
Skeena Resources is a junior Canadian mining exploration company focused on developing prospective precious 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 mine and the recently optioned Eskay Creek mine, both acquired from Barrick. In addition, the company has completed a preliminary economic assessment on the GJ copper-gold porphyry project.
Qualified persons
Exploration activities at the Snip gold project are administered on site by the company's exploration managers, Colin Russell, PGeo, and Adrian Newton, PGeo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, PGeo, vice-president of exploration and resource development, is the qualified person for the company and has prepared, validated, and approved the technical and scientific content of this news release. The company strictly adheres to CIM best practices guidelines in conducting, documenting and reporting its exploration activities on its exploration projects.
Quality assurance -- quality control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by the company's qualified person, Paul Geddes, PGeo, vice-president of exploration and resource development.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 10 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass spectroscopy (ICP-MS).
SNIP PROJECT PHASE II LENGTH WEIGHTED DRILL HOLE GOLD COMPOSITESHole IDFrom (m)To (m) Core length (m)Au (g/t)AreaUG18-099 69.00 70.501.506.25Eastern Twin zoneUG18-100 72.50 73.000.50 16.30Eastern Twin zoneUG18-100 83.00 83.500.507.76Eastern Twin zoneUG18-100 91.50 92.000.507.65Eastern Twin zoneUG18-101 67.50 70.503.00 11.03Eastern Twin zoneIncluding67.50 68.000.50 11.55Eastern Twin zoneand68.50 69.000.50 33.10Eastern Twin zoneUG18-101 80.00 80.500.505.15Eastern Twin zoneUG18-101 85.30 87.001.70 11.56Eastern Twin zoneIncluding86.50 87.000.50 19.40Eastern Twin zoneUG18-101 93.00 93.600.60185.00 HW Eastern Twin zoneUG18-102 90.00 92.002.00 11.14Eastern Twin zoneIncluding90.50 91.000.50 33.80Eastern Twin zoneUG18-103 57.00 58.501.50 23.84Eastern Twin zoneIncluding57.00 57.500.50 48.50Eastern Twin zoneand57.50 58.000.50 21.30Eastern Twin zoneUG18-103 68.50 70.502.00 17.93Eastern Twin zoneIncluding68.50 69.000.50 67.60Eastern Twin zoneUG18-103 99.10103.003.908.68 HW Eastern Twin zoneIncluding 101.00102.501.50 19.00 HW Eastern Twin zoneUG18-104 79.10 83.204.10 10.52Eastern Twin zoneIncluding79.60 81.101.50 11.95Eastern Twin zoneand81.10 82.201.10 21.10Eastern Twin zoneUG18-104 89.90 90.901.00 17.16 HW Eastern Twin zoneIncluding89.90 90.400.50 24.70 HW Eastern Twin zoneTrue widths cannot be accurately determined from the information available therefore core lengths are reported. Top cuts have not been applied to high-grade assays.
We seek Safe Harbor.
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