| Announcement Date: | 2022-10-18 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Skeena Resources Ltd. |
| Project name: | Eskay Creek |
| Location: | Canada |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 50m at 2.21g/t Au, 4.6g/t Ag from 78m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC (October 18, 2022) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena” or the “Company”) is pleased to announce drilling results from the 2022 regional and near mine exploration programs at the Eskay Creek gold-silver Project (“Eskay Creek” or the “Project”) in the Golden Triangle of British Columbia. Analytical results and reference images from the recently completed drill holes are presented at the end of this release as well as on the Company’s website. Additional results will be reported once available. 21A West Zone Continuity Develops Building upon the in-pit mineralization discovered in 2021 by drill hole SK-21-997 which intersected high-tenor gold mineralization averaging 8.78 g/t Au, 13 g/t Ag (8.95 g/t AuEq) over 34.00 m and recently expanded by 2022 drill hole SK-22-1093 47.50 g/t Au, 73.4 g/t Ag (48.48 g/t AuEq) over 12.12 m, drillhole SK-22-1031 has intersected 2.21 g/t Au, 4.6 g/t Ag (2.27 g/t AuEq) over 50.00 m. Due to the lack of historical drilling in this portion of the 21A Zone, the area was considered as barren waste rock for both the 2022 Resource Estimate and Feasibility Study. This recently discovered feeder-style mineralization occurs within the footwall Rhyolite sequence immediately below the Contact Mudstone and will be incorporated into the future resource and economic updates for the Eskay Creek Project. The limited drilling to date in the 21A West Zone indicates that precious metal tenor typically increases vertically up stratigraphy with closer proximity to the Contact Mudstone. |
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