Business

Skeena Announces 5.3 Moz at 4.3 g/t AuEq Measured and Indicated Resources at Eskay Creek

VANCOUVER, BC / ACCESSWIRE / April 7, 2021 / Skeena Resources Limited (TSX: SKE )(OTCQX: SK...

articleSkeena Resources LimitedApril 7, 20214/company/skeena-resources-ltd/news/skeena-announces-53-moz-at-43-gt-aueq-measured-and-indicated-resources-at-eskay-creek
Skeena Announces 5.3 Moz at 4.3 g/t AuEq Measured and Indicated Resources at Eskay Creek

About this update from Skeena Resources Limited

[{"type":"text","content":"Skeena Announces 5.3 Moz at 4.3 g/t AuEq Measured and Indicated Resources at Eskay CreekVANCOUVER, BC / ACCESSWIRE / April 7, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) (\"Skeena\" or the \"Company\") is pleased to announce an updated Mineral Resource Estimate (\"MRE\"), for the Eskay Creek gold-silver project (\"Eskay Creek\"), located in the Golden Triangle of British Columbia, which has been reviewed and validated by SRK Consulting (Canada) Inc (\"SRK\"). The 2021 MRE was derived from 7,583 historical surface and underground diamond drill holes totalling 651,332 metres, with an additional 751 surface diamond drill holes completed by Skeena between 2018-2021 totalling 104,740 metres. The effective date of this MRE is April 7, 2021 and an updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Reference images are presented at the end of this release as well as on the Company's website.2021 Eskay Creek ResourcesTable 1: Eskay Creek pit constrained resources reported at a 0.7 g/t AuEq cut-off grade and underground resources reported at 2.4 and 2.8 g/t AuEq cut-off grades for long-hole and drift and fill mining, respectively (UG = Underground).CategoryTonnes(000)AuEq(g/t)Au(g/t)Ag(g/t)AuEq Ounces(000)Au Ounces(000)Ag Ounces(000)Measured Pit17,3125.84.2118.43,2132,32265,908Measured UG3456.15.267.36858747Total Measured17,6575.84.2117.43,2812,38066,655 Indicated Pit20,3422.92.252.51,9031,43934,362Indicated UG5065.34.935.88779583Total Indicated20,8483.02.352.11,9901,51834,945 M+I Pit37,6544.23.182.85,1163,761100,270M+I UG8515.75.048.61551371,330Total M+I38,5054.33.182.15,2713,898101,600 Inferred Pit5,2391.41.025.02311744,203Inferred UG4294.94.157.06757787Total Inferred5,6681.61.327.42982314,990Pit Constrained Resource Growth DiscussionThe Company's Phase 1 and Phase 2 infill drilling programs were immensely successful in not only recategorizing pit constrained resources but also adding additional resources in the 22 Zone, 21A Zone, 21B Zone and the recently discovered 21C-HW Zone. Furthermore, the NEX (Northern Extension) Zone has now been incorporated into the pit constrained resource base. This new Northern Pit Expansion integrates the largely Measured and Indicated NEX Zone and provides the potential for additional reserves.In 2019, the Company's MRE utilize...

More updates from Skeena Resources Limited