Skeena Announces Expansion of New 23 Zone at Eskay Creek: 2.00 g/t AuEq over 40.50 metres

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[{"type":"text","content":"Skeena Announces Expansion of New 23 Zone at Eskay Creek: 2.00 g/t AuEq over 40.50 metresVANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) (\"Skeena\" or the \"Company\") is pleased to announce the expansion of the recently discovered 23 Zone, located outside the limits of the Company's current pit-constrained mineral resources at the Eskay Creek gold-silver project (\"Eskay Creek\" or the \"Project\") in the Golden Triangle of British Columbia. Analytical results from the recently completed drill holes are detailed in this release. Reference images are presented at the end of this release as well as on the Company's website.New 23 Zone Highlights:1.97 g/t Au, 3 g/t Ag (2.00 g/t AuEq) over 40.50 m (SK-21-971)0.58 g/t Au, 14 g/t Ag (0.76 g/t AuEq) over 52.00 m (SK-21-963)3.00 g/t Au, 4 g/t Ag (3.05 g/t AuEq) over 7.49 m (SK-21-973)Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths and zone geometries cannot be definitively determined at this time. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.Step Out Drilling Expands New 23 ZoneSituated beyond the extents of the currently defined pit-constrained resources at Eskay Creek, the Company has grown the recently discovered 23 Zone of near surface Au-Ag mineralization. This new zone was revealed by drilling in Q4 2021 as part of the ongoing regional exploration program.Drill hole SK-21-971 was collared east of the newly announced discovery drill holes and has expanded the up-dip mineralization by 90 m having intersected 1.97 g/t Au, 3 g/t Ag (2.00 g/t AuEq) over 40.50 m. Drilling to date indicates a shallow, westerly dipping geometry and the 23 Zone remains open for expansion in all directions.New 23 Zone DiscussionPositioned 200 m east of the high-grade 21A Zone, the area was historically drilled from surface by previous operators on widely spaced drill centers. Selective drill hole sampling during this era meant that the discovery of the larger and more robust mineralized widths observed as a result of the 2021 drilling program, were missed historically. This l...

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