Skeena Extends Eskay Creek Rift with New Discovery Intersecting 4.46 g/t AuEq over 32.19 metres

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[{"type":"text","content":"Skeena Extends Eskay Creek Rift with New Discovery Intersecting 4.46 g/t AuEq over 32.19 metresVANCOUVER, BC / ACCESSWIRE / November 1, 2022 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) (\"Skeena\" or the \"Company\") is pleased to announce drilling results from the very first deep drill hole that successfully intersected the down dip extension of the Eskay Creek Deposits as part of the ongoing 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 hole SK-22-1081 are detailed in this release as well as on the Company's website.Eskay Creek Rift Extended to Depth with New MineralizationExploratory drill hole SK-22-1081 has identified a completely new occurrence of Rhyolite-hosted mineralization situated 650 metres down dip of the NEX Zone in the Eskay Deeps. This very broad interval grades 3.79 g/t Au, 59.4 g/t Ag (4.46 g/t AuEq) over 32.19 metres and includes numerous high tenor subintervals including 10.15 g/t Au, 44.0 g/t Ag (10.64 g/t AuEq) over 1.00 metres, and 2.33 g/t Au, 699.0 g/t Ag (10.18 g/t AuEq) over 1.00 metres. Full assays for the entire intersection are detailed in Table 1 below.Situated at a vertical depth of 850 metres below surface, the new gold-silver mineralization is hosted entirely within altered Rhyolite Breccias which begin four metres below a very thin (<1 metre) and unmineralized layer of Contact Mudstone. The stratigraphic sequence, styles of mineralization, alteration and geochemical signatures are all analogous to those observed throughout the main Eskay Creek Deposits.\"This new discovery suggests significant exploration potential north and west of the currently defined resources for the Project. This also unequivocally demonstrates that the Eskay Creek mineralized system is still thriving at depth\", commented Paul Geddes, the Company's Senior Vice President of Exploration and Resource Development.Walter Coles, the Company's Executive Chairman goes on to explain, \"Preliminary drill testing of the Eskay Deeps was necessary to investigate the true size potential of the Eskay Rift. It is still early days, but we are excited by this discovery as it opens up an entirely new area for underground exploration.\"Inte...

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