Business
Skeena Intersects 1,131.91 g/t (36.39 oz/t) Gold Over 1.50 m in New Footwall Mineralization at Snip
VANCOUVER, BC / ACCESSWIRE / December 18, 2019 / Skeena Resources Limited (TSX.V: SKE)( OTC...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Intersects 1,131.91 g/t (36.39 oz/t) Gold Over 1.50 m in New Footwall Mineralization at SnipVANCOUVER, BC / ACCESSWIRE / December 18, 2019 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) (\"Skeena\" or the \"Company\") is pleased to announce initial analytical results from the recently completed Phase I surface exploration drilling program at the 100% owned Snip gold project (\"Snip\") located in the Golden Triangle of British Columbia. The 2019 surface program consisted of 10 surface drill holes totaling 1,934 m which expanded exploration of the 200 Footwall Corridor. Reference images are presented at the end of this release as well as on the Company's website.Phase I Snip Drilling Highlights1,131.91 g/t Au over 1.50 m from 249.60 m depth (S19-044)Including: 3,390.00 g/t Au over 0.50 m7.37 g/t Au over 6.65 m from 41.00 m depth (S19-040)Including: 23.40 g/t Au over 1.00 mAnd: 35.70 g/t Au over 0.50 mActual core lengths are reported due to a lack of supporting data to properly calculate true widths. Length weighted composites were constrained by geological and grade considerations. Grade capping of individual assays has not been applied to the Au assays informing the length weighted composites. Samples below detection limit were nulled to a value of zero.New Mineralization Discovered in Snip Footwall The 2019 Phase I drilling was designed to validate an isolated, historical and incompletely sampled high-grade intersection in the 200 Footwall Corridor. The original target in the 200 Footwall was identified by 1997 underground drill hole UG-2610 which intersected 26.83 g/t Au over 3.40 m in an incompletely sampled zone. The recent intercept in drill hole S19-044 has discovered a new occurrence of very high-grade mineralization averaging 1,131.91 g/t Au over 1.50 m including a significant subinterval containing abundant visible gold grading 3,390.00 g/t Au over 0.50 m. Refer to Table 1.Table 1: Historical 1997 drill hole UG-2610 samples and length weighted composite: From (m)To (m)Core Length (m)Au Grade (g/t)Sample 199.10100.101.0019.29Sample 2100.10101.301.2049.55Sample 3101.30102.501.2010.40Composite99.10102.503.4026.83 The new 2019 mineralization occurs approximately 50 m deeper into the footwall than the mineralization defined by UG-2610 and a further 75 m deeper than the interpreted 200 Footwall Corridor projection....