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Skeena Intersects 16.02 g/t Gold Over 12.25 Metres at Snip
VANCOUVER, BC / ACCESSWIRE / July 11, 2018 / Skeena Resources Limited (TSX-V: SKE ; OTCQX: ...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Intersects 16.02 g/t Gold Over 12.25 Metres at SnipVANCOUVER, BC / ACCESSWIRE / July 11, 2018 / Skeena Resources Limited (TSX-V: SKE; OTCQX: SKREF) (\"Skeena\" or the \"Company\") is pleased to report additional assay results from the Phase II underground drilling program at the Company's 100% owned Snip Gold Project (\"Snip\") located in the Golden Triangle of British Columbia.The Phase II drilling program totaling 11,000 metres is being performed from surface and underground utilizing two drill rigs. Building upon the data gathered from the Phase I campaign, the Phase II program is designed to expand newly modelled zones via widely spaced exploratory drill step outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. Reference mine sections are presented at the end of this release, and on the Company's website.Phase II Drilling Highlights: 16.02 g/t Au over 12.25 m (UG18-097) 11.81 g/t Au over 12.20 m (UG18-096) 18.90 g/t Au over 2.29 m (UG18-095) 5.26 g/t Au over 10.60 m (UG18-094) 5.23 g/t Au over 13.70 m (UG18-095)Phase II Delineation Drilling Continues to Enhance Grades and Widths The ongoing Phase II drilling on the Eastern Twin Zone continues to encounter gold grades and vein thicknesses which are significantly better than historical drilling programs. These improved results are in-part a result of a more comprehensive sampling protocol which does not rely on selective sampling and instead samples the entirety of the drillhole. The protocol is intended to provide a complete database to support economic analyses using current gold prices and modern cut-off grades.A significant intercept in this zone includes 16.02 g/t Au over 12.25 m (UG18-097) hosted within a thicker mineralized envelope grading 12.37 g/t Au over 20.75 m. Continuity of the zone was further demonstrated 30 metres down-dip in UG18-096 which intersected 11.81 g/t Au over 12.20 m. The recent intercept in UG18-097 occurs only five metres down-dip of historical drill hole UG-1706 which returned assays of 36.8 g/t Au but over only 0.40 m, either because of incomplete and selective sampling or geological and grade variability within the same mineralized zone of interest.Paul Geddes, Skeena's VP of Exploration & Resource Development commented, \...