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Skeena Intersects 23.45 g/t AuEq Over 28.50 Metres at Eskay Creek
VANCOUVER, BC / ACCESSWIRE / October 1, 2018 / Skeena Resources Limited (TSX.V: SKE , OTCQX...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Intersects 23.45 g/t AuEq Over 28.50 Metres at Eskay CreekVANCOUVER, BC / ACCESSWIRE / October 1, 2018 / Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (\"Skeena\" or the \"Company\") is pleased to announce additional Au-Ag assay results for five holes from the ongoing Phase I surface drilling program at the Eskay Creek Project (\"Eskay Creek\") located in the Golden Triangle of British Columbia. Base metal results are pending and will be disclosed once available. The multifaceted Phase I program is being performed in the historically drill defined 21A, 21C and 22 Zones. Reference images are presented at the end of this release as well as on the Company's website.Eskay Creek Phase I Drilling Highlights 14.02 g/t Au, 707 g/t Ag, 23.45 g/t AuEq over 28.50 m (SK-18-004) Including: 33.19 g/t Au, 1,903 g/t Ag, 58.56 g/t AuEq over 10.50 m 22.13 g/t Au, 193 g/t Ag, 24.69 g/t AuEq over 11.90 m (SK-18-005) Including: 31.33 g/t Au, 278 g/t Ag, 35.03 g/t AuEq over 8.25 m 28.97 g/t Au, 15 g/t Ag, 29.17 g/t AuEq over 12.95 m (SK-18-006) Gold Equivalent (AuEq) was calculated with the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Length-weighted AuEq composites were constrained by geological considerations as well as a calculated 1.0 g/t AuEq assay grade cut-off assuming reasonable prospects for economic extraction via open pit mining methods. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100% due to a lack of supporting information. Samples below detection limit were nulled to a value of zero.Phase I Drilling DiscussionThe Phase I drilling program on the 21A, 21C and 22 Zones is designed to upgrade Inferred Resources to Indicated Resources in areas with low drill density to allow for future economic analyses and to collect fresh core for a planned metallurgical characterization and testing program. No historical drill core remains for any zones at Eskay Creek. Therefore, new material must be collected for metallurgical evaluations. Overall, the metallurgical program is designed to gather unbiased, representative material that ...