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Skeena Intersects 25.03 g/t AuEq over 35.42 metres in 21A Zone at Eskay Creek New Discovery of Deep Mineralization in Lower Mudstones
VANCOUVER, BC / ACCESSWIRE / August 25, 2020 / Skeena Resources Limited (TSX: SKE )(OTCQX: S...
About this update from Skeena Resources Limited
[{"type":"text","content":"Skeena Intersects 25.03 g/t AuEq over 35.42 metres in 21A Zone at Eskay Creek New Discovery of Deep Mineralization in Lower MudstonesVANCOUVER, BC / ACCESSWIRE / August 25, 2020 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) (\"Skeena\" or the \"Company\") is pleased to announce gold-silver drill results from the 2020 Phase I surface drilling program at the Eskay Creek Project (\"Eskay Creek\") located in the Golden Triangle of British Columbia. Six ground-based and helicopter supported diamond drill rigs are being utilized for the 2020 Phase I program in the 21A, 21B and 21C Zones for Preliminary Feasibility Study (\"PFS\") resource category conversions. Additionally, the Company is also conducting exploratory drilling in the near-mine environment testing the Water Tower Zone (\"WTZ\") as well as the largely underexplored Lower Mudstone (\"LM\") sequences, which lie beneath the historically mined Contact Mudstone sequences. Reference images are presented at the end of this release as well as on the Company's website.Phase I - 21A Zone Infill Drilling Highlights: Excellent grades over substantial thicknesses5.93 g/t Au, 40 g/t Ag (6.46 g/t AuEq) over 34.40 metres (SK-20-274)21.90 g/t Au, 235 g/t Ag (25.03 g/t AuEq) over 35.42 metres (SK-20-290)6.52 g/t Au, 24 g/t Ag (6.84 g/t AuEq) over 36.50 metres (SK-20-291)Phase I - Exploratory Lower Mudstones Drilling Highlights: New discovery below historic mining11.99 g/t Au, 21 g/t Ag (12.27 g/t AuEq) over 5.99 metres (SK-20-274)5.99 g/t Au, 20 g/t Ag (6.26 g/t AuEq) over 4.20 metres (SK-20-290)Gold Equivalent (AuEq) calculated via 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. 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%. Samples below detection limit are nulled to a value of zero.New Deep Mineralization Discovered in Even Lower Mudstone Below 21A ZoneThree drill holes designed for PFS resource category conversion in the 21A Zone were extended to explore the Lower and Even Lower Mudstone (\"ELM\") sequences. This drilling intersected 5.99 g/t Au, 20 g/t Ag (6.26 g/t AuEq...