Skeena Resources Increases Eskay Creek Resource to 5.9 Moz AuEq in Measured and Indicated Categories

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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 20, 2023 / Skeena Resources Limited (TSX:SKE) (NYSE:SKE) (\"Skeena\" or the \"Company\") is pleased to announce an updated Mineral Resource Estimate (\"MRE\") for the 100% owned Eskay Creek gold-silver Project (\"Eskay Creek\" or the \"Project\") located in the Golden Triangle of British Columbia. Effective June 20, 2023, the updated MRE incorporates an additional 278 drillholes totaling 67,885 metres, enhancements to the resource estimation methods, and updated metallurgical process recoveries. 2023 Eskay Creek MRE Highlights: Total pit constrained Measured and Indicated Resource of 5.6 million ounces (\"Moz\") at 3.47 g/t gold equivalent1 (\"AuEq\") including 4.1 Moz at 2.57 g/t Au and 102.5 Moz Ag at 63.63 g/t Ag­­ The pit constrained Measured and Indicated Resource has increased by 0.43 Moz AuEq1, representing a growth of 8% Measured Category AuEq1 Resource increased by 23% and now accounts for 73% of the total pit constrained MRE, up from 63% in the previous estimate MRE reported using conservative commodity prices of US$1,700/oz Au and US$23/oz Ag Metallurgical process recoveries applied to Resource are 84% Au and 88% Ag Table 1: 2023 Measured, Indicated, and Inferred Pit Constrained Resource Reported at a 0.7 g/t AuEq1 Cut-off Grade Category Tonnes (000) AuEq1 (g/t) Au (g/t) Ag (g/t) AuEq1 Ounces (000) Au Ounces (000) Ag Ounces (000) Measured 27,881 4.60 3.34 88.91 4,126 2,997 79,701 Indicated 22,229 2.05 1.60 31.91 1,465 1,142 22,803 Total M+I 50,109 3.47 2.57 63.63 5,591 4,138 102,504 Inferred 643 1.92 1.46 32.33 40 30 668 Table 2: 2023 Measured, Indicated, and Inferred Underground Constrained Resource Reported at a 3.2 g/t AuEq1 Cut-off grade Assuming Drift and Fill Mining Methods Category Tonnes (000) AuEq1 (g/t) Au (g/t) Ag (g/t) AuEq1 Ounces (000) Au Ounces (000) Ag Ounces (000) Measured 838 7.31 5.29 142.59 197 142 3,842 Indicated 989 4.91 4.12 55.68 156 131 1,771 Total M+I 1,827 6.01 4.66 95.54 353 274 5,613 Inferred 272 4.57 4.21 25.37 40 37 222 Skeena's Senior Vice President of Exploration & Resource Development, Paul Geddes, commented \"Considerable analysis was undertaken during this MRE, which includes a new methodology for restricting the influence of high-grade mineralization proximal to formerly mined areas, optimization of block sizes for mining selectivity...

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