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Skeena Resources Intersects Thick Intercept Grading 9.12 g/t AuEq over 49.60 metres within the 21C Zone Development Buffer at Eskay Creek
VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / Skeena Resources Limited (TSX:SKE) (OTCQX:SKREF) ("Skeena" or the "Company") is pleased to report additional dia
About this update from Skeena Resources Limited
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 19, 2021 / Skeena Resources Limited (TSX:SKE) (OTCQX:SKREF) (\"Skeena\" or the \"Company\") is pleased to report additional diamond drill core results from the Phase 1 and Phase 2 combined campaigns of definition and exploration drilling at the Eskay Creek Project (\"Eskay Creek\" or the \"Project\") located in the Golden Triangle of British Columbia. The Phase 2 infill program, focused upon resource category conversions for the Pre-Feasibility Study (\"PFS\") on open-pit constrained resources, is now complete. Six drill rigs are now active at the Project performing near-mine exploration. Reference images are presented at the end of this release as well as on the Company's website. Eskay Creek Infill Drilling Highlights 21B and 21C Zones 3.18 g/t Au, 27 g/t Ag (3.54 g/t AuEq) over 40.50 m (SK-20-492) 4.67 g/t Au, 35 g/t Ag (5.14 g/t AuEq) over 21.50 m (SK-20-493) 4.73 g/t Au, 67 g/t Ag (5.63 g/t AuEq) over 22.80 m (SK-20-563) 5.69 g/t Au, 151 g/t Ag (7.70 g/t AuEq) over 22.11 m (SK-20-584) 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m (SK-20-579) Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Length weighted AuEq composites are constrained by geological considerations. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero. Thick High-Grade Intersection within 21C Zone Development Buffer The completed Phase 2 infill program was designed to convert Inferred resources to Indicated and Measured categories; results are encouraging and continue to demonstrate the high tenor of the proposed Eskay Creek open-pit mine. Most notably, the intersection of 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m in the 21C Zone (SK-20-579) is within the 25 m \"development buffer\" around historic workings that Skeena was previously restricted from drilling. Mineralization here is hosted largely in footwall rhyolite flows and breccias with a short interval of lessor grade contained within the hanging wall Contact Mudstone. The drill hole pierced historical backfilled workings (at ...