Skeena Adds Near Surface Mineralization in 22 Zone With 6.00 g/t AuEq over 26.28 metres
Skeena Adds Near Surface Mineralization in 22 Zone
With 6.00 g/t AuEq over 26.28 metres
Vancouver, BC ( January 6 , 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 on -going with six drill rigs currently active. Reference images are
presented at the end of this release as well as on the Company’s website.
Eskay Creek Infill Drilling Highlights
22 Zone
• 3.05 g/t Au, 221 g/t Ag (6.00 g/t AuEq), over 26.28 m (SK-20-481)
• 4.44 g/t Au, 228 g/t Ag (7.48 g/t AuEq), over 14.50 m (SK-20-500)
• 12.94 g/t Au, 503 g/t Ag (19.65 g/t AuEq), over 9.87 m (SK-20-507)
21 B & C Zone
• 3.65 g/t Au, 5 g/t Ag (3.71 g/t AuEq), over 25.71 m (SK-20-494)
• 3.23 g/t Au, 9 g/t Ag (3.35 g/t AuEq), over 29.35 m (SK-20-483)
• 2.82 g/t Au, 10 g/t Ag (2.95 g/t AuEq), over 31.10 m (SK-20-484)
• 5.34 g/t Au, 7 g/t Ag (5.44 g/t AuEq), over 28.65 m (SK-20-486)
Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Apparent
widths are reported for the 22 Zone due to the geometry of the mineralization and the orientation of the drill holes. 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.
Shallow High-Grade Mineralization Discovered in 22 Zone
Inferred m ineralization reported in the Company’s 2019 Mineral Resource Estimate for the
southeastern portion of the 22 Zone was informed by widely spaced historical drill holes. The recent
infill drilling program in the 22 Zone has discovered Au-Ag mineralization at surface within the resource
reporting pit. The new discovery is highlighted by the 2020 Phase 1 intercept of 3.05 g/t Au, 221 g/t
Ag (6.00 g/t AuEq), over 26.28 m which includes high-tenor sub-intervals grading 7.82 g/t Au, 724 g/t
Ag (17.47 g/t AuEq) over 1.35 m and 3.18 g/t Au, 2,210 g/t Ag (32.65 g/t AuEq) over 1.50 m (SK-20-
481), starting at 1.22 m from surface . This mineralization is corroborated up-dip by SK-20-437 and
SK-20-438 which intersected 2.45 g/t AuEq over 21.00 m and 3.16 g/t AuEq over 13.00 m respectively.
Refer to vertical section 930-22N below.
“This new discovery within the pit-constrained 22 Zone resource model was originally considered an
area of unmineralized waste due to a lack of drilling and as such was not incorporated into Skeena’s
NR: 21-01 | January 6, 2021
2019 PEA,” comments Paul Geddes, the Company’s Vice President of Exploration and Resource
Development. “The grade and location of t hese recent intersections are expected to translate into
additional resources when the 2020 drilling data is incorporated into the new resource model during
Q1 2021.”
Preliminary Tom MacKay Exploration Identifies Footwall Replacement Mineralization
The Tom Mac Kay Zone is situated 2,500 m southwest of the main Eskay Creek deposits and
represents a near surface, sparsely drilled historical Au-Ag occurrence hosted in footwall andesites,
intermediate volcanics and the Even Lower Mudstone (ELM). The Company drilled a total of nine
surface drill holes fanned from two drill pads in this area to confirm the historical data, gain geological
understanding as well as test for additional mineralization.
This initial program of exploratory drill testing by Skeena has yielded discordant replacement style Au-
Ag mineralization including 4.99 g/t Au, 5 g/t Ag (5.05 g/t AuEq), over 10.50 metres, including 24.20
g/t Au, <5 g/t Ag (24. 20 g/t AuEq), over 1.50 metres (SK-20-466), 2.02 g/t Au, 14 g/t Ag (2.21 g/t
AuEq), over 14.50 metres (SK-20-464) and 3.29 g/t Au, 9 g/t Ag (3.41 g/t AuEq), over 9.40 metre s,
including 14.10 g/t Au, 19 g/t Ag (14.35 g/t AuEq), over 1.40 metres (SK-20-433).
Exploration Update
The Company currently has six drill rigs operating at Eskay Creek finalizing the Phase II program of
category conversion drilling. This program will be complete in mid-January 2021 at which point the
drills will be re-assigned to a 5,000 m exploratory program testing targets in the near mine
environment. All drilling from the Phase 2 program will be incorporated into the updated 2021 Mineral
Resource Estimate.
About Skeena
Skeena Resources Limited is a junior mining company focused on developing the past -producing
Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British
Columbia, Canada. The Company released a robust Preliminary Economic Assessment in late 2019
and is curr ently focused on infill and exploration drilling at Eskay Creek to advance the project to
Prefeasibility. Skeena is also exploring the past-producing Snip gold mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
Qualified Persons
Exploration activities at the Eskay Creek Project are administered on site by the Company’s
Exploration Managers, Raegan Markel, P.Geo. and Adrian Newton, P.Geo. In accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice
President Exploration and Resource Development, is the Qualified Person for the Company and has
prepared, validated and approved the techni cal and scientific content of this news release. The
Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting
the exploration activities on its projects.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and
bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are
applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC)
samples at regular intervals in the sample stream, including blanks and reference materials with all
sample shipments to monitor laboratory performance. The QAQC program was designed and
approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s
Qualified Person, Paul Geddes, P.Geo, Vice President Exploration and Resource Development.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British
Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard
for gold assays and all analytical methods include quality control materials at set frequencies with
established data acceptance criteria. The entire sample is crushed and 1 kg is pulverized. Analysis for
gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and
upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 50 g
fire assay fusion with gravimetric finish. Analysis for silver is by 50 g fire assay fusion with gravimetric
finish with a lower limit of 5ppm and upper limit of 10,000 ppm. Samples with silver assays greater
than 10,000 ppm are re -analyzed using a gravimetric silver concentrate method. A selected number
of samples are also analyzed using a 48 multi -element geochemical package by a 4 -acid digestion,
followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP -AES) and Inductively
Coupled Plasma Mass Spectroscopy (ICP-MS) and also for mercury using an aqua regia digest with
Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP -AES) finish. Samples with sulfur
reporting greater than 10% from the multi -element analysis are re -analyzed for total sulfur by Leco
furnace and infrared spectroscopy.
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking
statements” within the meaning of applicable Canadian and United States securities legislation. These statements and informat ion are
based on facts currently available to the Company and there is no assurance that actual results will meet management’s expect ations.
Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”,
“expects”, “may”, “will”, “could” or “would”. Forward -looking statements and information contained herein are based on certain factors
and assumptions regarding, among other things, the estimation of mineral resources and reserves, the reali zation of resource and
reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating
costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the
Company considers its assumptions to be reasonable as of the date hereof, forward -looking statements and information are not
guarantees of future performance and readers should not place undue importance on such statements as actual events and results may
differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information
except as may be required by applicable securities laws.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Table 1: Eskay Creek Project 2020 Length Weighted Drill Hole Gold and Silver Composites:
Hole-ID From (m) To (m) Core
Length (m) Au (g/t) Ag (g/t) AuEq (g/t) Zone Phase
SK-20-430 156.03 158.00 1.97 1.75 5 1.82 21C 2
SK-20-431 ABANDONED
SK-20-432 60.48 67.00 6.52 1.59 5 1.66 TM 1
SK-20-432 141.00 150.00 9.00 1.40 12 1.56 TM 1
SK-20-432 173.70 176.00 2.30 0.84 50 1.51 TM 1
SK-20-433 10.00 15.50 5.50 1.04 5 1.10 TM 1
SK-20-433 74.10 83.50 9.40 3.29 9 3.41 TM 1
including 74.10 75.50 1.40 14.10 19 14.35 TM 1
SK-20-433 122.00 129.50 7.50 1.77 5 1.84 TM 1
SK-20-433 155.00 159.00 4.00 5.30 22 5.60 TM 1
including 155.00 156.58 1.58 11.60 21 11.88 TM 1
SK-20-433 186.00 187.50 1.50 1.33 15 1.53 TM 1
SK-20-433 216.00 219.50 3.50 1.06 29 1.44 TM 1
SK-20-433 245.00 249.00 4.00 0.68 26 1.03 TM 1
SK-20-433 272.50 275.00 2.50 0.76 29 1.14 TM 1
SK-20-434 2.00 12.00 10.00 0.95 5 1.02 TM 1
SK-20-434 15.00 16.50 1.50 18.95 5 19.02 TM 1
SK-20-434 64.25 65.50 1.25 1.67 5 1.74 TM 1
SK-20-434 128.00 136.50 8.50 2.11 6 2.20 TM 1
SK-20-434 155.00 159.10 4.10 1.02 8 1.12 TM 1
SK-20-434 164.00 171.50 7.50 1.39 6 1.47 TM 1
SK-20-434 177.50 185.00 7.50 3.40 7 3.49 TM 1
including 182.00 183.00 1.00 15.15 12 15.31 TM 1
SK-20-434 192.50 194.00 1.50 1.03 5 1.10 TM 1
SK-20-443 707.00 709.00 2.00 0.94 5 1.01 21C 1
SK-20-443 743.00 744.00 1.00 0.93 5 1.00 21C 1
SK-20-446 9.50 37.00 27.50 1.95 5 2.02 22 1
SK-20-449 294.00 295.43 1.43 3.41 5 3.48 21C 1
SK-20-449 337.00 338.50 1.50 5.11 7 5.20 21C 1
SK-20-449 352.61 354.00 1.39 2.10 5 2.17 21C 1
SK-20-449 356.96 377.00 20.04 1.09 6 1.17 21C 1
SK-20-449 449.73 467.50 17.77 1.68 14 1.86 21C 1
SK-20-449 486.50 488.00 1.50 1.22 5 1.29 21C 1
SK-20-449 509.00 518.50 9.50 2.24 8 2.35 21C 1
including 518.00 518.50 0.50 13.20 13 13.37 21C 1
SK-20-451 23.00 24.00 1.00 2.67 5 2.74 22 1
SK-20-451 30.50 33.50 3.00 1.91 11 2.05 22 1
SK-20-451 80.50 88.50 8.00 0.44 289 4.29 22 1
including 87.41 88.50 1.09 0.86 797 11.49 22 1
SK-20-451 91.24 123.50 32.26 1.02 6 1.10 22 1
SK-20-453 6.00 7.00 1.00 0.51 71 1.46 22 1
SK-20-453 46.00 101.50 55.50 1.15 43 1.72 22 1
SK-20-453 119.50 122.50 3.00 1.54 12 1.70 22 1
SK-20-453 125.50 128.50 3.00 2.03 10 2.16 22 1
SK-20-453 148.00 149.00 1.00 1.33 8 1.44 22 1
SK-20-457 NSA 22 1
SK-20-458 3.00 7.50 4.50 4.48 38 4.99 22 1
SK-20-458 33.00 42.00 9.00 1.82 209 4.60 22 1
including 37.50 39.00 1.50 5.71 978 18.75 22 1
SK-20-459 0.61 8.00 7.39 6.13 5 6.20 22 1
including 0.61 2.00 1.39 19.05 <5 19.05 22 1
SK-20-460 NSA 22 1
Hole-ID From (m) To (m) Core
Length (m) Au (g/t) Ag (g/t) AuEq (g/t) Zone Phase
SK-20-461 NSA 22 1
SK-20-462 1.80 9.00 7.20 2.56 12 2.72 TM 1
SK-20-462 26.00 27.00 1.00 1.36 5 1.43 TM 1
SK-20-462 29.50 32.50 3.00 1.21 7 1.30 TM 1
SK-20-462 40.00 41.50 1.50 6.37 6 6.45 TM 1
SK-20-462 56.25 60.50 4.25 2.84 5 2.91 TM 1
SK-20-462 99.00 103.50 4.50 0.96 5 1.02 TM 1
SK-20-462 109.50 112.50 3.00 1.69 5 1.76 TM 1
SK-20-463 4.00 10.00 6.00 2.18 5 2.24 TM 1
SK-20-463 23.50 29.50 6.00 3.39 6 3.47 TM 1
SK-20-463 34.00 37.00 3.00 1.11 5 1.17 TM 1
SK-20-464 4.50 12.30 7.80 3.18 7 3.27 TM 1
SK-20-464 15.50 30.00 14.50 2.02 14 2.21 TM 1
SK-20-464 36.00 37.10 1.10 1.74 9 1.86 TM 1
SK-20-465 1.20 7.50 6.30 2.58 9 2.70 TM 1
SK-20-465 47.00 50.25 3.25 0.80 15 1.01 TM 1
SK-20-465 59.00 60.50 1.50 7.70 5 7.77 TM 1
SK-20-466 5.00 15.50 10.50 4.99 5 5.05 TM 1
including 6.50 8.00 1.50 24.20 <5 24.20 TM 1
SK-20-466 29.75 32.00 2.25 1.53 11 1.68 TM 1
SK-20-467 3.00 5.50 2.50 2.06 19 2.31 TM 1
SK-20-467 12.00 19.50 7.50 2.02 5 2.09 TM 1
SK-20-467 24.00 27.00 3.00 1.10 5 1.17 TM 1
SK-20-467 62.50 64.50 2.00 1.01 6 1.09 TM 1
SK-20-467 77.50 83.50 6.00 1.90 10 2.02 TM 1
SK-20-467 95.00 97.46 2.46 1.84 10 1.98 TM 1
SK-20-469 NSA 22 1
SK-20-470 17.50 19.00 1.50 2.52 51 3.20 22 2
SK-20-470 56.50 58.00 1.50 1.07 17 1.30 22 2
SK-20-470 60.50 70.00 9.50 2.57 33 3.00 22 2
SK-20-470 85.95 100.00 14.05 1.94 70 2.88 22 2
SK-20-471 11.00 15.50 4.50 0.81 23 1.12 22 2
SK-20-471 72.50 79.00 6.50 0.71 43 1.28 22 2
SK-20-471 84.50 92.00 7.50 1.36 98 2.67 22 2
including 87.50 88.50 1.00 2.82 611 10.97 22 2
SK-20-471 95.00 105.00 10.00 1.02 16 1.24 22 2
SK-20-472 17.00 21.50 4.50 1.20 26 1.55 22 2
SK-20-472 27.50 29.00 1.50 0.11 69 1.03 22 2
SK-20-472 35.00 36.50 1.50 1.02 5 1.09 22 2
SK-20-472 83.00 88.00 5.00 1.38 5 1.44 22 2
SK-20-473 6.79 13.00 6.21 1.35 44 1.93 22 2
SK-20-473 19.00 20.50 1.50 0.58 117 2.14 22 2
SK-20-473 55.00 60.67 5.67 0.41 51 1.09 22 2
SK-20-474 78.50 80.92 2.42 0.51 44 1.10 22 2
SK-20-474 108.50 116.00 7.50 0.74 22 1.03 22 2
SK-20-474 119.00 126.50 7.50 1.01 10 1.14 22 2
SK-20-474 128.60 140.00 11.40 0.53 200 3.19 22 2
including 132.50 134.00 1.50 0.60 719 10.19 22 2
SK-20-475 37.00 56.50 19.50 1.89 14 2.07 22 2
SK-20-475 59.50 71.00 11.50 3.78 7 3.87 22 2
including 61.00 62.50 1.50 11.75 5 11.82 22 2
SK-20-475 78.50 99.50 21.00 1.62 18 1.86 22 2
SK-20-475 113.00 123.50 10.50 1.60 38 2.10 22 2
including 118.75 119.39 0.64 11.10 204 13.82 22 2
Hole-ID From (m) To (m) Core
Length (m) Au (g/t) Ag (g/t) AuEq (g/t) Zone Phase
SK-20-475 131.00 145.00 14.00 1.79 134 3.57 22 2
including 136.25 136.79 0.54 7.29 607 15.38 22 2
and 136.79 137.51 0.72 5.90 635 14.37 22 2
SK-20-477 30.38 32.31 1.93 1.27 80 2.34 22 2
SK-20-478 20.50 22.00 1.50 1.14 5 1.21 22 2
SK-20-480 2.50 31.00 28.50 0.99 61 1.80 22 2
including 10.80 12.00 1.20 2.74 639 11.26 22 2
SK-20-480 51.00 53.20 2.20 1.41 10 1.53 22 2
SK-20-480 76.43 80.50 4.07 1.78 13 1.96 22 2
SK-20-480 83.80 91.00 7.20 1.22 31 1.63 22 2
SK-20-480 113.50 115.00 1.50 1.21 12 1.37 22 2
SK-20-481 1.22 27.50 26.28 3.05 221 6.00 22 2
including 8.50 9.50 1.00 12.90 27 13.26 22 2
and 16.65 18.00 1.35 7.82 724 17.47 22 2
and 18.00 19.50 1.50 3.18 2,210 32.65 22 2
SK-20-481 38.00 40.00 2.00 0.19 81 1.26 22 2
SK-20-482 227.50 242.50 15.00 2.09 7 2.18 21C 2
SK-20-483 206.38 235.73 29.35 3.23 9 3.35 21C 2
including 226.00 227.00 1.00 19.40 19 19.65 21C 2
SK-20-484 202.45 233.55 31.10 2.82 10 2.95 21C 1
SK-20-484 218.50 219.50 1.00 8.69 155 10.76 21C 1
SK-20-485 168.83 174.50 5.67 1.28 16 1.49 21C 2
SK-20-485 212.00 236.50 24.50 2.84 26 3.20 21C 2
SK-20-486 200.85 229.50 28.65 5.34 7 5.44 21C 1
including 203.00 204.35 1.35 32.60 <5 32.60 21C 1
and 204.35 205.73 1.38 23.40 5 23.47 21C 1
and 222.00 223.50 1.50 11.45 19 11.70 21C 1
SK-20-487 152.00 169.45 17.45 2.01 29 2.40 21B 2
SK-20-487 174.42 188.00 13.58 1.58 5 1.65 21B 2
SK-20-488 146.00 166.00 20.00 2.98 40 3.51 21B 2
SK-20-488 179.00 180.71 1.71 5.40 5 5.46 21B 2
SK-20-489 144.50 163.00 18.50 2.31 31 2.72 21B 2
SK-20-489 170.50 183.00 12.50 2.63 7 2.72 21B 2
SK-20-489 186.00 188.25 2.25 0.67 35 1.13 21B 2
SK-20-490 149.50 162.97 13.47 2.15 12 2.31 21B 2
including 151.50 152.15 0.65 11.45 29 11.84 21B 2
SK-20-490 166.80 176.00 9.20 1.68 6 1.76 21B 2
SK-20-491 136.25 138.81 2.56 10.88 156 12.95 21B 2
including 138.00 138.81 0.81 23.70 291 27.58 21B 2
SK-20-491 142.88 163.55 20.67 3.66 35 4.13 21B 2
SK-20-491 172.50 177.00 4.50 2.43 42 2.99 21B 2
SK-20-491 181.50 184.50 3.00 1.26 5 1.32 21B 2
SK-20-494 134.00 135.17 1.17 0.02 96 1.30 21B 2
SK-20-494 143.12 144.80 1.68 0.75 38 1.26 21B 2
SK-20-494 151.00 152.76 1.76 11.25 38 11.76 21B 2
including 152.00 152.76 0.76 22.00 65 22.87 21B 2
SK-20-494 155.40 181.11 25.71 3.65 5 3.71 21B 2
SK-20-494 185.50 190.00 4.50 1.39 5 1.46 21B 2
SK-20-497 141.89 145.40 3.51 1.41 18 1.66 21C 1
SK-20-497 176.50 183.50 7.00 1.36 6 1.44 21C 1
SK-20-498 9.50 15.00 5.50 0.26 166 2.47 22 2
SK-20-498 18.50 24.50 6.00 4.78 96 6.06 22 2
SK-20-498 35.75 46.00 10.25 0.54 52 1.23 22 2
SK-20-499 20.00 23.00 3.00 0.73 278 4.43 22 2
Hole-ID From (m) To (m) Core
Length (m) Au (g/t) Ag (g/t) AuEq (g/t) Zone Phase
SK-20-500 146.05 160.55 14.50 4.44 228 7.48 22 2
including 147.00 147.60 0.60 11.20 1,115 26.07 22 2
and 147.60 148.64 1.04 26.00 1,400 44.67 22 2
and 148.64 149.50 0.86 8.41 509 15.20 22 2
SK-20-500 222.50 231.50 9.00 2.66 6 2.74 22 2
SK-20-501 104.00 107.00 3.00 1.02 13 1.19 22 1
SK-20-501 151.95 159.60 7.65 3.14 263 6.64 22 1
including 151.95 153.00 1.05 13.35 454 19.40 22 1
and 153.00 154.00 1.00 3.72 1,215 19.92 22 1
SK-20-501 167.00 170.00 3.00 1.40 5 1.47 22 1
SK-20-502 108.00 109.00 1.00 1.04 19 1.29 22 1
SK-20-502 159.59 175.00 15.41 0.84 26 1.20 22 1
SK-20-503 145.95 165.50 19.55 1.45 31 1.87 22 2
SK-20-503 173.00 175.00 2.00 1.28 5 1.35 22 2
SK-20-504 ABANDONED 22 2
SK-20-505 143.62 147.58 3.96 1.59 99 2.92 22 2
SK-20-505 155.53 162.00 6.47 1.08 7 1.17 22 2
SK-20-505 167.00 170.00 3.00 1.23 5 1.29 22 2
SK-20-506 137.58 146.35 8.77 2.31 595 10.25 22 2
including 142.84 144.08 1.24 5.04 3,350 49.71 22 2
and 144.08 145.10 1.02 1.73 878 13.44 22 2
SK-20-506 150.00 162.50 12.50 1.05 6 1.12 22 2
SK-20-506 168.50 174.05 5.55 1.16 5 1.23 22 2
SK-20-507 93.66 103.55 9.89 1.82 56 2.57 22 2
including 97.22 98.00 0.78 8.48 297 12.44 22 2
SK-20-507 145.13 155.00 9.87 12.94 503 19.65 22 2
including 146.60 148.00 1.40 65.50 2,680 101.23 22 2
and 148.00 149.00 1.00 28.30 1,090 42.83 22 2
SK-20-507 188.00 192.50 4.50 0.90 42 1.47 22 2
SK-20-507 200.00 201.50 1.50 0.05 84 1.17 22 2
SK-20-507 222.50 230.00 7.50 3.66 8 3.77 22 2
including 228.00 229.00 1.00 11.60 11 11.75 22 2
Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Apparent widths
are reported for the 22 Zone due to the geometry of the mineralization and the orientation of the drill holes. Length weighte d 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. NSA – No Significant Assays. TM – Tom MacKay.
Table 2: Mine Grid Drill Hole Locations and Orientations:
Hole-ID Easting (m) Northing (m) Elevation (m) Length (m) Azimuth (°) Dip (°)
SK-20-430 9,754.1 10,252.5 1,015.2 158.0 100.0 -65.0
SK-20-431 9,443.4 10,637.7 883.1 53.0 117.6 -44.7
SK-20-432 9,180.2 6,612.9 1,139.5 176.0 269.9 -58.8
SK-20-433 9,180.2 6,612.9 1,139.4 275.0 330.0 -60.0
SK-20-434 9,180.2 6,612.9 1,139.3 260.0 300.0 -67.0
SK-20-443 9,443.4 10,637.7 882.8 779.0 81.2 -50.2
SK-20-446 9,530.1 8,961.0 1,144.3 80.0 281.3 -50.0
SK-20-449 9,756.5 11,068.3 821.1 674.0 89.1 -74.2
SK-20-451 9,632.6 8,796.4 1,089.6 125.0 250.1 -53.9
SK-20-453 9,634.4 8,850.4 1,102.3 150.0 245.1 -49.0
SK-20-457 9,629.9 9,083.9 1,132.2 15.0 232.1 -46.9
SK-20-458 9,631.0 9,066.8 1,127.4 45.0 225.0 -45.0
Hole-ID Easting (m) Northing (m) Elevation (m) Length (m) Azimuth (°) Dip (°)
SK-20-459 9,593.5 9,099.2 1,124.3 13.0 50.0 -70.1
SK-20-460 9,575.0 9,098.8 1,129.6 30.0 270.0 -50.1
SK-20-461 9,580.9 9,084.3 1,128.4 30.0 270.0 -50.2
SK-20-462 9,110.8 6,611.7 1,106.9 131.0 23.5 -45.8
SK-20-463 9,110.8 6,611.7 1,106.9 101.0 110.2 -45.4
SK-20-464 9,110.8 6,611.7 1,106.4 116.0 65.8 -45.2
SK-20-465 9,110.8 6,611.7 1,108.1 78.0 200.5 -45.7
SK-20-466 9,110.8 6,611.7 1,108.1 80.0 149.8 -46.0
SK-20-467 9,110.8 6,611.7 1,106.3 110.0 150.0 -89.4
SK-20-469 9,629.9 9,083.9 1,132.1 50.0 231.9 -47.0
SK-20-470 9,634.4 8,850.4 1,102.4 100.0 236.2 -56.9
SK-20-471 9,634.4 8,850.4 1,102.6 105.0 267.0 -64.0
SK-20-472 9,634.4 8,850.4 1,102.2 88.0 285.2 -61.0
SK-20-473 9,632.6 8,796.4 1,089.6 145.0 64.2 -86.1
SK-20-474 9,632.6 8,796.4 1,089.9 140.0 250.1 -76.1
SK-20-475 9,632.6 8,796.4 1,089.7 145.0 248.0 -68.1
SK-20-477 9,648.6 8,743.5 1,080.2 120.0 124.9 -74.1
SK-20-478 9,648.6 8,743.5 1,081.9 110.0 177.0 -69.0
SK-20-480 9,632.8 8,768.6 1,084.0 115.0 150.1 -80.0
SK-20-481 9,632.8 8,768.6 1,084.4 107.0 320.1 -86.1
SK-20-482 9,838.5 10,514.2 993.9 248.0 202.0 -79.9
SK-20-483 9,838.5 10,514.2 993.9 242.0 202.2 -82.9
SK-20-484 9,838.5 10,514.2 994.7 238.0 202.3 -85.9
SK-20-485 9,838.5 10,514.2 994.3 245.0 257.9 -85.2
SK-20-486 9,838.5 10,514.2 997.5 240.0 257.9 -88.1
SK-20-487 9,877.6 10,535.5 986.7 195.0 43.1 -81.9
SK-20-488 9,877.6 10,535.5 985.1 195.0 61.4 -80.4
SK-20-489 9,877.6 10,535.5 985.6 195.0 80.3 -82.9
SK-20-490 9,877.6 10,535.5 985.1 191.0 80.0 -88.1
SK-20-491 9,877.6 10,535.5 985.6 205.0 85.0 -74.0
SK-20-494 9,877.6 10,535.5 985.6 200.0 134.7 -80.1
SK-20-497 9,757.3 10,703.6 910.6 195.0 78.9 -63.1
SK-20-498 9,636.1 8,835.1 1,100.2 85.0 230.1 -56.1
SK-20-499 9,636.1 8,835.1 1,100.3 80.0 230.2 -72.1
SK-20-500 9,738.1 10,633.7 923.9 237.0 2.2 -85.2
SK-20-501 9,738.1 10,633.7 923.8 175.0 1.9 -80.0
SK-20-502 9,738.1 10,633.7 923.4 175.0 2.1 -75.8
SK-20-503 9,738.1 10,633.7 922.6 175.0 28.7 -80.7
SK-20-504 9,738.1 10,633.7 925.2 18.5 50.1 -78.8
SK-20-505 9,738.1 10,633.7 922.9 170.0 50.0 -85.1
SK-20-506 9,738.1 10,633.7 922.7 175.0 74.1 -81.0
SK-20-507 9,738.1 10,633.7 923.0 233.0 248.3 -89.9