Skeena Intersects 19.26 g/t Gold over 11.85 Metres at Snip Twin Zone Also Yields 35.49 g/t Gold over 4.35 Metres
Skeena Intersects 19.26 g/t Gold over 11.85 Metres at Snip
Twin Zone Also Yields 35.49 g/t Gold over 4.35 Metres
Vancouver, BC ( January 11, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the
“Company”) is pleased to announce additional drill results from 13 holes at the Company’s Snip gold
project (“Snip”) located in the Golden Triangle of British Columbia.
Drilling Highlights
• UG17-027: 74.35 g/t Au over 2.00 metres
• UG17-033: 77.41 g/t Au over 1.10 metres
• UG17-034: 26.28 g/t Au over 2.03 metres
• UG17-034: 7.48 g/t Au over 6.35 metres
• UG17-035: 19.26 g/t Au over 11.85 metres
• UG17-035: 11.21 g/t Au over 5.95 metres
• UG17-036: 35.49 g/t Au over 4.35 metres
Cross sections and drill hole data are available on the Company’s website. A detailed table of length-
weighted gold composites is presented a t the end of this news release. Assays are still pending for
21 holes of the 62 underground drill holes completed in 2017.
Twin Zone Extension Demonstrates High Gold Tenor
Underground drill hole UG17-035 on Section 4920E intersected two previously undrilled mineralized
sections of the eastern Twin Zone grading 19.26 g/t Au over 11.85 metres followed by a second
interval grading 11.21 g/t Au over 5.95 metres . These new intersections are located 60 metres up
dip of historic drill hole UG-56 (drilled in 1988), which intersected 14.73 g/t Au over 4.00 metres. On
the same section 100 metres up dip of the new occurrences, 2017 drill hole UG17-036 intersected
additional mineralization grading 35.49 g/t Au over 4.35 metres . The Twin Zone was further
extended on Section 4900E by drill holes UG17-027 and UG17-028 which intersected 74.35 g/t Au
over 2.00 metres and 6.77 g/t Au over 7.56 metres respectively.
High Grade 412 Zone Demonstrates Continuity
The 412 Zone, l ocated 150 metres into the footwall of the Twin Zone, continues to show continuity
with drill hole UG17-034 on Section 4920E intersecting two mineralized veins averaging 26.28 g/t Au
over 2.03 metres and 7.48 g/t Au over 6.35 metres . The downdip continuity of the 412 Zone is
demonstrated by previously disclosed 2017 drill holes UG17-021 which intersected 4.88 g/t Au over
8.30 metres including 37.60 g/t Au over 0.50 metres and UG17-020 which intersected 132.00 g/t
Au over 0.50 metres. This mineralized corridor remains open for expansion at depth.
NR: 18-2
January 11, 2018
The Twin Zone, which accounted for 61% of historical production, is a dilatant shear zone consisting
of a number of southwest dipping shear veins. The most productive parts of the shear zone occur
when the structures change orientation and become steeper dipping, causing zones of extension that
can form thicker zones of mineralization, including parallel zones as seen in the 150 and 130 Veins,
which accounted for 24% of historical production. 2017 underground drilling is successfully identifying
other dilatant shear zones, caused by changes in attitude of the shears, and specificall y zones that
are down plunge or in the footwall of the Twin Zone, such as the 412 Zone.
Quality Assurance and Quality Control
A rigorous chain-of-custody and quality assurance/quality control program, consisting of the insertion
of certified standard control samples, duplicates and blanks, was applied to the NQ 2-diameter, sawn
half-core samples. Sample preparation and analyses for 2017 samples were completed at Activation
Labs in Kamloops, B.C. Gold is determined by 50 -gram fire assay followed by an atomic absorption
finish, or by gravimetric finish for samples over 10 g/t. Silver and other elements are determin ed by
an ICP analysis following aqua regia digestion. Samples with over 100 g/t silver, 0.5% lead or 1% zinc
are re-analyzed by a 4-acid digestion followed by ICP-OES.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and
approved by Skeena’s Chief Geologist , Ron Nichols , P. Eng., a Qualified Person as defined by
National Instrument 43-101.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing
prospective precious and base metal properties in the Golden Triangle of northwest British Columbia,
Canada. The Company’s primary activities are the exploration and development of the past-producing
Snip and Eskay Creek mi nes, both acquired from Barrick. In addition, the Company is performing
preliminary exploration on the past -producing Porter Idaho silver mine and has completed a
Preliminary Economic Assessment on the Spectrum-GJ copper-gold porphyry project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
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 information are
based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations.
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 min eral resources and reserves, the realization of resource and
reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital a nd
operating costs, the availability of financing, the receipt of regu latory 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 TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Snip 2017 Underground Drill Hole Assays
SECTION HOLE # FROM TO LENGTH (M) AU g/t TARGET
4900E-500 UG17-026 1.85 3.45 1.60 5.41
31.75 32.75 1.00 5.63
77.20 77.70 0.50 7.17
92.00 95.30 3.30 6.40 Twin Zone
4900E-500 UG17-027 119.50 121.50 2.00 74.35 Twin Zone
incl. 119.50 120.00 0.50 290.00
128.00 129.50 1.50 3.16
4900E-500 UG17-028 1.50 2.52 1.02 13.80
89.00 96.56 7.56 6.77 Twin Zone
incl. 89.00 90.50 1.50 12.30
and 93.72 95.00 1.28 14.15
4900E-500 UG17-029 50.40 51.00 0.60 87.70
84.90 87.95 3.05 4.67 Twin Zone
4900E-500 UG17-038 3.90 4.40 0.50 4.74
117.30 118.80 1.50 4.68 Twin Zone
126.20 127.10 0.90 4.67
4920E-412 UG17-032 99.00 100.50 1.50 4.68
116.50 119.50 3.00 6.90 412 Zone
4920E-412 UG17-033 75.70 76.80 1.10 77.14 412 Zone
88.85 89.85 1.00 6.34
134.45 135.15 0.70 5.74
4920E-412 UG17-034 53.22 55.25 2.03 26.28 412 Zone
incl. 53.22 54.25 1.03 50.80
76.65 83.00 6.35 7.48 412 Zone
incl. 81.10 81.80 0.70 24.60
4920E-412 UG17-035 6.45 7.45 1.00 9.25
91.60 92.10 0.50 19.00
129.00 140.85 11.85 19.26 Twin Zone
incl. 136.50 140.85 4.35 47.45
incl. 138.00 139.00 1.00 17.20
and 140.35 140.85 0.50 352.00
152.05 158.00 5.95 11.21 Twin Zone
4920E-412 UG17-036 59.20 63.55 4.35 35.49 Twin Zone
incl. 59.20 59.80 0.60 11.30
and 62.70 63.55 0.85 171.00
106.90 107.59 0.69 13.50
4920E-412 UG17-037 3.15 4.50 1.35 6.37
35.00 36.80 1.80 5.10
65.60 66.35 0.75 43.90
73.70 74.70 1.00 12.91 Twin Zone
4920E-412 UG17-041 50.60 51.20 0.60 10.20
87.95 88.85 0.90 10.90 Twin Zone
4920E-412 UG17-042 4.50 5.20 0.70 11.20
41.00 42.50 1.50 7.29
126.90 128.00 1.10 24.80 Twin Zone
Notes: All values are un-cut. Drill intercepts are core length as there is insufficient data available
to present true widths.