Skeena Intersects 44.10 g/t Gold over 1.50 Metres at Snip Upper Twin Zone Also Yields 8.06 g/t Gold over 8.00 Metres
Skeena Intersects 44.10 g/t Gold over 1.50 Metres at Snip
Upper Twin Zone Also Yields 8.06 g/t Gold over 8.00 Metres
Vancouver, BC ( January 30, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the
“Company”) is pleased to announce results from the final 12 holes of the 62 -hole diamond drill
program completed at the Company’s Snip gold project (“Snip”) located in the Golden Triangle of
British Columbia.
Drilling Highlights:
• 10.02g/t Au over 4.15 m (UG17-049)
• 9.21g/t Au over 5.88 m (UG17-050)
• 44.10g/t Au over 1.50 m (UG17-051)
• 9.20g/t Au over 2.66 m (UG17-052)
• 17.78g/t Au over 1.25 m (UG17-052)
• 16.69g/t Au over 1.20 m (UG17-052)
• 15.15g/t Au over 1.40 m (UG17-058)
• 8.06g/t Au over 8.00 m (UG17-059)
• 14.50g/t Au over 2.50 m (UG17-060)
Cross sections and drill hole data are available on the Company’s website. A detailed table of length-
weighted gold assay composites is presented at the end of this news release.
Upper Twin Zone Expanded to Depth
Drilling on the eastern portion of the Upper Twin Zone continues to establish grade and geological
continuity as demonstrated by 2017 underground drill hole UG17-059 which intersected 8.06 g/t Au
over 8.00 m including 14.88 g/t Au over 3.32 m, and is located 50 m down-dip of previously reported
drill hole UG17-062 which intersected two separate zones in the Upper Twin Zone grading 91.56 g/t
Au over 3.82 m and 8.71 g/t Au over 5.00 m. Drillholes UG17-049 and UG17 -050 have also
successfully expanded the down -dip extension of the of the Upper Twin Zone with intersections of
10.02 g/t Au over 4.15 m and 9.21 g/t Au over 5.88 m, respectively. Down-dip of these intersections,
a 100-m undrilled gap of high potential exists as defined by the nearest drill hole (UG-56) drilled during
1988 which intersected 14.73 g/t Au over 4.00 m. In this area, the Twin Zone remains untested by
drilling below this depth and is open for expansion.
412 Footwall Drilling
Confirmation drilling in the 412 Zone has returned positive results including UG17-051 which
intersected 44.10 g/t Au over 1.50 m and UG17-052 which averaged 9.20 g/t Au over 2.66 m. The
412 Zone represents a series of vertically dipping extensional veins located in the footwall of the Twin
Zone.
NR: 18-6
January 30, 2018
A Phase 2 underground drill program is expected to commence in February that will focus on further
defining the Twin, Upper Twin and 412 Zones as well as exploring the newly defined 200 Footwall
targets. Plans will be announced shortly.
Quality Assurance and Quality Control
A rigorous chain-of-custody and quality assurance/quality control (QA/QC) program, consisting of the
insertion of certified standard control samples, duplicates and blanks, was applied to the NQ 1.87-
inch (47.6 mm) 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 Au.
Silver and other elements are determined by an ICP analysis following aqua regia digestion. Samples
with over 100 g/t Ag, 0.5% Pb or 1% Zn 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 mine and the recently optioned Eskay Creek mine, 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 mineral 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 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 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
4860-412 UG17-058 45.85 47.25 1.40 15.15 Twin Zone
51.80 53.42 1.62 7.84
UG17-060 43.00 46.00 3.00 4.84 Twin Zone
77.50 80.00 2.50 14.50
UG17-061 94.00 94.50 0.50 11.60 412 Zone
120.80 121.30 0.50 15.50
4900-412 UG17-046 41.80 44.44 2.64 6.99 Twin Zone
69.60 70.85 1.25 7.89
69.60 70.10 0.50 16.60 including
76.75 77.25 0.50 36.80
UG17-047 55.00 56.50 1.50 6.79 Twin
63.09 65.00 1.91 3.61
UG17-048 61.50 63.00 1.50 6.53 Twin
68.50 70.00 1.50 4.74
UG17-049 58.50 59.00 0.50 31.50
105.50 109.65 4.15 10.02 Twin
105.50 106.00 0.50 46.30 incl.
109.15 109.65 0.50 36.60 incl.
UG17-050 104.50 106.00 1.50 8.63 Twin Zone
113.12 119.00 5.88 9.21 Twin Zone
114.30 114.90 0.60 11.20 incl.
116.50 117.00 0.50 59.50 incl.
118.40 119.00 0.60 12.70 incl.
UG17-051 75.12 75.80 0.68 6.35 412 Zone
88.50 90.00 1.50 44.10
105.00 105.50 0.50 5.20
138.15 138.65 0.50 5.40
UG17-052 83.60 86.26 2.66 9.20 412 Zone
93.90 95.15 1.25 17.78
113.70 114.90 1.20 16.69
UG17-057 34.50 36.00 1.50 5.09 412 Zone
79.00 79.50 0.50 5.15
101.50 103.00 1.50 5.38
104.82 106.07 1.25 5.91
4930-550 UG17-059 59.50 61.00 1.50 4.78
115.00 123.00 8.00 8.06 Upper Twin
115.00 118.32 3.32 14.88 incl.
Notes: All values are un-cut. Drill intercepts are core length as there is insufficient data
available to present true widths.