Skeena Intersects 9.14 g/t Au Over 10.2 Meters at Snip
Skeena Intersects 9.14 g/t Au Over 10.2 Meters at Snip
Vancouver, BC ( June 26 , 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)
(“Skeena” or the “Company”) is pleased to announce additional assays from 11 holes of the Phase II
underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the
Golden Triangle of British Columbia.
The Phase II drilling program totaling 11,000 m is being performed from existing underground
infrastructure utilizing two drill rigs. Building upon the data gathered from the 2017 Phase I campaign,
the 2018 program is designed to expand newly modelled zones vi a widely spaced exploratory drill
step outs, and further delineate known mineralization in areas of low drilling density. Reference mine
sections are presented at the end of this release as well as on the Company’s website.
Phase II Drilling Highlights:
• 5.60 g/t Au over 19.85 m (UG18-091)
• 13.00 g/t Au over 4.00 m (UG18-091)
• 72.00 g/t Au over 0.50 m (UG18-091)
• 11.13 g/t Au over 3.75 m (UG18-092)
• 6.65 g/t Au over 7.50 m (UG18-092)
• 9.14 g/t Au over 10.20 m (UG18-093)
Eastern Twin Zone Continues to Evolve
The ongoing Phase II underground delineation drilling program at Snip continues to demonstrate high
gold grades and widths of mineralization in the evolving Eastern Twin Zone target as established by
2018 drillholes UG18-091, UG18-092 and UG18-093. Drillhole UG18-091 intersected 8.16 g/t Au over
3.75 m and 7.17 g/t Au over 9.10 m hosted in a larger interval grading 5.60 g/t Au over 19.85 m
situated 25 m down-dip of UG18 -092 which averaged 6.65 g/t Au over 7.50 m. The continuity and
width of the mineralization was further expanded 50 m up-dip of the latter interval by drillhole UG18-
093 which intersected 9.14 g/t Au over 10.20 m.
200 Footwall Corridor Geometry Defined
The first series of widely-spaced exploratory drill holes in the newly modelled 200 Footwall Corridor
target were all successful in delineating a large structure oriented subparallel to the historically mined
Twin Zone which occurs as a strongly altered, dense network of en-echelon veining hosted within a
succession of sheared metasediments. The current interpretation based upon the Phase II drilling
information is that the gold mineralization occurs within a shallowly plunging zone contained within the
larger 200 Footwall structure in the relatively small area currently drilled. The 200 Footwall remains
open for expansion both down-dip and down-plunge.
NR: 18-15
June 26, 2018
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 has completed a Preliminary Economic Assessment on the GJ copper -gold porphyry
project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Qualified Persons
Exploration activities at the Snip Gold Project are administered on site by the Company’s Exploration
Managers, Colin Russell, 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 technical and scientific content of this news release. The Company strictly adheres
to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities
on its exploration 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 s tandard
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 250 grams is pulverized.
Analysis for gold is by 50g 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 10 ppm are re-analyzed
using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a
48 mult i-elemental 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).
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 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 stat ements 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.
Table 1: Snip Project Phase II length weighted drillhole gold composites:
HOLE-ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T) AREA
UG18-083 11.00 12.50 1.50 7.93 130 VEIN EXTENSION
UG18-083 14.00 15.50 1.50 9.10 130 VEIN EXTENSION
UG18-083 53.00 54.50 1.50 3.42 200 FOOTWALL
INCLUDING 54.00 54.50 0.50 7.61 200 FOOTWALL
UG18-083 93.70 94.20 0.50 3.45 200 FOOTWALL
UG18-084 120.00 121.50 1.50 2.46 200 FOOTWALL
UG18-085 126.00 126.50 0.50 4.73 200 FOOTWALL
UG18-086 79.50 80.00 0.50 3.37 200 FOOTWALL
UG18-087 64.00 64.50 0.50 21.60 200 FOOTWALL
UG18-087 74.50 78.00 3.50 6.20 200 FOOTWALL
INCLUDING 76.00 77.00 1.00 12.45 200 FOOTWALL
UG18-087 98.15 98.65 0.50 6.42 200 FOOTWALL
UG18-088 38.00 38.50 0.50 7.00 130 VEIN EXTENSION
UG18-088 56.00 56.50 0.50 6.90 130 VEIN EXTENSION
UG18-088 112.50 114.00 1.50 7.92 200 FOOTWALL
UG18-089 36.50 38.00 1.50 16.15 130 VEIN EXTENSION
UG18-089 43.00 43.50 0.50 5.47 130 VEIN EXTENSION
UG18-090 53.50 54.15 0.65 2.37 412 CORRIDOR
UG18-091 50.50 51.40 0.90 9.75 412 CORRIDOR
UG18-091 53.40 54.90 1.50 8.39 412 CORRIDOR
INCLUDING 53.90 54.40 0.50 15.45 412 CORRIDOR
UG18-091 59.15 79.00 19.85 5.60 EASTERN TWIN
INCLUDING 59.15 62.90 3.75 8.16 EASTERN TWIN
INCLUDING 62.40 62.90 0.50 37.40 EASTERN TWIN
AND 67.40 76.50 9.10 7.17 EASTERN TWIN
INCLUDING 67.40 68.10 0.70 11.25 EASTERN TWIN
AND 68.60 69.10 0.50 15.40 EASTERN TWIN
AND 69.10 69.60 0.50 11.00 EASTERN TWIN
AND 70.60 71.15 0.55 18.10 EASTERN TWIN
AND 75.00 76.50 1.50 15.35 EASTERN TWIN
UG18-091 91.00 95.00 4.00 13.00 HW EASTERN TWIN
UG18-091 92.50 93.00 0.50 72.00 HW EASTERN TWIN
UG18-092 56.00 56.50 0.50 7.22 412 CORRIDOR
UG18-092 74.00 81.50 7.50 6.65 EASTERN TWIN
HOLE-ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T) AREA
INCLUDING 76.50 80.25 3.75 11.13 EASTERN TWIN
INCLUDING 77.00 77.50 0.50 11.85 EASTERN TWIN
AND 77.50 78.00 0.50 22.50 EASTERN TWIN
AND 78.00 78.50 0.50 19.70 EASTERN TWIN
UG18-092 98.00 99.00 1.00 8.17 HW EASTERN TWIN
UG18-092 110.70 111.20 0.50 17.00 HW EASTERN TWIN
UG18-092 115.00 115.50 0.50 14.30 HW EASTERN TWIN
UG18-093 90.80 101.00 10.20 9.14 EASTERN TWIN
INCLUDING 96.00 96.50 0.50 50.70 EASTERN TWIN
AND 97.00 98.00 1.00 38.10 EASTERN TWIN
True widths cannot be accurately determined from the information available therefore core lengths are reported. Top
cuts have not been applied to high grade assays.
Table 2: Mine grid Phase II underground drillhole locations and orientations.
HOLE-ID EASTING NORTHING ELEVATION LENGTH (M) AZIMUTH DIP
UG18-083 4627.7 2224.2 379.8 206.0 44.0 -25.7
UG18-084 4784.1 2193.4 415.6 205.9 351.0 -25.0
UG18-085 4627.1 2224.1 381.9 370.3 34.8 28.4
UG18-086 4624.9 2225.1 381.2 217.6 336.1 9.6
UG18-087 4625.8 2225.1 381.1 224.1 355.9 9.6
UG18-088 4601.0 2159.2 377.7 202.7 356.8 -55.0
UG18-089 4601.0 2160.1 377.9 203.0 356.2 -31.4
UG18-090 4849.2 2308.8 572.4 70.1 176.0 5.0
UG18-091 4849.0 2308.4 573.4 231.6 180.0 20.0
UG18-092 4849.0 2309.0 574.0 140.2 180.0 36.0
UG18-093 4849.0 2310.4 574.7 106.1 180.0 65.0