Skeena Intersects 91.56 g/t Gold over 3.82 Metres at Snip Footwall Drilling Also Intersects 12.59 g/t Gold over 4.70 Metres
Skeena Intersects 91.56 g/t Gold over 3.82 Metres at Snip
Footwall Drilling Also Intersects 12.59 g/t Gold over 4.70 Metres
Vancouver, BC ( January 23, 2018) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the
“Company”) is pleased to announce additional drill results from 9 holes at the Company’s Snip gold
project (“Snip”) located in the Golden Triangle of British Columbia.
Drilling Highlights
• UG17-044: 12.59 g/t Au over 4.70 metres
• UG17-053: 58.70 g/t Au over 1.15 metres
• UG17-054: 30.40 g/t Au over 1.50 metres
• UG17-055: 23.30 g/t Au over 1.50 metres
• UG17-062: 91.56 g/t Au over 3.82 metres
Cross sections and drill hole data are available on the Company’s website. A detailed table of length-
weighted gold composites is presented at the end of this news release.
Upper Twin Zone Continues to Demonstrate Continuity
Targeting a less densely drilled portion of the Upper Twin Zone, 2017 underground dri ll hole UG17-
062 intersected two intervals grading 91.56 g/t Au over 3.82 metres and 8.71 g/t Au over 5.00
metres. This hole successfully demonstrates the up-dip grade and geological continuity of the Upper
Twin. Previously disclosed Skeena drill hole UG17-035 intersected the same style of mineralization
again over two intervals grading 19.26 g/t Au over 11.85 metres as well as 11.21 g/t Au over 5.95
metres. Inclusive of historical drilling, this portion of the Upper Twin has now been traced along its
dip extent for 370 metres and remains open for expansion.
In the footwall of the Upper Twin, drilling has also confirmed and is expanding upon the extensional
veining systems that are geologically equivalent to the historically mined 130 and 150 Vein systems.
Drill hole UG17 -044 intersected 12.59 g/t Au over 4.70 metres and the geological continuity is
verified by UG17-054 and UG17-055 which graded 30.40 g/t Au over 1.50 metres and 23.30 g/t Au
over 1.50 metres respectively.
Skeena’s CEO, Walter Coles Jr. commented, “The latest drill results from Snip speak for themselves.
They confirm the high -grade nature of the deposit and the continuity of the veins. We’re looking
forward to getting back underground in February and commencing a surface exploration drill program
in the spring.”
Assays are still pending for 12 of the 62 underground drill holes completed in 2017. A Phase 2
underground drill program is expected to commence in February with surface drilling planned for
summer 2018.
NR: 18-4
January 23, 2018
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 determined 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 i n 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 ar e 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 a nd 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 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
Notes: All values are un-cut. Drill intercepts are core length as there is insufficient data
available to present true widths.
SECTION HOLE # FROM TO LENGTH (M) AU g/t TARGET
4460E-300 UG17-023 93.00 94.50 1.50 2.87 150 Zone
4930E-550 UG17-062 134.00 139.00 5.00 8.71 Upper Twin
incl. 137.00 139.00 2.00 13.78
148.56 152.38 3.82 91.56
incl. 150.90 152.38 1.48 231.42
4950E-550 UG17-053 128.00 128.60 0.60 42.20 Upper Twin
133.70 135.20 1.50 11.30
148.95 150.10 1.15 58.70
158.00 158.70 0.70 8.82
4950E-550 UG17-054 36.50 38.00 1.50 8.59 Upper Twin
111.00 112.50 1.50 30.40
124.50 125.85 1.35 7.66
145.50 149.65 4.15 5.00
191.25 192.00 0.75 23.50
4950E-550 UG17-055 93.20 94.70 1.50 23.30 Upper Twin
109.70 110.20 0.50 52.00
4950E-550 UG17-056 160.00 161.00 1.00 4.18 Upper Twin
178.70 179.50 0.80 5.10
4970E-550 UG17-043 119.40 119.90 0.50 10.30 Upper Twin
141.00 142.50 1.50 7.21
151.85 153.00 1.15 6.45
4970E-550 UG17-044 114.45 116.10 1.65 6.92 Upper Twin
125.00 129.70 4.70 12.59
4970E-550 UG17-045 102.50 105.50 3.00 5.90 Upper Twin
108.50 111.00 2.50 6.25
112.50 114.80 2.30 5.21
119.55 121.00 1.45 4.54