Company News - Thu 14 Jun, 2018

The Korelin Economics Report

Skeena Intersects 36.65 g/t Gold over 2.0 Metres at Snip

The news out of Skeena Resources today encompasses drill results from infill drilling at the known mineralized zone as well as the new drilling at the 200 Footwall Corridor. This 200 Footwall is true exploration and could be a major driver for the Company. The area is an unexplored area where Walt and his team are hoping to find another Twin Zone. Hole UG18-091 intersected “5.87 g/t Au over 8.6 m including 26.20 g/t Au over 1.5 m,9.07 g/t Au over 0.5 m and 9.22 g/t Au over 0.5 m”. Walt and I discussed the excitement his team has for this drilling in our past interview. Be sure to click the link below to listen.

Click here to listen to our recent interview looking ahead to the drilling of the 200 Footwall.

Click here to visit the Skeena Resources website for more information. 

Please send me any questions you have for Walt. I will be setting up a call with him next week to discuss. Fleck@kereport.com.

…Here’s the news…

New Mineralization Discovered in 200 Footwall Corridor

Vancouver, BC (June 14, 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 totalling 11,000 m is being performed from the existing underground infrastructure utilizing two drill rigs. Building upon the data gathered from the recently completed 2017 Phase I campaign, the 2018 program is designed to further delineate known mineralization with low drill density and to expand newly modelled zones via widely spaced exploratory step-out drill holes. Reference mine sections are presented at the end of this release as well as on the Company’s website.

Phase II Drilling Highlights:

7.27 g/t Au over 3.0 m (UG18-074)
28.25 g/t Au over 1.0 m (UG18-079)
10.95 g/t Au over 2.6 m (UG18-079)
36.65 g/t Au over 2.0 m (UG18-080)
95.00 g/t Au over 0.5 m (UG18-080)
7.87 g/t Au over 3.3 m (UG18-080)
17.60 g/t Au over 1.5 m (UG18-081)
26.20 g/t Au over 1.5 m (UG18-081)

New 200 Footwall Corridor Expands

In an historically unexplored portion of the easternmost footwall mine stratigraphy, Phase II drill hole UG18-081 successfully intersected the recently modelled 200 Footwall Corridor over a wide interval grading 5.87 g/t Au over 8.6 m including 26.20 g/t Au over 1.5 m,9.07 g/t Au over 0.5 m and 9.22 g/t Au over 0.5 m. Spatially, these new intersections correlate with the interpreted strike extension of the 200 Footwall Corridor and represent an up-plunge expansion 100 m east of historic 1997 underground drill hole UG-1701 (26.67 g/t Au over 4.4 m). Past drilling programs by previous operators focused on the historically mined Twin Zone and not the exploration potential of the footwall. As such, these new intersections are open for expansion due to the lack of drilling in this area.

Infill Drilling Continues to Demonstrate Grade Continuity

Delineation drilling of the Eastern Twin Zone and 412 Veining Corridors …read more

Source:: The Korelin Economics Report