Source: Skeena Resources Limited
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  • Skeena Resources Limited (SKE) has drilled new expansion zones at its Eskay Creek Gold-Silver Project
  • Nine drill holes were highlighted with gold-silver mineralization until Skeena struck a bonanza gold grade with high amounts of silver also
  • Two drill holes extended the mineralization host structure and additional drilling has been planned
  • Skeena will also provide a mineral resource update to add these new discoveries
  • Skeena Resources Limited (SKE) is down 0.97 per cent trading at $6.10 per share as of 2:44 p.m. ET

Skeena Resources Limited (SKE) has drilled new expansion zones at its Eskay Creek Gold-Silver Project in British Columbia.

The company highlighted nine intercepts from its program, which showed consistent amounts of gold and silver mineralization until it stuck a bonanza grade of 47.50 grams of gold per tonne and 73.40 grams of silver per tonne over 12.12 metres.

Eskay Creek – Vertical Section 9880N (Source: Skeena Resources Limited)

The company reported that 2022 drill hole SK-22-1093 predictably lengthened the rhyolite-hosted 21A West Zone (21AW) with the new bonanza-grade interval.

Within the intended open-pit, the area north of SK-21-997 at a vertical depth of only 50 metres below surface was previously modelled as barren waste rock. Instead, the limited drilling to date in 21AW indicated that precious metal grades typically increase vertically up stratigraphy, which Skeena believes has mining potential.

“These exploration drill results demonstrate the potential for adding new, open-pit mineralization in the near-term… A mineral resource update will be completed following the 2022 drill program with the aim of upgrading at least a portion of the mineralization discovered in the 23 and 21A West Zones to the Indicated category for use in an updated mine plan.” Skeena’s President, Randy Reichert, said.

Further south, approximately 250 metres along the strike of the new in-pit discoveries, drill hole SK-22-1028 intersected gold-silver mineralization in the same rhyolite-hosted synvolcanic structure that hosts the 21AW mineralization.

This discovery is beyond the limits of the currently defined Eskay Creek resource and additional drilling has been planned to follow-up a further expansion.

Additional results are still pending, and Skeena stated the true widths and zone geometries cannot be definitively determined at this time.

Skeena Resources Limited (SKE) is down 0.97 per cent trading at $6.10 per share as of 2:44 p.m. ET.


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