Skeena Resources (TSX: SKE) this morning had a positive development in that it has discovered high grade gold and silver mineralization at a depth of 600 meters below surface that was previously unidentified. The zone, referred to as Eskay Deeps, resides in a previously unexplored area of the property.
The results provided this morning by the company come from widely spaced deep exploration drill holes, within the Even Lower Mudstone (ELM) and Water Tower Zone (WTZ). Highlights from the Eskay Deeps drill results include 5.72 g/t gold and 12 g/t silver over 17.00 meters, along with 15.38 g/t gold and 11 g/t silver over 3.18 meters.
The mineralization was found at a depth of 260 meters beyond the WTZ zone, and remains open in all directions, with the intersected “apparent thickness” of the zone being 125 metres. True widths of the mineralization are not yet known as a result of the sparse drilling and exploration that has occurred on the mineralization as of yet.
Results from the Water Tower Zone meanwhile include 12.67 g/t gold and 22 g/t silver over 14.50 meters and 5.75 g/t gold and 14 g/t silver over 11.00 meters.
The company currently has six helicopter support drill rigs on site as it looks to focus on resource conversion of its Eskay Creek project.
Skeena Resources last traded at $3.11 on the TSX.
Information for this briefing was found via Sedar and Skeena Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.