Skeena Resources (TSX: SKE) this morning reported further results from its ongoing drill program at the Eskay Creek Project located in the Golden Triangle. Results released this morning come from phase one of the program, while drilling currently continues on the second phase of the program. Highlights released include assays of 2.17 g/t gold and 234 g/t silver over 56.34 metres.
The current program being undertaken by Skeena is focused on resource category conversions as the company works towards a pre-feasibility study on its open-pit constrained resources. Eleven drill rigs are currently on site conducting the drill program, with the project currently scheduled to be complete in December. One rig is also present on the Snip project, working on a 5,000 metre resource expansion program.
Much of the results released this morning are focused on the 22 Zone, which was largely the focus of the 2019 resource estimate put together by the company. The company noted that recently intersected silver intervals are much higher than what was indicated within the resource estimate conducted last year. Highlights released by the company, which found within infill drilling, include the following.
- 2.17 g/t Au, 234 g/t Ag (5.29 g/t AuEq) over 56.34 m (SK-20-379)
- 2.10 g/t Au, 183 g/t Ag (4.55 g/t AuEq) over 52.03 m (SK-20-383)
- 1.71 g/t Au, 127 g/t Ag (3.41 g/t AuEq) over 55.34 m (SK-20-382)
- 2.98 g/t Au, 73 g/t Ag (3.95 g/t AuEq) over 25.18 m (SK-20-378)
- 2.04 g/t Au, 93 g/t Ag (3.28 g/t AuEq) over 46.56 m (SK-20-375)
The company also released data on the infill campaign being conducted at zone 21C, where it has indicated that the phase one drill campaign was recently completed. The data is said to confirm the grade and spatial predictability of what was indicated within the 2019 mineral resource estimate.
- 9.51 g/t Au, 644 g/t Ag (18.10 g/t AuEq) over 10.24 m (SK-20-334)
- 2.68 g/t Au, 595 g/t Ag (10.61 g/t AuEq) over 11.50 m (SK-20-357)
- 21.24 g/t Au, 726 g/t Ag (30.92 g/t AuEq) over 7.43 m (SK-20-366)
Finally, the company has indicated that a total of 81 drill holes are currently waiting on assays to be completed.
Skeena Resources last traded at $2.45 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.
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