douginil
5 years ago
Skeena Intersects 4.11 g/t AuEq over 22.08 metres at Eskay Creek
Vancouver, BC (April 23, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce gold-silver drill results from the Company’s 2020 Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Four ground-based surface drill rigs were utilized for the 2020 Phase I program in the 21B and 21C Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Eskay Creek Drilling Highlights:
3.62 g/t Au, 41 g/t Ag (4.11 g/t AuEq) over 22.08 m (SK-20-259) - 21B Zone
2.61 g/t Au, 10 g/t Ag (2.74 g/t AuEq) over 36.19 m (SK-20-263) - 21B Zone
3.91 g/t Au, 21 g/t Ag (4.18 g/t AuEq) over 19.60 m (SK-20-264) - 21B Zone
4.61 g/t Au, 203 g/t Ag (7.32 g/t AuEq) over 8.43 m (SK-20-248) – 21C Zone
Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100%. Samples below detection limit are nulled to a value of zero.
2020 Drilling Demonstrates Continuity in 21B Zone
The 2020 Phase I infill program at Eskay Creek continues to demonstrate the excellent continuity of the current resource model which is derived largely from historical drilling. Phase I infill drilling within the 21B and 21C Zones, which are situated in the deeper portions and later phases of the planned open-pit mining sequence, have correlated extremely well with the historical drilling with respect to grades, widths and spatial distribution.
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-4-11-g-t-aueq-over-22-08-metres-at-eskay-creek
douginil
5 years ago
Skeena Sells Assets for C$8 Million
Vancouver, BC (February 4, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement to sell the Company’s 100% interest in the GJ Copper-Gold Property (the “GJ Property”) to Newcrest Red Chris Mining Limited (“Newcrest”) for $7.5 million of cash. In addition, Skeena sold its wholly owned subsidiary, Sona Resources Corp., including the Blackdome-Elizabeth property, to Tempus Resources Ltd. for $500,000 of cash.
Walter Coles, Skeena’s CEO commented, “Advancing the Eskay Creek project is Skeena’s primary focus. Therefore, we are divesting the GJ Property and the Blackdome-Elizabeth property as a way to raise funds for Eskay while incurring the least amount of equity dilution possible to our shareholders.”
Read more at:
https://www.skeenaresources.com/news/skeena-sells-assets-for-ccad8-million
douginil
5 years ago
Skeena Resources aggressively pushing Eskay Creek further along the development curve
A very interesting article 2 Feb 2020
The Rich History of BC's Greatest Gold Mine - Eskay Creek: 1932-Today
by Greg Nolan, HighballerStocks.com
Eskay Creek 2019 PEA Highlights:
High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted);
After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag;
After-tax payback period of 1.2 years;
Pre-production capital expenditures (CAPEX) of C$303M (US$233M);
After-tax NPV: CAPEX Ratio of 2.1:1;
Life of Mine (“LOM”) average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq);
LOM all-in sustaining costs (AISC) of C$983/oz (US$757/oz) AuEq recovered;
LOM cash costs of C$949/oz (US$731/oz) AuEq recovered;
6,850 tonne per day (TPD) mill and flotation plant producing saleable concentrate.
Read at (includes maps):
https://ceo.ca/@highballerstocks/the-rich-history-of-bcs-greatest-gold-mine-eskay-creek-1932-today
douginil
5 years ago
Skeena Intersects 14.73 g/t AuEq over 36.85 m at Eskay Creek
Vancouver, BC (January 14, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional gold-silver drill results from the 2019 Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Four surface drill rigs were utilized for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of inferred resources to the indicated classification. Drill hole results reported in this release are from the 21A, 21E and HW Zones. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Eskay Creek Drilling Highlights:
10.14 g/t Au, 345 g/t Ag (14.73 g/t AuEq) over 36.85 m 21A (SK-19-170)
2.90 g/t Au, 278 g/t Ag (6.60 g/t AuEq) over 57.90 m 21A (SK-19-153)
4.14 g/t Au, 151 g/t Ag (6.15 g/t AuEq) over 61.50 m 21A (SK-19-151)
7.01 g/t Au, 114 g/t Ag (8.53 g/t AuEq) over 37.89 m 21A (SK-19-160)
4.09 g/t Au, 52 g/t Ag (4.78 g/t AuEq) over 59.00 m 21A (SK-19-148)
6.34 g/t Au, 42 g/t Ag (6.91 g/t AuEq) over 34.00 m 21A (SK-19-167)
8.33 g/t Au, 51 g/t Ag (9.02 g/t AuEq) over 18.45 m 21A (SK-19-164)
21A Zone Continues to Demonstrate Increased Grades and Widths
2019 Phase I drilling within the 21A Zone continues to return both higher Au-Ag grades and thicknesses than expected. The newest infill hole SK-19-170 intersected 10.14 g/t Au, 345 g/t Ag (14.73 g/t AuEq) over 36.85 m (refer to attached section). This drill hole was originally designed to add confidence to the inferred resources; however, the intersection has established both higher grades and greater widths than the surrounding historical drill holes. For comparison, the nearest historical drill hole CA89-078 only intersected 7.16 g/t AuEq over 16.71 m.
It is also important to note that this high-grade mineralization occurs not only in the mudstone but also stratigraphically below the mudstone within intensely sheared, brecciated and hydrothermally altered rhyolites. This potentially indicates the uppermost expression of a previously unidentified synvolcanic feeder structure, which could lead to additional exploration targets.
“The ongoing 2019 Phase I drilling program has been and continues to be very successful in that the Company’s drill intercepts continue to predictably validate the geometries and grades defined by the historical drilling”, comments Paul Geddes, the Company’s Vice President of Exploration and Resource Development. “We are also quite encouraged by the improved mineralization widths and gold-silver grades as we infill and upgrade the inferred resources. The 2020 mandate to organically grow the current resource base at Eskay Creek will involve the allocation of approximately 30% of the current drill budget to exploratory step out drilling”.
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-14-73-g-t-aueq-over-36-85-m-at-eskay-creek
douginil
5 years ago
Skeena Intersects 16.64 g/t Au over 5.10 m in 200 Footwall at Snip
Vancouver, BC (January 9, 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the remaining analytical results from the 2019 Phase I surface exploration drilling program at the 100% owned Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. The 2019 exploration program consisted of 10 surface drill holes totaling 1,934 m which tested the 200 Footwall Corridor (“200 Footwall”). Reference images are presented at the end of this release as well as on the Company’s website.
2019 Phase I Snip Project Drilling Highlights:
16.64 g/t Au over 5.10 m (S19-035)
Including: 96.20 g/t Au over 0.50 m
And 39.80 g/t Au over 0.85 m
57.90 g/t Au over 0.65 m (S19-041)
57.00 g/t Au over 0.50 m (S19-041)
12.00 g/t Au over 1.35 m (S19-043)
Core lengths are reported due to a lack of supporting data to properly calculate true widths.
New Mineralization Intersected in 200 Footwall
Phase I surface drill hole S19-035 has successfully intersected a new zone of high-grade gold mineralization averaging 16.64 g/t Au over 5.10 m including two sub-intervals grading 96.20 g/t Au over 0.50 m and 39.80 g/t Au over 0.85 m in the 200 Footwall. This zone is located 100 m vertically below surface and 370 m east of the recently reported Phase I 200 Footwall discovery intercept which graded 1,131.91 g/t (36.39 oz/t) Au over 1.50 m (S19-044). The area surrounding the new zone is open down-dip and down-plunge.
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-16-64-g-t-au-over-5-10-m-in-200-footwall-at-snip
douginil
5 years ago
Skeena Intersects 1,131.91 g/t (36.39 oz/t) Gold Over 1.50 m in New Footwall Mineralization at Snip
December 18, 2019
Vancouver, BC (December 18, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce initial analytical results from the recently completed Phase I surface exploration drilling program at the 100% owned Snip gold project (“Snip”) located in the Golden Triangle of British Columbia. The 2019 surface program consisted of 10 surface drill holes totaling 1,934 m which expanded exploration of the 200 Footwall Corridor. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Snip Drilling Highlights
1,131.91 g/t Au over 1.50 m from 249.60 m depth (S19-044)
Including: 3,390.00 g/t Au over 0.50 m
7.37 g/t Au over 6.65 m from 41.00 m depth (S19-040)
Including: 23.40 g/t Au over 1.00 m
And: 35.70 g/t Au over 0.50 m
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-1-131-91-g-t-36-39-oz-t-gold-over-1-50-m-in-new-footwall-mineralization-at-snip
douginil
5 years ago
Skeena Delivers Robust Project Economics for Eskay Creek: After-Tax NPV5% of C$638M, 51% IRR and 1.2 Year Payback
Vancouver, BC (November 07, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the initial Preliminary Economic Assessment (“PEA”) completed by Ausenco Engineering Canada Inc. (“Ausenco”), supported by SRK Consulting (Canada), and AGP Mining Consultants, for the Eskay Creek gold-silver project (“Eskay Creek” or the “Project”) located in the Golden Triangle of British Columbia.
Eskay Creek 2019 PEA Highlights:
- High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted)
- After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag
- After-tax payback period of 1.2 years
- Pre-production capital expenditures (CAPEX) of C$303M (US$233M)
- After-tax NPV:CAPEX Ratio of 2.1:1
- Life of mine (“LOM”) average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq)
- LOM all-in sustaining costs (AISC) of C$983/oz (US$757/oz) AuEq recovered
- LOM cash costs of C$949/oz (US$731/oz) AuEq recovered
- 6,850 tonne per day (TPD) mill and flotation plant producing saleable concentrate
Skeena’s CEO, Walter Coles commented, “Eskay Creek was a remarkable discovery that became an extraordinary underground mine in 1994 and produced until 2008. This PEA demonstrates that Eskay Creek still has a bright future ahead, revitalized as an open-pit gold and silver mine, with the additional possibility for underground mining. The Project has the potential to produce an average of 306,000 gold-equivalent ounces per year with a diluted mill feed grade of 4.17 grams per tonne gold-equivalent. Also, as a brownfield site, Eskay Creek benefits from tremendous infrastructure installed by the previous operators. Finally, by creating a gold concentrate rather than doré, we are able to keep initial capital costs very low, at US$233 million, relative to the amount of precious metals produced; this also simplifies and reduces technical risks for the Project.”
Read more (lots of detail & data tables) at:
https://www.skeenaresources.com/news/skeena-delivers-robust-project-economics-for-eskay-creek-after-tax-npv5-of-ccad638m-51-irr-and-1-2-year-payback
douginil
5 years ago
Skeena Intersects 314.07 g/t AuEq over 2.21 m in Lower Mudstone at Eskay Creek
Vancouver, BC (October 22, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results from the 2019 Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Two surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and 22 Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drill hole results reported in this release are from the 21A Zone and include results from a Lower Mudstone horizon, below the current Eskay Creek resource. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Eskay Creek Drilling Highlights
312.81 g/t Au, 95 g/t Ag (314.07 g/t AuEq) over 2.21 m (SK-19-063)
Including: 1,380.00 g/t Au, 322 g/t Ag (1,384.29 g/t AuEq) over 0.50 m
3.34 g/t Au, 56 g/t Ag (4.09 g/t AuEq) over 37.50 m (SK-19-065)
4.02 g/t Au, 79 g/t Ag (5.07 g/t AuEq) over 30.50 m (SK-19-066)
Including: 68.40 g/t Au, 342 g/t Ag (72.96 g/t AuEq) over 1.00 m
Read More at:
https://www.skeenaresources.com/news/skeena-intersects-314-07-g-t-aueq-over-2-21-m-in-lower-mudstone-at-eskay-creek
douginil
5 years ago
Skeena Intersects 10.56 g/t AuEq over 27.50 m at Eskay Creek
Vancouver, BC (September 25, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results from the recently initiated Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Two surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and 22 Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drillhole results reported in this release are from the 21A Zone. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Eskay Creek 21A Zone Drilling Highlights
27.37 g/t Au, 18 g/t Ag (27.61 g/t AuEq) over 9.40 m (SK-19-053)
9.86 g/t Au, 157 g/t Ag (10.26 g/t AuEq) over 28.50 m (SK-19-060)
6.75 g/t Au, 285 g/t Ag (10.56 g/t AuEq) over 27.50 m (SK-19-061)
Gold Equivalent (AuEQ) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEQ composites. Processing recoveries have not been applied to the AuEQ calculation and are disclosed at 100%. Samples below detection limit were nulled to a value of zero
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-10-56-g-t-aueq-over-27-50-m-at-eskay-creek
douginil
5 years ago
Skeena Intersects 18.13 g/t AuEq over 22.65 metres in New High-Grade Vent at Eskay Creek
Vancouver, BC (September 9, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the first gold-silver drill results from the recently initiated Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The 2019 Phase I program is being performed with two surface drill rigs in the 21A, 21E and 22 Zones to infill and upgrade areas of inferred resources to the indicated category. Drillhole results reported in this release are from the 21A Zone. Reference images are presented at the end of this release as well as on the Company’s website.
Phase I Eskay Creek 21A Zone Drilling Highlights
SK-19-052: 16.52 G/T AU, 73 G/T AG, (17.49 G/T AUEQ) OVER 7.54 METRES
SK-19-055: 28.38 G/T AU, 1 G/T AG, (28.39 G/T AUEQ) OVER 5.83 METRES
SK-19-057: 17.38 G/T AU, 113 G/T AG, (18.88 G/T AUEQ) OVER 18.50 METRES
SK-19-058: 17.93 G/T AU, 15 G/T AG, (18.13 G/T AUEQ) OVER 22.65 METRES
Gold Equivalent (AuEQ) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEQ composites. Processing recoveries have not been applied to the AuEQ calculation and are disclosed at 100%. Samples below detection limit were nulled to a value of zero.
New High-Grade Vent Discovered in 21A Zone
Prior to the 2019 infill drilling program, the western lobe of the 21A Zone mineralization was interpreted to be exclusively hosted in the tabular contact mudstone which ranges from 1 to 10 metres true vertical thickness. However, recently completed 2019 drillholes SK-19-057 and SK-19-058 have now discovered a previously unidentified hydrothermal vent in this location having intersected significantly larger intervals grading 17.38 g/t Au, 113 g/t Ag, (18.88 g/t AuEq) over 18.50 metres and 17.93 g/t Au, 15 g/t Ag, (18.13 g/t AuEq) over 22.65 metres respectively.
The discovery of this new high-grade vent clearly demonstrates that additional resource tonnage can be realized through infill drilling. The widely spaced drilling of inferred resources throughout the Eskay Creek deposits are defined by drill spacings in excess of 25 metres and as such provide excellent potential to discover additional vents throughout the Eskay deposits as the 2019 infill program continues. The original drillhole spacing in the western lobe of the 21A Zone was in excess of 25 metres between holes and will be infill drilled to 15 metre spacings to achieve indicated resources.
Read More at:
https://www.skeenaresources.com/news/skeena-intersects-18-13-g-t-aueq-over-22-65-metres-in-new-high-grade-vent-at-eskay-creek
douginil
6 years ago
Skeena Initiates Metallurgical Optimizations and Preliminary Economic Assessment for Eskay Creek
Vancouver, BC (March 26, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce that metallurgical optimizations as well as a Preliminary Economic Assessment, for the Eskay Creek Project (“Eskay Creek”) have been initiated. The Company also welcomes Stacy Freudigmann, P.Eng., to the Skeena team as Project Manager for the aforementioned studies. Eskay Creek is endowed with excellent infrastructure including road access, proximity to recently commissioned 195MW run-of-river hydroelectric facilities, tailings storage capacity and historical underground development situated less than 100 metres from existing mineral resources.
Phase I Metallurgical Optimizations
Demonstrated metallurgy from the past producing Eskay Creek mine involved a 350 TPD flotation plant with average gold and silver recoveries of 80% and 92% respectively. Gravity separation of gold accounted for 10-30% of preliminary separation. Sulphide concentrates were subsequently transported via truck to either the Port of Stewart for further smelting in Japan or trucked to Kitwanga for loading onto rail cars and transported to a smelter in Quebec.
Notwithstanding the proven historical process associated with flotation, the Company will be investigating the amenability of the Eskay Creek blended mineralization to leaching.
The Phase I metallurgical testing is proceeding on schedule with results anticipated in Q2 2019.
Ausenco Engineering Canada Inc. (“Ausenco”) has been engaged to perform a Preliminary Economic Assessment (“PEA”) for Eskay Creek. The PEA will contemplate an open pit mining scenario with a small up-front contribution of underground resources. Dependent on the results of the metallurgical optimizations, subsequent trade-off analyses will contemplate either the leaching or flotation processes. The Eskay Creek PEA is scheduled for completion in Q3 2019.
Read more at:
https://www.skeenaresources.com/news/skeena-initiates-metallurgical-optimizations-and-preliminary-economic-assessment-for-eskay-creek
douginil
6 years ago
Skeena Announces Upgraded Pit Constrained Resource Estimate for Eskay Creek
Vancouver, BC (February 28, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (MRE), for the Eskay Creek Project (“Eskay Creek”), which has been reviewed and validated by SRK Consulting (Canada) Inc (“SRK”). The updated 2019 MRE has a larger component of pit constrained resources than the 2018 MRE which was principally reported as underground resources. Remaining mineralization below the optimized resource reporting pit shell with reasonable prospects of economic extraction by underground mining methods is reported accordingly. The effective date of this MRE is February 28, 2019 and a new technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure.
Updated 2019 Pit Constrained Resource Estimate
The pit constrained Indicated resource includes 2.46 million gold equivalent ounces within 12.7 million tonnes at an average gold equivalent grade of 6.0 g/t. The pit constrained Inferred resource includes 1.23 million gold equivalent ounces within 13.6 million tonnes at an average gold equivalent grade of 2.8 g/t.
Read more at:
https://www.skeenaresources.com/news/skeena-provides-corporate-update-and-2019-outlook
douginil
6 years ago
Skeena Provides Corporate Update and 2019 Outlook
Vancouver, BC (February 12, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to provide shareholders with an update on exploration and development activities for the Company’s projects located in the Golden Triangle of British Columbia, and an outlook for 2019.
2018 Advancements
In September 2018 (see news release dated September 17, 2018) the Company announced an initial resource estimate for the high-grade, past-producing Eskay Creek Project (“Eskay Creek”) supported solely by historical data. Phase I drilling performed by the Company in 2018 was not included in this estimate but will be included in a resource update expected in Q1 2019.
At Eskay Creek, pit constrained Indicated Resources include 207,000 AuEq ounces within 1.09 Mt grading 5.9 g/t AuEq, and additional Inferred Resources of 589,000 AuEq ounces contained within 4.26 Mt at an average grade of 4.3 g/t AuEq.
Underground Indicated Resources include 814,000 AuEq ounces contained within 2.51 Mt grading 10.1 g/t AuEq, and an additional underground Inferred Resources of 261,000 AuEq ounces contained within 0.81 Mt grading 10.0 g/t AuEq.
Read more at:
https://www.skeenaresources.com/news/skeena-provides-corporate-update-and-2019-outlook
douginil
6 years ago
Skeena Intersects 5.71 g/t AuEq over 92.15 m at Surface at Eskay Creek
Vancouver, BC (January 24, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce final Au-Ag drill results for six holes from the recently completed Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The multifaceted Phase I program was performed in the 21A, 21C and 22 Zones. Assays reported in this release are from the 22 Zone. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek 22 Zone Phase I Drilling – Current Highlights
4.07 g/t Au, 122.30 g/t Ag, (5.71 g/t AuEq) over 92.15 m (SK-18-049)
Including: 20.10 g/t Au, 321.62 g/t Ag, (24.39 g/t AuEq) over 14.00 m
2.61 g/t Au, 137.89 g/t Ag, (4.44 g/t AuEq) over 73.10 m (SK-18-050)
Including: 11.56 g/t Au, 63.01 g/t Ag, (12.40 g/t AuEq) over 7.60 m
1.65 g/t Au, 10.27 g/t Ag, (1.79 g/t AuEq) over 74.00 m (SK-18-051)
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-5-71-g-t-aueq-over-92-15-metres-at-surface-at-eskay-creek
douginil
6 years ago
Skeena Intersects 30.99 g/t AuEq over 14.72 metres at Eskay Creek
Vancouver, BC (January 15, 2019) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results for eight holes from the recently completed Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The multifaceted Phase I program focused on the 21A, 21C and 22 Zones. Assays reported in this release are from the 21A Zone; assays from the remaining 22 Zone will be released once finalized. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek 21A Zone Phase I Drilling – Current Highlights
4.93 g/t Au, 134.59 g/t Ag, (6.73 g/t AuEq) over 33.57 m (SK-18-033)
7.11 g/t Au, 54.21 g/t Ag, (7.83 g/t AuEq) over 28.88 m (SK-18-034)
22.36 g/t Au, 646.92 g/t Ag, (30.99 g/t AuEq) over 14.72 m (SK-18-036)
6.68 g/t Au, 14.56 g/t Ag, (6.88 g/t AuEq) over 5.50 m (SK-18-037)
12.73 g/t Au, 1.71 g/t Ag, (12.76 g/t AuEq) over 4.50 m (SK-18-040)
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-30-99-g-t-aueq-over-14-72-metres-at-eskay-creek
douginil
6 years ago
Skeena Intersects 23.22 g/t AuEq (7.36 g/t Au, 1,189 g/t Ag) over 14.55 metres at Eskay Creek
Vancouver, BC (December 5, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results for eight holes from the recently completed Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The multifaceted Phase I program was performed in the 21A, 21C and 22 Zones. Assays reported in this release are from the 21C Zone; assays from the remaining 21A and 22 Zones will be released when available. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek 21C Zone Phase I Drilling – Current Highlights
3.00 g/t Au, 233 g/t Ag (6.10 g/t AuEq) over 10.84 m (SK-18-026)
4.02 g/t Au, 83 g/t Ag (5.12 g/t AuEq) over 11.25 m (SK-18-027)
9.86 g/t Au, 92 g/t Ag (11.10 g/t AuEq) over 14.34 m (SK-18-029)
7.36 g/t Au, 1,189 g/t Ag (23.22 g/t AuEq) over 14.55 m (SK-18-031)
6.39 g/t Au, 157 g/t Ag (8.48 g/t AuEq) over 27.50 m (SK-18-031)
4.23 g/t Au, 314 g/t Ag (8.42 g/t AuEq) over 14.50 m (SK-18-032)
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-23.22-gpert-aueq-over-14.55-metres-at-eskay-creek
douginil
6 years ago
Skeena Intersects 14.57 g/t AuEq over 31.50 metres at Eskay Creek
Vancouver, BC (November 21, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag drill results for seven holes from the recently completed Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. The multifaceted Phase I program was performed in the historically drill defined 21A, 21C and 22 Zones to infill and upgrade areas of inferred resources as well to collect fresh material for an upcoming metallurgical study. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek Phase I Drilling Highlights
- 5.28 g/t Au, 62 g/t Ag (6.11 g/t AuEq[1]) over 42.00 m (SK-18-020)
Including: 10.71 g/t Au, 135 g/t Ag (12.51 g/t AuEq) over 17.19 m
- 10.31 g/t Au, 73 g/t Ag (11.29 g/t AuEq) over 20.18 m (SK-18-021)
- 13.40 g/t Au, 1 g/t Ag (13.42 g/t AuEq) over 10.50 m (SK-18-022)
- 10.16 g/t Au, 331 g/t Ag (14.57 g/t AuEq) over 31.50 m (SK-18-023)
Including: 14.24 g/t Au, 963 g/t Ag (27.08 g/t AuEq) over 8.41 m
- 8.82 g/t Au, 97 g/t Ag (10.11 g/t AuEq) over 11.50 m (SK-18-024)
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-14.57-aueq-over-31.50-metres-at-eskay-creek
douginil
6 years ago
Skeena Intersects 23.45 g/t AuEq Over 28.50 Metres at Eskay Creek
Vancouver, BC (October 1, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional Au-Ag assay results for five holes from the ongoing Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Base metal results are pending and will be disclosed once available. The multifaceted Phase I program is being performed in the historically drill defined 21A, 21C and 22 Zones. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek Phase I Drilling Highlights
14.02 g/t Au, 707 g/t Ag, 23.45 g/t AuEq over 28.50 m (SK-18-004)
Including: 33.19 g/t Au, 1,903 g/t Ag, 58.56 g/t AuEq over 10.50 m
22.13 g/t Au, 193 g/t Ag, 24.69 g/t AuEq over 11.90 m (SK-18-005)
Including: 31.33 g/t Au, 278 g/t Ag, 35.03 g/t AuEq over 8.25 m
28.97 g/t Au, 15 g/t Ag, 29.17 g/t AuEq over 12.95 m (SK-18-006)
Read more at:
https://skeenaresources.com/news/skeena-intersects-23.45-aueq-over-28.50-metres-at-eskay-creek
douginil
6 years ago
This is a very encouraging investment.
Skeena Options Snip and Receives Investment from Hochschild
Vancouver, BC (September 19, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena†or the “Company†) will issue 7,519,331 flow-through common shares of the Company at a price of C$0.90 per share, which will generate aggregate net proceeds to Skeena of C$6,767,398 (the “Offering†). The Offering price represents a premium of 80% over Skeena’s closing share price on September 19, 2018. Hochschild Mining Holdings Limited (a wholly owned subsidiary of Hochschild Mining plc) (“Hochschild†) will acquire the shares and, after closing will own 8.3% of Skeena’s total issued and outstanding shares. In addition, Hochschild will have the right to participate in future offerings to maintain its percentage interest in Skeena.
In connection with the Offering, Skeena shall grant Hochschild an option (the “Hochschild Option†) to earn a 60% undivided interest in the Company’s Snip Gold Project (“Snip†or the “Project†) located in the Golden Triangle of British Columbia by spending twice the amount Skeena has spent since it originally optioned Snip from Barrick.
Skeena’s CEO, Walter Coles Jr. commented, “We are extremely pleased to have Hochschild as a partner. We consider them one of the best underground mining companies in the world and their interest in Snip should serve as validation of the potential for the Project.â€
The Company and Hochschild have entered into a heads of agreement (the “HOA†), which sets out the terms of the Hochschild Option. Under the HOA, Hochschild shall have three years from the closing to provide notice to Skeena that it wishes to exercise its option (the “Option Notice†). Once exercised, Hochschild shall have three years (the “Option Period†) to:
incur expenditures on Snip that are no less than twice the amount of such expenditures incurred by Skeena from March 23, 2016 up until the time of exercise of the Option by Hochschild. (As of June 30 2018, Skeena had incurred C$16.9 million of expenditures at Snip);
incur no less than C$7.5 million in exploration or development expenditures on Snip in each 12-month period of the Option Period; and
provide 60% of the financial assurance required by governmental authorities for the Snip mining properties.
After completing a minimum spend of C$22,500,000, Hochschild may extend the Option Period by a further period of 12 months by making a cash payment to Skeena of C$1.0 million.
The closing of the Offering and the Hochschild Option agreement is anticipated to occur on or around September 27, 2018 (the “Closing Date†) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. All shares issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date. Hochschild will be able to nominate one representative to Skeena’s board of directors so long as it holds at least 5% of the total issued and outstanding common shares of Skeena.
About Snip
Skeena holds a 100% interest in the past-producing Snip mine. The Snip mine produced approximately one million ounces of gold from 1991 until 1999 at an average gold grade of 27.5 g/t. Skeena is currently drilling from underground at Snip in preparation for a maiden resource estimate to be released in 2019.
About Hochschild
Hochschild is a leading underground precious metals producer focusing on high-grade silver and gold deposits. Listed on the London Stock Exchange and headquartered in Lima, Peru, Hochschild has over 50 years’ operating experience in the Americas. Currently Hochschild operates four underground mines, three located in southern Peru and one in southern Argentina. All of Hochschild’s underground operations are epithermal vein mines and the principal mining method used is cut and fill. In 2017, Hochschild produced 19.1 million attributable ounces of silver and 255 thousand ounces of gold.
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 mine and the recently optioned Eskay Creek mine. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
douginil
6 years ago
Skeena Announces Maiden Resource Estimate for Eskay Creek
Vancouver, BC (September 17, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce a Mineral Resource Estimate (MRE), for the Eskay Creek Project, which has been reviewed and validated by SRK Consulting (Canada) Inc. This MRE was derived from 7,583 historical surface and underground diamond drill holes totalling 651,332 metres. Drilling data from the Company’s recently initiated and ongoing Phase I metallurgical and infill drilling program is not included in this MRE. The effective date of this MRE is September 18, 2018 and a technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure. For additional Eskay Creek maps & figures please view the Company’s website.
Pit
The pit constrained Indicated resource includes 207,000 gold equivalent ounces within 1.09 million tonnes at an average gold equivalent grade of 5.9 g/t. The pit constrained Inferred resource includes 589,000 ounces within 4.26 million tonnes at an average gold equivalent grade of 4.3 g/t.
Underground Resources
The underground Indicated resource estimate includes 814,000 gold equivalent ounces within 2.51 million tonnes at an average gold equivalent grade of 10.1 g/t. The underground Inferred resource estimate includes 261,000 ounces within 0.81 million tonnes at an average gold equivalent grade of 10.0 g/t.
Walter Coles, Skeena’s President and CEO commented, “This initial resource estimate validates our thesis that there are substantial amounts of potentially economic mineralization left at Eskay Creek below the cut-off grades used by historical operators of the mine. As this resource estimate has been optimized for gold and silver, future resource estimates will also include base metal credits. In addition, we believe the property has exciting exploration upside for both precious and base metals at depth.”
Read more and view tables at:
https://www.skeenaresources.com/news/skeena-announces-maiden-resource-estimate-for-eskay-creek
douginil
6 years ago
Skeena Intersects 43.39 g/t AuEq Over 27.70 Metres at Eskay Creek
Vancouver, BC (September 11, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce the first Au-Ag drill results from the recently initiated and ongoing Phase I surface drilling program at the Eskay Creek Project (“Eskay Creek”) located in the Golden Triangle of British Columbia. Base metal results are pending and will be disclosed once available. The multifaceted Phase I program is being performed in the historically drill defined 21A, 21C and 22 Zones. A reference cross section is presented at the end of this release and on the Company’s website.
Eskay Creek Phase I Drilling Highlights
15.97 g/t Au, 149.16 g/t Ag, 18.10 g/t AuEq over 34.00 m (SK-18-001)
Including: 35.39 g/t Au, 47.28 g/t Ag, 36.06 g/t AuEq over 13.70
20.31 g/t Au, 137.34 g/t Ag, 22.27 g/t AuEq over 34.85 m (SK-18-002)
Including: 44.52 g/t Au, 169.53 g/t Ag, 46.94 g/t AuEq over 14.90 m
29.49 g/t Au, 973.01 g/t Ag, 43.39 g/t AuEq over 27.70 m (SK-18-003)
Including: 58.95 g/t Au, 2,150.52 g/t Ag, 89.67 g/t AuEq over 12.15 m
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-43.39-gpert-aueq-over-27.70-metres-at-eskay-creek
douginil
6 years ago
Skeena Intersects 13.80 g/t Gold Over 18.00 Metres at Snip
August 16, 2018
Vancouver, BC (August 16, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce final assay results from the 9,583 m Phase II surface and underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the Golden Triangle of British Columbia.
Building upon the data gathered from the Phase I campaign, the Phase II program was designed to expand newly modelled zones via widely spaced exploratory drill step-outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. A reference mine section is presented at the end of this release, and on the Company’s website.
Phase II Drilling Highlights:
13.80 g/t Au over 18.00 m (UG18-110)
34.73 g/t Au over 3.50 m (UG18-109)
11.75 g/t Au over 5.40 m (UG18-107)
31.20 g/t Au over 0.75 m (UG18-107)
Eastern Twin Zone Demonstrates High-Grade, Continuity and Widths
Read More At:
https://www.skeenaresources.com/news/skeena-intersects-13.80-gold-over-18.00-metres-at-snip
douginil
6 years ago
August 9, 2018
Skeena Intersects 10.52 g/t Gold Over 4.10 Metres at Snip
Vancouver, BC (August 9, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional assay results for six drill holes from 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 is now complete. A total of 9,583 metres was drilled over 48 underground drill holes and two surface drill holes. Building upon the data gathered from the Phase I campaign, the Phase II program was designed to expand newly modelled zones via widely spaced exploratory drill step-outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. A reference mine section is presented at the end of this release, and on the Company’s website.
Phase II Drilling Highlights:
11.03 g/t Au over 3.00 m (UG18-101)
185.00 g/t Au over 0.60 m (UG18-101)
23.84 g/t Au over 1.50 m (UG18-103)
17.93 g/t Au over 2.00 m (UG18-103)
8.68 g/t Au over 3.90 m (UG18-103)
10.52 g/t Au over 4.10 m (UG18-104)
Read More at:
https://www.skeenaresources.com/news/skeena-intersects-10-52-g-t-gold-over-4-10-metres-at-snip
douginil
6 years ago
Skeena Intersects 16.02 g/t Gold Over 12.25 Metres at Snip
Vancouver, BC (July 11, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional assay results from 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 totaling 11,000 metres is being performed from surface and underground utilizing two drill rigs. Building upon the data gathered from the Phase I campaign, the Phase II program is designed to expand newly modelled zones via widely spaced exploratory drill step outs, further delineate known mineralization in areas of low drilling density and validate the historical data in preparation for a maiden resource estimate at Snip. Reference mine sections are presented at the end of this release, and on the Company’s website.
Phase II Drilling Highlights:
16.02 g/t Au over 12.25 m (UG18-097)
11.81 g/t Au over 12.20 m (UG18-096)
18.90 g/t Au over 2.29 m (UG18-095)
5.26 g/t Au over 10.60 m (UG18-094)
5.23 g/t Au over 13.70 m (UG18-095)
Read more at:
https://www.skeenaresources.com/news/skeena-intersects-16-02-g-t-gold-over-12-25-metres-at-snip
douginil
6 years ago
Skeena Intersects 36.65 g/t Gold over 2.0 Metres at Snip 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 11,000m 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 modeled 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)
Read more at:
https://www.skeenaresources.com/assets/docs/news/2018.06.14_Skeena%20Intersects%2036.65%20gt%20Gold%20over%202.00%20Metres%20at%20Snip_FINAL.pdf
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nowwhat2
5 years ago
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