Skeena Reports Copper & PGM Assays From Tropico Drilling, Mexico
31 May 2011 - 12:15AM
Marketwired
Skeena Resources Limited (TSX VENTURE: SKE) is pleased to announce
assay results of the first 8 holes from its current 5,000 metre
diamond drill program on its 100% owned Tropico Project, Sinaloa
State, Mexico. Encouraging results have been obtained from 11 of
the 12 holes completed to date (totaling 2,800 m), out of a
proposed 22 hole first phase program, on this layered
mafic/ultramafic complex. Within the central portion of the
Maricela - San Pablo Zone (refer to news release dated May 10,
2011), up to four parallel 16 metre to greater than 60 metre thick
horizons of mineralized pyroxenite, interspersed with barren
gabbro, have been drill intersected, each yielding 0.2 to 0.5 %
copper, from 0.2 g/t to 0.6 g/t PGM (platinum + palladium + gold)
and an average silver content of 2 g/t. The 2 pyroxenite bands on
the north side appear to have good continuity over a strike length
of at least 2.5 km; the 2 horizons on the south side are less well
investigated at this stage but are interpreted to have continuity
over a strike length of at least 1.5 km.
Assay results are set out in the Table below, and the reader is
referred to a drill plan map on the Company's website at
http://www.skeenaresources.com/s/MapsandGalleries.asp?ReportID=295185.
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PGM
Drill Hole From To Interval (Pt+Pd+Au)
No. (m) (m) (m) % Cu ppb Ag (g/t)
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SK 11-001 12.0 20.0 8.0 0.185 216 1.2
--------------------------------------------------------------------------
74.0 104.0 30.0 0.504 573 3.2
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128.0 182.1 54.1 0.465 570 2.6
--------------------------------------------------------------------------
218.0 227.0 9.0 0.226 398 1.8
--------------------------------------------------------------------------
243.0 251.0 8.0 0.327 283 1.8
--------------------------------------------------------------------------
SK 11-002 108.7 129.1 20.4 0.405 539 2.3
--------------------------------------------------------------------------
148.6 212.9 64.3(i) 0.360 503 1.9
--------------------------------------------------------------------------
SK 11-003 106.8 123.1 16.3 0.419 549 2.8
--------------------------------------------------------------------------
SK 11-004 92.9 121.3 28.4 0.235 402 1.4
--------------------------------------------------------------------------
SK 11-005 91.7 109.8 18.1 0.308 305 2.3
--------------------------------------------------------------------------
SK 11-006 21.0 47.0 26.0 0.202 217 1.6
--------------------------------------------------------------------------
SK 11-007 61.0 71.0 10.0 0.233 301 1.3
--------------------------------------------------------------------------
SK 11-008 87.0 95.0 8.0 0.387 616 2.3
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114.6 173.4 58.8(ii) 0.414 675 2.4
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(i) Mineralization remains open at depth as the hole was stopped short
(ii) Mineralization remains open at depth as additional assays are pending
The layered complex hosting both northern and southern horizons
appears to dip vertically to steeply north. However, there is
insufficient information to determine true thicknesses of the
mineralized intercepts, which in all likelihood will be slightly
less than the apparent lengths here reported. All of the holes to
date have been drilled at -45 degrees.
Additional drilling will test for the lateral continuity of
several historic 'gaps' along the Maricela - San Pablo Zone. Also,
several short shallow holes will be drilled to complete cross
sections of the complex with a specific goal of testing the basal
contact of the lower pyroxenite, such as beneath cross-section
SK11-001 and SK11-002 and beneath cross-section SK11-007 and
SK11-008.
Further drill results will be reported in batches of holes.
Quality Control
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed by Rupert Allan, P.Geol.,
president and CEO of Skeena Resources Limited, the designated
Qualified Person for this project. On site drilling supervision is
provided by two independent geologists, Dr. Daniel Rubiolo of
GeoServa Exploration Ltd. and Ing. Felipe Ortega Garcia of
Servicios Geologicos y Mineros de-Aztlan SA de CV. A rigorous
chain-of-custody and QA/QC program, consisting of the insertion of
certified standard control samples, duplicates and blanks was
applied to the N thin-walled diameter, sawn half-core samples.
Sample preparation was handled by an Acme Analytical Laboratories
facility in Guadalajara, Mexico and the analyses by Acme Analytical
in Vancouver, British Columbia. Gold and the PGM elements are
analyzed by fire assay with an ICP-ES finish, and 31 additional
elements by ICP-AES analyses. Drill intercepts are reported as down
hole lengths over widths in metres, as true widths of the various
zones have not yet been reliably ascertained.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
J. R. Allan, P.Geol., President
Neither TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Skeena Resources Limited Tony Perri Investor
Relations, Manager 604-684-8725 tperri@skeenaresources.com
www.skeenaresources.com Wani Capital Raju Wani 403-240-0555
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