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Final Skeena 2019 drill results return strong grades

Canadian explorer Skeena Resources has reported the final drill results from its 2019 campaign on the Eskay Creek mine, in British Columbia’s Golden Triangle, saying results demonstrate good mineralised continuity and "exceptional" silver grades.
Final Skeena 2019 drill results return strong grades Final Skeena 2019 drill results return strong grades Final Skeena 2019 drill results return strong grades Final Skeena 2019 drill results return strong grades Final Skeena 2019 drill results return strong grades

Skeena Resources' 2019 drill programme on the Eskay Creek project has returned 'exceptional' silver grades

Staff Reporter

The Vancouver-based company reported a highlight intercept of 22.59 grams per tonne silver-equivalent over 14.33m in the Hanging-Wall zone, with the same hole also intersecting 5.18g/t gold, 5,860g/t silver, or 83.31g/t Au-eq over 0.9m, among other good hits, including 176g/t gold and 1,530g/t silver (196.4g/t Au-eq over 09m).

The first pass drilling programme used four rigs and was mainly intended to infill and upgrade areas of inferred resources to the higher confidence indicated classification.

"The 2019 phase I infill programme at Eskay Creek continues to demonstrate the excellent continuity of the current resource model which is derived largely from historical drilling," said CEO Walter Coles Jr.

The company said the initial drilling within the HW zone had not only corroborated the current resource model but had located more mineralisation of equivalent tenor.

Four rigs continue the programme, with further exploratory drilling scheduled to start in the coming weeks.

Shares in the company (TSXV:SKE) had earlier this month reached a new 12-month high, more than quadrupling in value to C$1.20, but on Wednesday closed 3% lower at 99c, capitalising the company at about $123 million.