Skeena Provides Update on Snip Gold Project

Skeena Resources (TSXV: SKE) (“Skeena” or the “Company”) is pleased to announce plans for the upcoming 2017 field season at the past-producing Snip gold mine (“Snip” or the “Project”), located in the Golden Triangle of northwest British Columbia. Over 280,000 metres of historical surface and underground drill assays have now been reviewed and modelled along with the results from Skeena’s 2016 program. A total of 15,000 metres of surface and underground drilling is planned, which should lead to an initial NI 43-101 Resource Estimate for release in late 2017.
As quoted in the press release:

Skeena has assembled a highly experienced team of geologists with past exploration and operational experience at Snip. The team has spent the last twelve months analyzing historical drill data from 3,550 holes and 8,435 metres of underground ramp and haulage development. After an extensive review of the historical data in combination with the results from last season’s drill program, Skeena’s technical team was able to model the high-grade gold veins that were left unmined at Snip as they were below the 24 g/t gold cut-off that existed when the mine shut-down in 1999. Underground and surface drill targets have now been identified with 9,000 metres of underground drilling and 6,000 metres of surface drilling planned for 2017.

Click here for the full text release