Skeena Resources Announces 2016 Exploration Plans for Spectrum
Skeena Resources (TSXV:SKE) has outlined its plans for a 2016 exploration program at its Spectrum gold-copper project in BC’s Golden Triangle. As quoted in the press release: A 10,000 metre drilling and exploration program has been proposed with work focused on: 6,000 m of resource expansion drilling of porphyry Au-Cu mineralization which is open to …
Skeena Resources (TSXV:SKE) has outlined its plans for a 2016 exploration program at its Spectrum gold-copper project in BC’s Golden Triangle.
As quoted in the press release:
A 10,000 metre drilling and exploration program has been proposed with work focused on:
- 6,000 m of resource expansion drilling of porphyry Au-Cu mineralization which is open to the west, south, and north sides of the Central Zone (see news release dated April 25, 2016 for maiden independent resource estimate).
- 4,000 m of exploration drilling on high-priority peripheral exploration targets, aimed at building additional high-grade and/or bulk-tonnage resources.
- Initial examination of strong new soil anomalies indicative of vein Au and porphyry Cu-Mo mineralization.
- Environmental, metallurgical and engineering studies for future development options.
- Community engagement with the Tahltan Nation.
Walter Coles, Skeena president and CEO, said:
Projects with a substantial number of delineated ounces will provide the greatest valuation leverage to a rising gold price. We believe there is tremendous potential to increase the maiden resource we announced at Spectrum on April 25th, 2016. We now have a better understanding of the geological controls and therefore believe that we should be able to add ounces much more efficiently this season compared to 2015.