Resource News

Skeena Resources (TSXV:SKE) has reported results for nine holes from its drill program at its Spectrum Gold project in British Columbia. Exploration drilling is now complete for the season, with results for a further 18 holes forthcoming over the next four to six weeks.

Skeena  Resources (TSXV:SKE) has reported results for nine holes from its drill program at its Spectrum Gold project in British Columbia. Exploration drilling is now complete for the season, with results for a further 18 holes forthcoming over the next four to six weeks.
As quoted in the press release:

Hole S15-049, drilled on Section 4810N towards the south end of the Central Zone, intersected four intervals with greater than 5 g/t Au between 197 and 232 m, with the best being 14.0 m grading 7.82 g/t Au, including 2.0 m grading 35 g/t Au. Hole S15-048, drilled above S15-049 on the same section, was abandoned due to drilling problems at 149.8 m short of its target and returned no significant values. Assays are pending for three additional holes drilled under hole S15-049.
Hole S15-046, drilled on Section 4930N at depth in the middle part of the Central Zone, intersected a high-grade interval of 4.0 m grading 16.97 g/t Au, including 2.0 m grading 29.8 g/t Au.
Hole S15-044, also drilled on Section 4930N in the west-central portion of the deposit, encountered two broad intervals of porphyry Au-Cu mineralization with 172.0 m grading 0.60 g/t Au and 0.14% Cu beginning at a down hole depth of 6.0 m, and a deeper interval of 47.73 m grading 0.49 g/t Au and 0.13% Cu. This hole was drilled above and to the west of hole S15-036 which cut lower grade porphyry mineralization with an interval of 147.5 m grading 0.42 g/t Au and 0.08% Cu (see news release of October 8). The results from hole S15-044 suggest that the tenor of porphyry mineralization in this area is improving to the west. This mineralization is thought to form a north trending, moderately to steeply west-dipping panel associated with the main monzonite body, and partially overlapping with high-grade gold zones which have been the primary focus of the 2015 drilling. Based on 2015 and historic drilling, the porphyry-style Au-Cu mineralization has dimensions of approximately 600 m in a north-south direction, 100 to 150 m in width and 200 to 250 m in depth.

Skeena Resources president and CEO, Walter Coles, said:

Drilling in the southern part of the Central Zone continues to reveal areas of high-grade gold intersections with meaningful widths. In addition, hole S15-044, drilled through the western part of the Central Zone, has increased the volume of newly recognized, near-surface, low-grade porphyry Au-Cu mineralization. This porphyry-style mineralization partially overlaps with the high-grade structures and is certainly open to the west, at depth, and perhaps on strike too.

Click here for the full press release.

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1774.96+1.14
Silver19.90+0.01
Copper3.55+0.07
Palladium2124.59+12.40
Platinum936.51+2.50
Oil88.53-0.01
Heating Oil3.20-0.13
Natural Gas8.01-0.12

DOWNLOAD FREE REPORTS

×