Skeena Resources Releases Maiden Resource Estimate for Spectrum

Skeena Resources (TSXV:SKE) has announced its initial resource estimate for the Spectrum gold-copper deposit in BC’s Golden Triangle.
As quoted in the press release:

In addition, the Company is pleased to report on the commencement of additional metallurgical test work and exploration plans for the upcoming 2016 field season at Spectrum.
Within a conceptual open pit and at a 0.50 g/t gold equivalent (“AuEq”) NSR cut-off (Tables 1 and 2 below), the Central Zone of the Spectrum deposit hosts an Indicated Mineral Resource of 8.95 million tonnes grading 1.04 g/t Au, 6.58 g/t Ag and 0.11% Cu and containing 290,000 ounces of gold, 1.82 million ounces of silver and 20.835 million pounds of copper. At the same cut-off, the deposit hosts an additional 22.63 million tonnes in the Inferred category, with average grades of 1.03 g/t Au, 3.85 g/t Ag and 0.11% Cu and containing 750,000 ounces gold, 2.8 million ounces silver and 54.889 million pounds copper. Drilling to date shows that the Central Zone extends from surface to 400 m below surface and that it has lateral dimensions of approximately 1100 m (north-south) and 380 m (east-west). It remains open to the west, south, north and to depth. Mineralization comprises high-grade gold-bearing quartz-carbonate-sulphide veinlet stockworks cutting a broad zone of porphyry gold-copper mineralization.

Skeena Chairman, Ron Netolitzky, said:

The Spectrum resource should be considered preliminary as it is still open to expansion to the west, north and south where porphyry gold-copper mineralization was recognized late in the 2015 field season. In addition, copper and silver assays are lacking for many historic holes. We consider it somewhat premature to be issuing a resource estimate when the deposit has not been fully drilled off. The focus for this season’s work program will be to further expand the gold-copper resource with wide-spaced drilling, and to begin to define resources on other high-priority gold and gold-copper targets at Spectrum that have had little or no drilling to date.

Click here for the full press release.