Skeena Resources Reports 11.4 meters grading 16.73 G/t Gold

Gold Investing

Skeena Resources (TSXV:SKE) reported assay results from 13 holes at its ongoing drill program at the Spectrum gold project in British Columbia. Highlights included one intercept of 11.4 meters grading 16.73 grams per tonne of gold.

Skeena Resources (TSXV:SKE) reported assay results from 13 holes at its ongoing drill program at the Spectrum gold project in British Columbia. Highlights included one intercept of 11.4 meters grading 16.73 grams per tonne of gold.
As quoted in the press release:

Hole S15-043, drilled on Section 4700N at the south end of the deposit, intersected three high-grade intervals between 197 and 232 m. The most significant interval is 11.4 m grading 16.73 g/t Au, including 2.0 m grading 81.8 g/t Au. The other significant intervals included 4 m grading 24.24 g/t Au including 2 m grading 44.8 g/t Au,and 4 m grading 26.59 g/t Au, including 2 m grading 46.5 g/t Au. These high-grade intervals in especially noteworthy because they are located 45 m south of hole SP-14-009 which cut several high-grade sections, including 2 m grading 254.5 g/t. Mineralization is open to the south, at depth and up-dip of the intersections in hole S15-043. Several other holes have been drilled on 50 m centres in this area and assays are pending.
Deeper holes in the northern portions of the Central Zone, including S15-032, 033, 034 035, and 037, encountered only weak mineralization and it appears the zone may be pinching out to depth in this area. Strong gold in soil values to the north and east of the area of drilling indicate the mineralization could continue, but the mineralized trend may shift over to the Boundary and Road Zones.

Skeena chairman, Ron Netolitzky, said:

The high-grade sections in hole S15-043 from the southern portion of the Central Zone are arguably our best yet and represent a step out to the south from hole SP14-009. The deposit appears open for resource expansion to the south. In the middle of the Central Zone, we have encountered broad intervals of near-surface porphyry gold-copper mineralization with deeper higher grade intervals consistent with the historic drilling results.

Click here for the full press release.

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