Skeena Announces Maiden Resource Estimate for Spectrum Gold-Copper Deposit
Press Release
April 25, 2016
Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce an initial, independent National Instrument 43-101 Mineral Resource estimate for its 100 percent-owned Spectrum gold-copper project in the Golden Triangle of northwestern BC. 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.
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