Skeena commences underground drilling at Snip

by Keith Powell
Picture of helicopter at a forested landing area.

Underground drilling has started at the Skeena Resources-owned Snip gold project, located in northwest British Columbia. — Photo courtesy Skeena Resources

VANCOUVER, British Columbia, Oct. 13, 2017 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX-V:SKE) (“Skeena” or the “Company”) is pleased to announce the commencement of underground drilling at the 100% owned Snip gold project (“Snip”) located in the Golden Triangle of northwest British Columbia. The current drill program began on October 12, 2017 and will consist of 9,000 metres over approximately 73 holes.

Skeena’s CEO, Walter Coles Jr. commented, “I’m glad to report that underground services and survey controls have been established at Snip and we’ve started drilling. The onsite team has worked extremely hard to reach this point. We now have the ability to continue drilling through the winter, which is usually not possible for exploration projects in the Golden Triangle. We look forward to releasing a maiden resource estimate for Snip in 2018.”

Skeena retained DMAC Drilling Ltd., specialists in underground drilling, to complete the diamond drill program. The first 26 holes will be drilled from the 300 metre level to target mineralization in the Twin Zone and 150 Vein (cross sections available here). Drilling is intended to confirm and extend gold mineralization left behind by the previous operator (see news release dated March 6, 2017).

Future holes will target the 130 Vein, the 412 Zone and the newly defined 200 Footwall Zone (see new release dated November 1, 2016). A second drill rig will be mobilized to site shortly.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by J. Rupert Allan, P.Geol., a Qualified Person as defined by National Instrument 43-101.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company’s primary activities are the exploration and development of the past-producing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine. The Company also recently announced Preliminary Economic Assessment results for the Spectrum-GJ copper-gold porphyry project.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

Forward-looking statements apply

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