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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Bullboard Posts
Comment by goldhunter11on Sep 09, 2020 11:44am
201 Views
Post# 31526759

RE:RE:RE:News Out

RE:RE:RE:News Out
Quinto5 wrote:

 

Midas53 wrote: not stellar!

 

 

Phase I Eskay Creek 21A and 21C Zones Infill Drilling Highlights:

•    5.05 g/t Au and 449 g/t Ag (11.03 g/t AuEq) over 39.66 m (SK-20-292) – 21A Zone
•    5.47 g/t Au and 9 g/t Ag (5.59 g/t AuEq) over 12.25 m (SK-20-307) – 21C Zone
•    3.59 g/t Au and 14 g/t Ag (3.77 g/t AuEq) over 16.50 m (SK-20-321) – 21C Zone

Well considering that the PEA inferred resource of the 21A zone is 1,330,000@ 5.7AuEq g/t and we got double that in grade is "not stellar".  I really don't know what you are looking for?!

Furthermore, the PEA inferred resources in the 21C zone is listed as 2,080,000 @ 2.6 AuEq g/t and both holes have higher AuEq grades.

Now I realized that these holes may be cherry picked from other holes in the program, but these results are better than meh.
 

I would add that the results are for
- only 8 additional holes, with the majority number of holes are still with the lab;
- as shown in the cross-section, most of the holes show quite decent intercepts with grades greater than 5gpt to illustrate that the current RE (4Moz at 4gpt which is very high for OP) could be increase to 5Moz at 5gpt with extra/infill drilling.
-hole 292 has 11gptAuEq/40m, from 80-120m and a whopping 117gptAuEq/1.5m thanks to a 7190 gptAg on top of 21.2 gptAu at a downhole distance of around 100m which should have been shown in the cross-section. But, it is tabulated in the Table. The Ag conversion is based on a ratio of 72. If silver is moving fster than gold , as Eric Sprott believes, the contribution from Ag would be higher.
GH11
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