GOLD: Skeena cuts 36 g/t and finds new mineralization at Snip

BRITISH COLUMBIA – Not only is Vancouver’s Skeena Resources reporting good gold intersections at the former Snip mine, it has discovered a […]
Underground exploration drilling at the Snip gold project in 2017. (Image: Skeena Resources)

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BRITISH COLUMBIA – Not only is Vancouver’s Skeena Resources reporting good gold intersections at the former Snip mine, it has discovered a new mineralized zone in the 200 Footwall Corridor. [caption id="attachment_1003723629" align="alignright" width="276"] Underground exploration drilling at the Snip gold project in 2017. (Image: Skeena Resources)[/caption] The phase two drill program of 11,000 metres is being done underground with two rigs to build upon results from the first phase completed in 2017. Here are some highlights:
  • UG18-074 – 7.27 g/t gold over 3.0 metres;
  • UG18-079 – 28.25 g/t over 1.0 metres and 10.95 g/t over 2.6 metres;
  • UG18-080 – 36.65 g/t over 2.0 metres; 95.00 g/t over 0.5 metre, and 7.87 g/t over 3.3 metres; and
  • UG18-081 – 17.60 g/t over 1.5 metre and 26.20 g/t over 1.5 metre.
The new discovery was made in the easternmost footwall stratigraphy, the 200 Footwall Corridor. This represents an up-plunge expansion 100 metres east of the area drilled in 1997. Skeena also continued delineation drilling of the Eastern Twin zone and 412 Veining Corridors in preparation for a maiden resource estimate. The Snip gold mine in the Liard Mining Division operated from 1991 until 1999 with an average grade of 27.5 g/t gold. Skeena acquired a 100% interest from Barrick in 2017. Details are posted at www.SkeenaResources.com.

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