Mr. Walter Coles Jr. reports
SKEENA INTERSECTS 12.51 G/T AUEQ OVER 19.15 METRES IN 21C ZONE INFILL DRILLING AT ESKAY CREEK
Skeena Resources Ltd. has provided the last diamond drill core results from the phase 2 campaign of definition and exploration drilling at the Eskay Creek project located in the Golden Triangle of British Columbia. The phase 2 infill program, focused upon resource category conversions for the prefeasibility study on open-pit constrained resources, is now complete. This release presents the last of the phase 2 results. The company has also recently completed a 5,000-metre near-mine exploration program at Eskay Creek with results expected shortly. Reference images are presented on the company's website.
Eskay Creek infill drilling highlights
21C zone
- 3.35 grams per tonne gold, nine g/t silver (3.47 g/t gold equivalent) over 33.93 m (SK-21-677);
- 7.10 g/t Au, 406 g/t Ag (12.51 g/t AuEq) over 19.15 m (SK-21-678);
- 2.82 g/t Au, 57 g/t Ag (3.58 g/t AuEq) over 49.00 m (SK-21-679);
- 5.45 g/t Au, 12 g/t Ag (5.61 g/t AuEq) over 26.80 m (SK-21-702);
- 3.99 g/t Au, 14 g/t Ag (4.17 g/t AuEq) over 41.92 m (SK-21-815);
- 3.97 g/t Au, 13 g/t Ag (4.15 g/t AuEq) over 28.00 m (SK-21-816).
HW zone
- 6.06 g/t Au, 11 g/t Ag (6.21 g/t AuEq) over 16.40 m (SK-21-805);
- 3.20 g/t Au, 11 g/t Ag (3.34 g/t AuEq) over 32.19 m (SK-21-806).
Gold equivalent (AuEq) is calculated via the formula: Au (g/t) plus (Ag (g/t) divided by 75). True widths range from 70 to 100 per cent of reported core lengths. Length-weighted AuEq composites are constrained by geological considerations. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100 per cent. Samples below detection limit were nulled to a value of zero.
Improved widths observed in 21C zone
Mineralization within the 21C zone has been expanded to depth as confirmed by 2021 phase 2 drill intersection 2.82 g/t Au, 57 g/t Ag (3.58 g/t AuEq) over 49.00 m (SK-21-679) in a combination of contact mudstones and rhyolite breccias. The nearest historical drill hole intersected comparable grade but over a lesser width, averaging 4.04 g/t AuEq over 25.99 m (C011099). Additional high-grade gold-silver mineralization was intersected by a flanking drill hole which intersected 7.10 g/t Au and 406 g/t Ag (12.51 g/t AuEq) over 19.15 m (SK-21-678), hosted in contact mudstones with a second rhyolite-hosted interval grading 2.87 g/t Au and seven g/t Ag (2.97 g/t AuEq) over 18.40 m.
Additional mineralization established in HW zone
Supplementary near-surface gold-silver mineralization has been established over two new intervals by SK-21-803 in the HW zone, averaging 2.14 g/t Au and 27 g/t Ag (2.50 g/t AuEq) over 7.57 m and 2.09 g/t Au and 25 g/t Ag (2.42 g/t AuEq) over 10.32 m, respectively. These grades and widths compare closely with the surrounding historical drill holes which informed the company's current mineral resource estimate (MRE). However, this drill hole represents a potential expansion to the in-pit resource base due to its location outside the limits of the current resource blocks.
About Skeena Resources Ltd.
Skeena is a Canadian mining exploration company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan territory in the Golden Triangle of northwest British Columbia, Canada. The company released a robust preliminary economic assessment in late 2019 and is currently focused on infill and exploration drilling to advance Eskay Creek to full feasibility by the end of 2021. Additionally, Skeena continues exploration programs at the past-producing Snip gold mine.
Qualified persons
Exploration activities at the Eskay Creek project are administered on site by the company's exploration managers, Raegan Markel, PGeo, and Adrian Newton, PGeo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, PGeo, vice-president of exploration and resource development, is the qualified person for the company and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to CIM best practices guidelines in conducting, documenting and reporting the exploration activities on its projects.
Quality assurance/quality control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by the company's qualified person, Paul Geddes, PGeo, vice-president of exploration and resource development.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and one kilogram is pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 50 g fire assay fusion with gravimetric finish. Analysis for silver is by 50 g fire assay fusion with gravimetric finish with a lower limit of five ppm and upper limit of 10,000 ppm. Samples with silver assays greater than 10,000 ppm are reanalyzed using a gravimetric silver concentrate method. A selected number of samples are also analyzed using a 48-multielement geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass spectroscopy (ICP-MS), and also for mercury using an aqua regia digest with inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish. Samples with sulphur reporting greater than 10 per cent from the multielement analysis are reanalyzed for total sulphur by Leco furnace and infrared spectroscopy.
ESKAY CREEK PROJECT PHASE 2 DRILLING CAMPAIGN; LENGTH-WEIGHTED DRILL HOLE GOLD AND SILVER COMPOSITES
Core
Hole ID From (m) To (m) length (m) Au (g/t) Ag (g/t) AuEq (g/t) Zone
SK-21-645 33.07 45.10 12.03 2.29 68 3.20 HW
Including 38.85 39.35 0.50 21.30 1,200 37.30 HW
SK-21-646 26.25 39.12 12.87 2.32 229 5.37 HW
Including 37.80 38.30 0.50 9.15 5,120 77.42 HW
SK-21-648 19.63 26.00 6.37 0.95 12 1.11 HW
SK-21-648 28.32 39.67 11.35 3.43 138 5.26 HW
Including 38.00 39.67 1.67 3.64 484 10.09 HW
SK-21-648 41.77 53.00 11.23 1.24 39 1.76 HW
SK-21-677 77.50 94.00 16.50 1.15 16 1.35 21C
SK-21-677 96.33 130.26 33.93 3.35 9 3.47 21C
Including 117.50 118.50 1.00 32.20 18 32.44 21C
and 118.50 119.32 0.82 36.50 19 36.75 21C
SK-21-677 132.70 147.00 14.30 1.98 8 2.09 21C
SK-21-678 103.85 123.00 19.15 7.10 406 12.51 21C
Including 103.85 104.50 0.65 35.50 5,810 112.97 21C
and 105.50 106.50 1.00 30.10 180 32.50 21C
and 106.50 107.00 0.50 20.50 1,690 43.03 21C
and 107.00 108.00 1.00 24.50 2,040 51.70 21C
and 108.00 108.50 0.50 16.10 423 21.74 21C
and 108.50 109.10 0.60 11.80 585 19.60 21C
SK-21-678 126.00 144.40 18.40 2.87 7 2.97 21C
Including 132.00 133.00 1.00 11.20 <5 11.20 21C
SK-21-679 73.00 82.00 9.00 0.64 18 0.88 21C
SK-21-679 86.50 91.00 4.50 2.16 19 2.42 21C
SK-21-679 98.00 147.00 49.00 2.82 57 3.58 21C
Including 100.45 101.40 0.95 6.61 1,470 26.21 21C
and 120.92 121.42 0.50 11.15 18 11.39 21C
SK-21-701 abandoned 21C
SK-21-702 201.70 228.50 26.80 5.45 12 5.61 21C
Including 201.70 203.09 1.39 52.40 6 52.48 21C
and 203.09 204.00 0.91 12.95 <5 12.95 21C
and 204.74 205.65 0.91 18.15 7 18.24 21C
SK-21-715 34.45 47.00 12.55 1.81 52 2.50 HW
Including 44.47 45.00 0.53 11.35 176 13.70 HW
SK-21-733 9.00 22.80 13.80 4.98 31 5.39 HW
Including 17.00 19.80 2.80 11.95 48 12.59 HW
SK-21-733 28.00 32.33 4.33 1.37 9 1.49 HW
SK-21-733 37.27 44.00 6.73 1.70 7 1.79 HW
SK-21-733 49.10 53.00 3.90 0.73 8 0.83 HW
SK-21-734 13.44 19.20 5.76 2.26 100 3.60 HW
SK-21-734 21.67 31.55 9.88 2.36 31 2.78 HW
SK-21-734 38.84 42.27 3.43 1.03 13 1.20 HW
SK-21-789 56.27 90.00 33.73 1.95 34 2.40 21E
SK-21-790 57.00 73.00 16.00 4.04 50 4.70 21E
Including 68.00 69.00 1.00 22.10 43 22.67 21E
and 69.00 69.60 0.60 11.50 137 13.33 21E
and 69.60 70.20 0.60 21.60 404 26.99 21E
SK-21-790 77.50 93.00 15.50 1.86 160 3.99 21E
Including 80.07 81.07 1.00 8.82 281 12.57 21E
and 81.07 82.20 1.13 7.98 408 13.42 21E
SK-21-791 72.00 80.23 8.23 3.65 23 3.96 21E
Including 76.43 77.00 0.57 11.20 43 11.77 21E
and 77.00 77.87 0.87 10.50 44 11.09 21E
SK-21-791 85.05 99.50 14.45 3.55 30 3.94 21E
SK-21-791 105.50 115.00 9.50 3.65 105 5.05 21E
Including 113.46 114.00 0.54 14.60 796 25.21 21E
SK-21-792 97.60 112.50 14.90 2.31 23 2.61 21E
SK-21-794 72.90 75.08 2.18 0.49 39 1.01 21E
SK-21-794 89.50 105.45 15.95 2.16 23 2.46 21E
Including 102.69 104.00 1.31 9.31 55 10.04 21E
SK-21-794 113.00 115.00 2.00 0.90 5 0.96 21E
SK-21-795 94.00 116.70 22.70 1.91 32 2.34 21E
SK-21-795 119.50 125.00 5.50 1.46 8 1.56 21E
SK-21-796 98.50 103.00 4.50 1.39 15 1.59 21E
SK-21-796 110.50 134.00 23.50 1.19 94 2.44 21E
Including 131.00 132.26 1.26 2.13 1,335 19.93 21E
SK-21-797 29.95 33.08 3.13 2.45 8 2.56 21B
SK-21-798 28.38 38.30 9.92 0.78 29 1.17 21B
SK-21-799 41.45 65.00 23.55 1.60 115 3.13 21B
Including 46.96 48.57 1.61 6.20 954 18.92 21B
SK-21-800 56.18 68.20 12.02 2.74 184 5.19 21B
Including 64.00 66.67 2.67 6.71 696 15.99 21B
SK-21-800 70.30 75.00 4.70 0.53 28 0.90 21B
SK-21-801 27.45 40.00 12.55 0.92 12 1.08 21B
SK-21-801 44.00 47.00 3.00 1.06 5 1.13 21B
SK-21-802 1.37 3.86 2.49 0.55 14 0.74 HW
SK-21-802 7.54 21.15 13.61 3.10 112 4.59 HW
Including 11.78 12.74 0.96 8.35 340 12.88 HW
and 17.00 18.35 1.35 10.20 183 12.64 HW
and 18.35 19.11 0.76 3.63 733 13.40 HW
SK-21-802 26.00 32.00 6.00 1.03 10 1.17 HW
SK-21-803 5.20 12.77 7.57 2.14 27 2.50 HW
SK-21-803 14.90 25.22 10.32 2.09 25 2.42 HW
Including 21.13 21.70 0.57 10.50 87 11.66 HW
SK-21-803 28.83 37.94 9.11 0.90 9 1.02 HW
SK-21-803 43.00 45.14 2.14 1.26 6 1.34 HW
SK-21-804 3.51 13.80 10.29 2.10 15 2.30 HW
SK-21-804 16.30 18.75 2.45 0.82 15 1.02 HW
SK-21-804 29.00 32.00 3.00 0.75 19 1.00 HW
SK-21-804 35.00 44.00 9.00 0.98 12 1.14 HW
SK-21-804 53.00 55.00 2.00 1.21 5 1.28 HW
SK-21-805 8.70 20.00 11.30 0.95 15 1.14 HW
SK-21-805 25.20 28.40 3.20 0.61 26 0.95 HW
SK-21-805 33.60 43.25 9.65 0.92 8 1.03 HW
SK-21-805 45.60 62.00 16.40 6.06 11 6.21 HW
Including 52.00 55.00 3.00 10.05 11 10.20 HW
SK-21-806 41.81 74.00 32.19 3.20 11 3.34 HW
Including 72.00 74.00 2.00 28.40 71 29.35 HW
SK-21-815 163.00 204.92 41.92 3.99 14 4.17 21C
Including 168.00 169.50 1.50 10.40 58 11.17 21C
and 170.50 171.69 1.19 12.15 14 12.34 21C
and 182.00 183.36 1.36 11.05 126 12.73 21C
SK-21-816 196.00 224.00 28.00 3.97 13 4.15 21C
Including 197.21 198.00 0.79 43.90 5 43.97 21C
and 200.20 201.00 0.80 13.75 6 13.83 21C
SK-21-816 227.00 236.00 9.00 1.65 18 1.89 21C
Gold equivalent (AuEq) is calculated via the formula: Au (g/t) plus (Ag (g/t) divided by 75). True widths
range from 70 to 100 per cent of reported core lengths. Length-weighted AuEq composites are constrained by
geological considerations. Grade capping of individual assays has not been applied to the Au and Ag assays
informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied
to the AuEq calculation and are taken at 100 per cent. Samples below detection limit were nulled to a value
of zero.
NSA -- no significant assays.We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.