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By Shane Lasley
Mining News 

Expected high-grade gold at Eskay Creek

Infill hole cuts 22.5 meters of 32 g/t gold and 121 g/t silver North of 60 Mining News – May 8, 2020


Last updated 9/26/2020 at 2:24pm

Winter drilling Eskay Creek gold silver property northwestern BC

Skeena Resources Ltd.

Skeena Resources has completed 4,327 meters of a 28,000-meter drill program planned for this year at its Eskay Creek gold-silver project in British Columbia's Golden Triangle.

Skeena Resources Ltd. May 5 reported the final assay results from the 4,327 meters of drilling completed so far this year at the Eskay Creek gold-silver project in the Golden Triangle region of Northwest British Columbia.

In February, Skeena launched a 2020 phase I program that is expected to include 28,000 meters of drilling at Eskay Creek. The company completed the first 4,237 meters prior to COVID-19 restrictions.

Initial results from this early program, which were released in April, include:

• 22.08 meters averaging 3.62 grams per metric ton gold and 41 g/t silver in hole SK-20-259.

• 36.19 meters of 2.61 g/t gold and 10 g/t silver in SK-20-263.

• 19.6 meters of 3.91 g/t gold and 21 g/t silver in SK-20-264.

These holes were drilled within the 21B and 21C Zones, which are situated in the deeper portions and later phases of an open-pit mine envisioned in a preliminary economic assessment completed in November.

This latest batch of results from drilling in the 21B zone include:

• 22.5 meters of 32.21 g/t gold and 121 g/t silver in SK-20-270.

• 24.6 meters of 5.9 g/t gold and 14 g/t silver in SK-20-271.

Skeena said the high-grade mineralization these holes at 21B was anticipated. This mineralization is hosted within the contact mudstones as well as mudstone-rhyolite breccias and improves upon the grades from historical drill holes in this area of 21B.

According to a calculation completed early in 2019, Eskay Creek hosts 12.71 million metric tons of surface mineable indicated resource averaging 4.5 g/t (1.82 million oz) gold and 117 g/t (47.79 million oz) silver; and 13.57 metric tons of surface mineable inferred resource averaging 2.2 g/t (984,000 oz) gold and 42 g/t (18.46 million oz) silver.

Contango ORE is an Alaska gold exploration and mining company.

This resource calculation does not include any of the results from the 14,266 meters of resource upgrade and expansion drilling carried out during the 2019 phase-1 drill program at Eskay Creek.

Though Skeena has yet to announce its plans to resume drilling at Eskay Creek, the company is well funded for a large-scale program there, as well as exploration at Snip, another high-grade past producing gold project in the Golden Triangle.

Eskay Creek gold silver exploration drill map Golden Triangle British Columbia

Skeena Resources Ltd.

In mid-April, Skeena completed the final tranche of a C$33.3 million financing and on May 1 finalized an agreement to sell its GJ gold-copper property in northern B.C. to Newcrest Mining Ltd. for C$7.5 million.

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Author Bio

Shane Lasley, Publisher

Over his more than 15 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

Email: [email protected]
Phone: (907) 726-1095


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