North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Drill taps high-grade gold in eastern Snip

Expansion area discovered during resource upgrade drilling North of 60 Mining News – August 6, 2021


Last updated 8/5/2021 at 3:50pm

Skeena Resources Snip Golden Triangle BC Canada map infill drilling highlights

Skeena Resources Ltd.

Skeena Resources Ltd. Aug. 4 announced that its 2021 phase-3 infill drilling at Snip has confirmed and upgraded the modeled vein mineralization in the eastern footwall of this high-grade gold project in British Columbia's Golden Triangle.

According to a 2020 calculation, Snip hosts 539,000 metric tons of indicated resource averaging 14 grams per metric ton (244,000 ounces) gold; and 942,000 metric tons of inferred resources averaging 13.3 g/t (402,000 oz) gold.

The phase-3 infill drilling is primarily focused on upgrading areas of inferred resource to the higher confidence measured and indicated categories.

Highlights from the latest batch of results include:

0.8 meters averaging 390 g/t gold in hole UG21-178.

1.9 meters averaging 109.89 g/t gold in UG21-180.

4.17 meters averaging 29.31 g/t gold in UG21-181.

3.5 meters averaging 85.51 g/t gold in UG21-182.

Four meters averaging 85.91 g/t gold in UG21-183.

One meter averaging 164.5 g/t gold in UG21-189.

0.5 meters averaging 693 g/t gold in UG21-192.

12.5 meters averaging 27.04 g/t gold in UG21-202.

2.44 meters averaging 83.87 g/t gold in UG21-205.

2.76 meters averaging 74.59 g/t gold in UG21-214.

The 12.5 meters of 27.04 g/t gold encountered in UG21-202 is located only a few meters away from a partially sampled hole drilled by Barrick Gold Corp. in 1998 that only reported 0.8 meters averaging 2.11 g/t due to a lack of sampling. UG21-202 also parallels another incompletely sampled 1997 hole that cut 4.7 meters averaging 5.29 g/t gold. These incompletely sampled historical holes form the basis of Skeena's 2020 resource estimate in this area of the Snip deposit.

Author Bio

Shane Lasley, Publisher

Over his more than 13 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.

Phone: (907) 726-1095


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