The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Skeena plans more drilling to build on high-grade resource North of 60 Mining News – July 24, 2020
Skeena completes underground drilling at the high-grade Snip gold mine project in British Columbia's Golden Triangle.
Skeena Resources Ltd. July 21 reported the first resource for its Snip underground gold mine project in British Columbia's Golden Triangle that complies with modern report standards.
Based on data from 3,112 surface and underground drill holes, 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.
"We are very excited about the maiden resource at Snip, particularly because of the excellent grade and the proximity to Eskay Creek," said Skeena Resources President and CEO Walter Coles Jr. "We will commence drilling at Snip shortly to follow-up on the exciting exploration success from last summer in an effort to expand the resource."
Skeena entered into option agreements to acquire Snip and Eskay Creek from Barrick in 2017. Over the ensuing three years, most of the company's efforts have been focused on the advancement of Eskay Creek but has steadily continued exploration at Snip.
Operated by Barrick in the 1990s, the historic underground mine at Snip produced 1.1 million oz of gold from 1.25 million metric tons of ore averaging 27.5 g/t gold.
Twin, the most prolific of the high-grade zone mined by Barrick, produced 709,601 oz of gold from ore that averaged 28.95 g/t gold.
Skeena's 2019 drilling at Snip targeted an isolated high-grade intersection encountered by Barrick in 200 Footwall, a zone that has historically only been targeted with limited underground drilling.
One hole drilled in 1997, UG-2610, cut 3.4 meters of 26.83 g/t gold.
The best hole from Skeena's 2019 program at Snip, cut 1.5-meter bonanza grade intercept averaging 1,131.9 g/t (36.39 oz/t) ton.
This high-grade zone will be among the targets Skeena follows up on when drilling resumes at Snip.
"Our efforts in the coming months will focus on expanding these now well-defined resources with expansion drilling in the newly evolving 200 Footwall Corridor as well as other near-mine targets," said Skeena Resources Vice President of Exploration and Resource Development Paul Geddes.
Over his more than 16 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.
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