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Skeena Reports Final Batch Copper & PGM Assays from Tropico Drilling, Mexico
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News Release 11-07
Skeena Resources Limited (TSX.V: SKE) is pleased to announce the final
assay results from its recently completed 4,900 metre
diamond drill program (21 holes) on its 100% owned Tropico
Project, Sinaloa State, Mexico. Laterally extensive, low-grade copper +
platinum + palladium + gold mineralization has
previously been investigated throughout the 19 kilometre-long
Tropico layered mafic/ultramafic complex. Within
the central portion of the Maricela - San Pablo
Zone (refer to news releases dated May 30, June 13, and June 29, 2011), up to
four parallel, steeply to near vertically dipping, 10 metre
to >100 metre thick horizons of mineralized feldspathic pyroxenite,
interspersed with barren gabbro, have been drill intersected, each yielding
from 0.13 to >0.5 % copper, from 0.2 g/t to 0.6 g/t PGM (platinum +
palladium + gold) and an average silver content of approximately 1.75 g/t.
The two pyroxenite bands on the north side appear
to have good continuity over a strike length of at least 2.5 km; the two
horizons on the south side are less well investigated at this stage but are
interpreted to have continuity over a strike length of at least 1.5 kilometres.
Assay results are set out in the Table below, and a revised drill plan map
will be posted shortly on the Company's website at www.skeenaresources.com
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Drill
Hole No.
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From (m)
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To
(m)
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Interval
(m)
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%
Cu
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PGM
(Pt+Pd+Au)
ppb*
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Ag (g/t)
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SK 11-016
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No
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significant
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results
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|
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SK 11-017
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31.0
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50.0
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19.0
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0.159
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310
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1.0
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70.9
166.7
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155.7
218.5
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84.8
51.8
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0.224
0.189
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292
318
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1.1
1.9
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SK11-018
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0
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27.0
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27.0
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0.200
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408
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2.4
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76.0
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122.7
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46.7
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0.176
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296
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0.9
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SK11-019
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0
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29.3
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29.3
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0.23
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355
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1.5
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|
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49.7
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63.0
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13.3
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0.255
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307
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1.2
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|
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78.0
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122.0
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44.0
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0.187
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304
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1.3
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SK11-020
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81.5
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101.5
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20.0
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0.232
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309
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1.4
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SK11-021
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338.0
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358.0
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20.0
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0.137
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198
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0.7
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* 1,000 ppb equals 1 gram per tonne
The company is currently investigating undertaking a bench-scale
metallurgical investigation of composited diamond drill core. The Company is
also holding discussions with potential joint venture participants with a
view to undertaking another phase of exploration drilling during the winter
of 2012.
Quality Control
The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed by J. R. Allan, P.Geol.,
president and CEO of Skeena Resources Limited, the designated Qualified
Person for this project. On site drilling supervision was provided by two
independent geologists, Dr. Daniel Rubiolo. P.Geo. of GeoServa Exploration
Ltd. and Ing. Felipe Ortega Garcia of Servicios Geologicos y Mineros de Aztlan SA de CV. A
rigorous chain-of-custody and QA/QC program, consisting of the insertion of
certified standard control samples, duplicates and blanks was applied to the
N thin-walled diameter, sawn half-core samples. Sample preparation was
handled by an Acme Analytical Laboratories facility in Guadalajara, Mexico
and the analyses by Acme Analytical in Vancouver, British Columbia. Gold and
the PGM elements are analyzed by fire assay with an ICP-ES finish, and 31
additional elements by ICP-AES analyses. Drill intercepts are reported as
down-hole lengths over widths in metres, as true
widths of the various zones have not yet been reliably ascertained.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
"Rupert Allan"
J. R. Allan, P.Geol., President
Neither TSX Venture Exchange nor the Investment
Industry Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contact: Tony Perri - Investor Relations,
Manager at 604-684-8725
Or Raju Wani of Wani Capital at 403-240-0555
Suite 611, 675 W. Hastings St. Vancouver, B.C., Canada V6B 1N2
Tel: (604) 684-8725 Email: tperri@skeenaresources.com
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