Skeena Resources Ltd Malpica Project Cu-Au-Mo drill results; Mazatlan, Mexico by 24hgold

Mots clés associés : Canada | Copper | G Mexico | Palladium |

Re: News Release - Monday, April 14, 2008
Title: Skeena's Malpica Project Cu-Au-Mo drill results; Mazatlan, Mexico

Skeena Resources Limited (TSX.V: SKE) is pleased to announce assay results from the first 10 diamond drill holes and an up-date to the on-going evaluation program at its advanced MALPICA copper-gold Project in Sinaloa State, 30 km east of Mazatlan, Mexico.

The primary focus of the current program at Malpica is to drill test the open-ended strike and dip extent of the two main mineralized tourmaline breccia pipes, Cerro Tunel and Cerro Pelon (news release May 8, 2007), where a historic, non 43-101 resource* of 29 million tonnes grading 0.64% copper has been reported. Initial results from hole SM-01 in an untested area north of Cerro Pelon referred to as Pelon Norte, (drill plan map link) yielded an intercept of 112 metres grading 0.949 % copper, 0.427 g/t gold, 3.0 g/t silver and 188 ppm molybdenum. Three additional step-out holes to the east (SM-04, 07, and 08) yielded similar results. It is considered particularly noteworthy that significant widths of coincidental, strong molybdenum mineralization (0.019 to 0.05% Mo) have been intersected since the historic Asarco and Cambior drilling was not assayed for molybdenum. Pelon Norte is characterized by a strong Induced Polarization ("IP") chargeability anomaly, a coincidental resistivity low, and strongly anomalous Au, Cu, Ag, and Mo values in soil geochemistry.

Two step-out holes west of Cerro Tunnel (SM-05, 10) have also yielded highly encouraging results (higher than average gold values, slightly lower copper, but no significant Mo).

Drill holes SM-11 to SM-17, in-fill and marginal to Cerro Pelon, are now competed and assay results will be reported upon receipt. Proposed drill holes SM-18 to SM-21 will test an extensional zone to the southeast of Cerro Tunel where a strong IP response and coincidental soil geochemical anomaly is further validated by good surface mineralization.

Significant mineralized intercepts from the first 10 holes is reported in the table below:

Hole No.	From (metres)		To (metres)	Interval (metres)	Cu %	Au g/t	Ag g/t	Mo ppm

SM-01	20.0	-	132.0	112.0	0.949	0.427	3.0	188
Incl.	40.0	-	80.0	40.0	1.534	0.699	3.2	311
	166.0	-	174.0	8.0	1.489	2.120	15.9	531
	196.0	-	200.0	4.0	0.399	1.943	1.7	222
	212.0	-	220.0	8.0	0.168	0.289	0.9	624

SM-02	0.0	-	4.0	4.0	0.373	0.480	8.4	14

SM-03	No significant values

SM-04	82.0	-	86.0	4.0	0.968	4.284	5.7	141
	90.0	-	100.0	10.0	0.379	0.339	1.4	69
	136.0	-	150.0	14.0	0.161	0.338	3.0	57
	160.0	-	174.0	14.0	0.585	0.501	1.7	83
	192.0	-	206.0	14.0	0.391	1.739	3.0	186

SM-05	30.0	-	94.0	64.0	0.598	1.245	1.8	49
incl.	58.0	-	76.0	18.0	0.629	3.436	1.9	149
	124.0	-	198.0	74.0	0.412	0.384	1.5	7

SM-06	34.0	-	40.0	6.0	0.564	0.123	1.7	388
	82.0	-	90.0	8.0	0.513	0.320	1.9	110

SM-07	66.0	-	202.0	136.0	0.653	0.417	4.2	267
incl.	164.0	-	182.0	18.0	0.660	1.893	2.6	394

SM-08	34.0	-	116.0	82.0	0.587	0.247	1.8	161
incl.	92.0	-	96.0	4.0	3.335	0.983	23.5	476
	132.0	-	172.0	40.0	0.266	1.817	3.3	272
incl.	158.0	-	172.0	14.0	0.269	4.828	4.7	439
	196.0	-	206.0	10.0	0.202	1.099	2.4	337

SM-09	No significant results

SM-10	2.0	-	46.0	44.0	0.463	0.355	1.3	16
	64.0	-	88.0	24.0	0.682	0.639	3.9	4
*The reader is cautioned that this historic resource does not conform to Canada's National Instrument 43-101 requirements for reporting purposes; as such, the Company is not treating this estimate as current reserves or resources. These estimates should not be relied upon until they have been verified by further due diligence and re-calculated by an independent qualified person.

The majority of analytical results from 5,500 soil samples have now been obtained over a 130 line kilometre geochemical grid (100 m spaced crosslines and 25 m station intervals). Strongly anomalous copper in soil (from 240 ppm to > 10,000 ppm), and coincidental gold (from 42 ppb to 2,285 ppb), silver (from 0.6 ppm to 12.6 ppm), and antimony (from 1 ppm to 12.5 ppm) responses are noted over the Cerro Tunel, Cerro Pelon, Pelon Norte and Zona Oeste areas, and over a 2 km+ long northwest trending zone in the very southwest sector of the grid (link to soil maps). The Cerro Tunel and Cerro Pelon area is also characterized by a strong molybdenum (from 5 to > 600 ppm) response. (link to soil geochemical maps). Sample coverage is currently being expanded to cover anomalies that trend off grid.

A helicopter-borne DIGHEM electromagnetic and magnetic survey has now been completed over the majority of the property by Fugro Airborne Surveys. The final interpreted data is expected in a few weeks time.

Follow-up diamond drilling to the geochemical survey results awaits the airborne geophysical survey interpretation as several new targets appear to be structurally controlled in a setting somewhat different from Cerro Tunel and Cerro Pelon.

Elsewhere, a helicopter-borne DIGHEM electromagnetic and magnetic survey has now been completed over the majority of the Company's TROPICO copper-platinum-palladium-gold project, located 20 km north of Mazatlan. Final interpreted data is expected in a few weeks time.

Quality Assurance & 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 Rupert Allan, P.Geol., President and CEO of Skeena Resources Limited, the designated Qualified Person for this project. On site drilling supervision is provided by the Company's Latin American management team of, Peter E. Boies, and Felipe Ortega. To ensure best practices in sampling and analyses, the N thin-walled diameter core is logged, photographed, and cut in half with a diamond saw. One half of the core is submitted for analysis and the second half is retained in permanent core facilities on site. A rigorous chain-of-custody and QA/QC program, consisting of the insertion of blanks, certified standard control samples, duplicates of coarse rejects and pulps, and as well as 2% of the second half of the core samples are submitted as analyses to test geological variability. Samples are trucked to Guadalajara, Mexico and crushed by Acme Analytical Laboratories Ltd. The final analysis are completed in Acme's ISO-registered laboratory in Vancouver, BC. Gold is analyzed by 30 gm fire assay fusion with an ICP-ES finish, and 31 additional elements by 0.5 gm ICP-ES analyses. Assays of greater than 10 g/t Au are repeated by 30 gm fire assay with a gravimetric finish, and copper greater than one percent is analyzed by 1 gm ICP-ES.

All drill holes reported on in this news release were drilled vertically. Drill intercepts are reported as down hole lengths of various metals over widths in metres, as true widths of the various zones have not yet been reliably ascertained.

The Qualified Person under Canada's National Securities Instrument 43-101 responsible for the content of this news release is the Company President and CEO, J. R. Allan, P. Geol.

ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED

"Rupert Allan"

J. R. Allan, P.Geol., President

Cautionary Statement on Forward-Looking Information.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For Further Information Contact:
Rupert Allan, President or Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings St. Vancouver, B.C., Canada V6B 1N2
Tel: (604) 684-8725 Fax: (604) 669-2543
Email: tperri@skeenaresources.com

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.