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Last C$0.08 CAD
Change Today +0.005 / 6.67%
Volume 450.5K
SKE On Other Exchanges
As of 3:44 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

skeena resources ltd (SKE) Snapshot

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skeena resources ltd (SKE) Details

Skeena Resources Limited, a junior mining exploration company, engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company primarily owns a 100% interest in the Spectrum gold and copper exploration property in northwest British Columbia. It also owns a 100% interest in the Tropico copper-platinum-palladium-gold project located in Sinaloa State, Mexico. Skeena Resources Limited is based in Vancouver, Canada.

skeena resources ltd (SKE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Vice President of Exploration and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

skeena resources ltd (SKE) Key Developments

Skeena Resources Limited Releases Initial Drill Results

Skeena Resources Limited provided assay results for the first six holes of its 60-hole summer drilling program. A total of 7,300 m of a proposed 12,000 m has been drilled to date and all six holes reported here have multiple high-grade intercepts. In addition, visible gold has been noted in seven holes so far. The initial six holes totalled 1,363 metres. Significant intersections include: -- Hole S15-010 intersected 3.6 m grading 16.4 g/t Au beginning at 3.4 m down the hole, 1.4 m grading 15.9 m g/t Au at 199.0 m. Visible gold was noted at 5.1 m and 199.5 m. -- Hole S15-011 intersected 6 m grading 7.86 g/t Au at 6.0 m down the hole, plus 1.6 m grading 8.56 g/t Au beginning at 20 m, and 14 m grading 3.28 g/t Au beginning at 130 m, which includes 2.0 m grading 9.5 g/t Au. -- Hole S15-012 intersected 10.59 g/t Au over 6.6 m beginning at 102 m, including a 1.4 m sample that assayed 37.8 g/t Au. Further down the hole, two other high-grade sections yielded assays of 25.27 g/t Au over 3.9 m at 197.6 m (including 1.9 m of 49.8 g/t Au, 118 g/t Ag and 0.63% Cu), and 4.0 m grading 7.08 g/t Au at 234.0 m. -- Hole S15-013 intersected a broad interval of 127 m grading 1.26 g/t Au beginning at 3.0 m, including several higher grade intervals such as 2.2 m grading 9.6 g/t Au. -- Hole S15-014 intersected 24.0 m grading 3.77 g/t Au, 15.5 g/t Ag, and 0.54% Cu beginning at 77 m (including 7.0 m grading 7.95 g/t Au, 35.5 g/t Ag and 0.93% Cu), 2.0 m grading 21.3 g/t Au at 153.0 m, and 1.75 m grading 11.7 g/t Au at 171.0 m. -- Hole S15-017 intersected three high-grade intervals including 0.85 m grading 9.79 g/t Au and 430 g/t Ag starting at 103.2 m, 8.0 m grading 10.46 g/t Au starting at 128 m, and 3.6 m grading 11.68 g/t Au starting at 157.4 m. The deposit comes to surface and is being tested with relatively short drill holes averaging 230 m in length. The drill pattern is designed to provide pierce points spaced at approximately 50 metres vertically and horizontally through the zones. The primary goal is to expand the steeply dipping 500 Colour and Central zones both at depth and along strike. Information collected in this drill program will be used to calculate a new and expanded NI 43-101-compliant mineral resource by the first quarter of 2016.

Skeena Resources Updates on Flotation Studies and Drilling at Spectrum Gold

Skeena Resources Limited provided an update on metallurgical studies, and progress of drilling and other exploration activities at the high-grade Spectrum gold project in north-western British Columbia. The company reported additional bench-scale metallurgical results further to those discussed earlier, wherein excellent gold recovery results were observed when utilizing combined gravity concentration and cyanide leaching. Further bench scale test work, completed at the facilities of the Saskatchewan Research Council under the direction of Michael Yakimchuk P. Eng., has shown that the mineralized rock also returns high gold recovery when using a flotation process. While all metallurgical tests were performed on the discrete zones, the mineralized rock from these two areas is well suited for blending in order to be processed together. To date, a total of 2,205 m in 10 drill holes has been completed using two drills. Core is being logged and cut on site and 3 shipments of half core samples have been sent to the lab. Assays are pending and will be reported in batches once results are received and checked for quality control. A 17-square kilometre area in the core of the property has been covered with 1:5,000 scale geological mapping by Dr. Jim Oliver, P.Geo. This work has greatly improved the understanding of the rock types, alteration, structure and controls on mineralization and will help guide exploration going forward. A total of 166 samples of split drill core have been collected from historic core stored on the property and sent for fire assay. This work has targeted intervals with >1 g/t Au and will be used to confirm previous results for the resource model. In addition, about 600 core samples from 2014 are being re-run by enhanced fire assay methods in order to provide higher precision analyses for resource studies. Prospecting and soil sampling has focused on possible extensions to the know mineralized structures, especially south and northeast of the Central Zone, and in the East Creek, Skarn and other peripheral targets. Some 166 prospecting rock samples and 535 soil samples have been collected and shipped to the lab. Additional prospecting is planned once initial results are received.

Skeena Resources Limited Announces Drilling Underway at Spectrum

Skeena Resources Limited reported that drilling is underway with two drills on location at the company's high-grade Spectrum gold project in northwest British Columbia. The core is being logged and sampled and assays will be released in batches throughout the field season. The first hole, S15-010 was completed to a depth of 278 m and drilled on Section 9512 N at dip of -51 degrees due west. It is designed to cross five mineralized structures (500 Colour, Porphyry 1 & 2, and QC 1 & 2) up-dip of intersections in hole 14-SP-009. That hole was the last one drilled by Skeena in October 2014, and returned several promising intervals including 2 m grading 22.1 g/t Au in the Porphyry 1 structure and 2 m grading 10 g/t Au, 1 m grading 11.1 g/t Au, and 2 m grading 254.5 g/t Au in the 500 Colour structure. Two additional holes are planned for this section and will test the mineralized structures closer to surface. Hole S15-011 was collared on Section 9570 about 60 m north of S15-010, and drilled at a dip of -45 to the west. The hole had been drilled to a depth of 170 m and is designed to test all five structures. Several historic holes on this section were reported to have encountered strong mineralization. A total of 12,000 m of drilling in 60 NQ holes is planned for this field season, with holes averaging 200 m and varying from 50 to 350 m in depth. The drill program has been designed to expand the historic resource at the 500 Colour and Central zones, the latter of which includes the QC 1, QC 2, Porphyry 1, and Porphyry 2 structures. Other holes will test other outlying targets.


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