Skeena Resources Limited (TSX VENTURE: SKE) is pleased to provide a
progress up-date on its 100% owned Tropico
copper-platinum-palladium-gold Project, located 25 km north of
Mazatlan, Sinaloa State, Mexico. This robust, potentially open
pittable, low-strip ratio, large tonnage target has become very
attractive with the better than quadrupling of metal prices since
it last was investigated by drilling and trenching (9 to 12 years
ago).
During the fall of 2010, the Company undertook approximately 170
line kilometres of in-fill and extensions to the historic
geochemical sampling grids. This work covers covers 19 kilometres
of strike length of a layered mafic intrusive body that hosts
numerous, well-documented copper-platinum-palladium-gold
occurrences. Mineralization generally occurs as coarse-grained,
disseminated, sparse chalcopyrite with very minor cubanite,
bornite, pyrrhotite, pyrite and pentlandite (generally less than 5%
combined sulphides). Post mineralization alteration is limited to
alteration of pyroxenes to tremolite, weak argillic alteration of
the feldspar pheocrysts, and very weak, patchy silicification.
Analytical results from approximately 3,500 new soil samples
continue to successfully and accurately delineate the main
mineralized horizon (the Maricela - San Pablo and the El Pochote
Zones) and to detect numerous geochemically anomalous parallel
trends. Sampling was commonly undertaken at 50 metre station
intervals on 100 metre spaced lines. A back-hoe trenching program,
started in early December and interrupted for the holiday season,
is approximately one-quarter completed and will again commence in
early February.
In 2011, the Company will focus the majority of its back-hoe
trenching and diamond drilling efforts on the apparently
continuous, 5 kilometre long Maricela - San Pablo Zone, which has
previously been explored by 22 trenches and 18 drill holes, and the
1.5 kilometre long El Pochote Zone, which has only been
investigated by 4 trenches and 2 drill holes. These two zones
characteristically occur along a low ridge crest with sparse
overburden and tree cover in an area bounded by agricultural
fields. The Zones appear to be good, potentially open pit targets
in a district with excellent infrastructure (the property is
crossed by a rail line, two paved highways, numerous secondary
roads, and is located within 30 kilometres of the deep-water port
at Mazatlan).
Within the nearly vertically dipping Maricela - San Pablo Zone,
three 800-metre long sections have not been tested by drilling nor
have numerous trenches with excellent assay results been further
investigated. Mapping and geochemical sampling indicate that
trenching has often not exposed the entire width of the mineralized
horizon. Some of the historic trench results are reported
below:
grams/tonne
Trench No. % Copper Pt + Pd + Au Width in metres
---------- -------- ------------ ---------------
MTR-8 0.43 0.63 46.5 m
MTR-10 0.37 0.48 134.0 m
MTR-11 0.58 0.78 73.7 m
MTR-3 0.51 0.55 45.0 m
MTR-4 0.94 1.07 54.0 m
MT-02-13 0.64 1.02 85.0 m
MTR-1 0.72 0.99 72.0 m
and 0.46 0.83 14.0 m
and 0.54 0.71 48.0 m
Some of the better reported drill results from the Maricela -
San Pablo Zone are also set out below. In, in many cases, the
entire width of the Zone appears not to have been tested due to
poor or no core recovery in the uppermost 10-15 metres of each
hole. Of the drill core assayed, true widths of the mineralized
horizon are estimated to be in the order of 70% of the reported
drill intercepts.
grams/tonne Intercept width
Drill Hole No. % Copper Pt + Pd + Au in metres
-------------- -------- ------------ ---------------
M-01-01 0.34 0.48 110.5 m
M-01-03 0.46 0.64 80.5 m
M-01-04 0.36 0.55 127.4 m
SPD-02-01 0.47 0.45 59.0 m
The soil geochemical expression of the Maricel - San Pablo Zone
is characteristically in the order of 1,000 to greater than 10,000
ppm copper, 100 to 376 parts per billion ("ppb") platinum, 100 to
1,185 ppb palladium and 100 to 376 ppb gold.
Some of the reported machine trench results from the El Pochote
Zone are:
grams/tonne
Trench No. % Copper Pt + Pd + Au Width in metres
---------- -------- ------------ ---------------
EPT-02-03 0.51 0.80 60.8 m
EPT-02-01 0.51 0.72 63.0 m
Two down-dip oriented drill holes on the north margin of the
Zone (which still intersected anomalous copper and PGM
mineralization) failed to properly test these exciting trench
results.
The soil geochemical expression of the El Pochote Zone is in the
range of 1,000 to greater than 6,200 ppm copper, 100 to 385 ppb
platinum, 100 to 294 ppb palladium and 100 to 248 ppb gold.
A series of interpretative maps with the historic trench and
drill hole results, and an interpretation of the new and historic
soil geochemical anomalies, will be posted to the Company's website
later this week. The re-processed airborne geophysical survey
electromagnetic/resistivity and magnetic data and the recently
completed geological mapping is being integrated with the historic
data base in order to prioritize targets before diamond drilling
commences. The historic trench and drill results reported herein
are available in numerous SEDAR filings under the profile of Santoy
Resources Ltd. (the most recent previous operator of the Tropico
Project). The soil geochemical samples were trucked to Guadalajara,
Mexico and prepared by Acme Analytical Laboratories Ltd. The final
analyses 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.
The Tropico Project will be drill ready by early February. An
initial program of 10,000 metres is proposed. The Company expects
to be in receipt of the requisite environmental permits from the
Mexican Government (SEMANART) within the next week.
In order to focus on the Tropico Project, the Company is
terminating its efforts to assemble a portfolio of exploration
properties in the Yukon and is withdrawing from the Karma (Tathe)
Option Agreement (refer to news releases June 22 and November 2,
2010). The Karma claims are being returned to the original vendor
in return for $26,700, cancellation of the one million shares
issued for the acquisition, subject to regulatory approval, and
other considerations.
The Qualified Person responsible for the content of this news
release, as defined by Canada Securities National Instrument
43-101, is the Company president and chief executive officer, J. R.
Allan, P. Geol.
ON BEHALF OF THE BOARD OF DIRECTORS OF SKEENA RESOURCES
LIMITED
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.
Contacts: Skeena Resources Limited Tony Perri Investor
Relations, Manager 604-684-8725 604-669-2543 (FAX)
tperri@skeenaresources.com www.skeenaresources.com Wani Capital
Raju Wani 403-240-0555
Skeena Resources (TSXV:SKE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Skeena Resources (TSXV:SKE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024