|September 26, 2011|
Skeena Reports Final Batch Copper & PGM Assays from Tropico Drilling, Mexico
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
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.
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
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: email@example.com
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