Skeena Resources Announces Additional Results from Tropico Project

By Joel ScanlonJun 15 2011

Skeena Resources has reported the additional assay results of four holes from its ongoing 5,000 m diamond drilling at its Tropico Project in Mexico.

The company has received assay results from 11 of the 16 holes out of the planned 22 hole initial phase program, totaling 3,756 m, at the layered ultramafic-mafic complex. It has drilled the central part of the Maricela-San Pablo Zone for up to four corresponding 16 m to greater than 60 m thick mineralized pyroxenite horizons that are combined with barren gabbro. This drilling has returned an average 2 g/t silver and 0.2 to 0.5% copper from 0.2 g/t to 0.6 g/t platinum + palladium + gold (PGM). The two pyroxenite bands located at the north area shows high-grade continuity over 2.5 km strike length. In this phase, the two south side horizons are less examined and inferred to boast a continuity over 1.5 km strike length.

The company will conduct further drilling to check for lateral continuity of numerous historic intervals at the Maricela–San Pablo zone. It will drill many short shallow holes to finish cross sections of the complex to test the lower pyroxenite, which is below the cross-section SK11-007 and SK11-008 and below the cross-section SK11-001 and SK11-002.