Skeena Resources increases indicated resources 237% at Snip Gold Project

Skeena Resources announced an updated Mineral Resource Estimate for the 100% owned Snip Gold Project located in the Golden Triangle of British Columbia. Effective September 5, the updated MRE incorporates an additional 307 drill holes totaling 46,268 metres, enhancements to the geological interpretation, resource estimation methods, long hole mining method parameters, and updated metallurgical process recoveries. An updated MRE of 823,000 ounces grading 9.35 g/t Au in the Indicated category and 114,000 ounces grading 7.10 g/t Au in the Inferred category, an increase of 579,000 Au ounces in the Indicated Resource, representing a growth of 237% since the 2020 MRE, 2021 and 2022 drilling programs heightened confidence of historical drilling data and improved certainty in continuity of the ore body, metallurgical recovery increased to 96% from 90%. The 307 holes and 46,268 metres of infill drilling defined new zones of mineralization, expanded existing veins laterally, confirmed vein continuity interpretation, and upgraded variogram range confidence.