Skeena Celebrates Snip Results

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, December 18, 2019

As Christmas rolls in, more and more of us are proving that the best riches are to be found close to home. To Vancouver-based Skeena Resources (TSX-Venture:SKE), it’s not just a corny platitude.

The junior miner announced Wednesday – the week before presents are to be opened -- results from the recently completed Phase I surface exploration drilling program at the 100% owned Snip gold project located in B.C.’s Golden Triangle.

Wednesday’s news release, announcing the glad tidings, went on to say the 2019 surface program consisted of 10 surface drill holes totaling 1,934 metres which expanded exploration of the 200 Footwall Corridor.

Highlights included 1,131.91 grams per ton of gold, over 1.50 m from 249.60 m depth, also encompassing 3,390.00 g/t Au over 0.50 m. Another hole on Snip featured 7.37 g/t Au over 6.65 m from 41.00 m depth, including: 23.40 g/t Au over 1.00 m, and 35.70 g/t Au over 0.50 m.

SKE shares marched ahead four cents, or 6.6%, by noon hour EST on Wednesday, with 74,000 shares changing hands.

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