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Skeena Intersects Thick Intercept Grading 9.12 g/t AuEq over 49.60 metres within the 21C Zone Development Buffer at Eskay Creek

ID: 1563927
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(businesspress24) -
Vancouver, BC (January 19, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (Skeena or the Company - https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ ) is pleased to report additional diamond drill core results from the Phase 1 and Phase 2 combined campaigns of definition and exploration drilling at the Eskay Creek Project (Eskay Creek or the Project) located in the Golden Triangle of British Columbia. The Phase 2 infill program, focused upon resource category conversions for the Pre-Feasibility Study (PFS) on open-pit constrained resources, is now complete. Six drill rigs are now active at the Project performing near-mine exploration. Reference images are presented at the end of this release as well as on the Companys website.

Eskay Creek Infill Drilling Highlights 21B and 21C Zones
- 3.18 g/t Au, 27 g/t Ag (3.54 g/t AuEq) over 40.50 m (SK-20-492)
- 4.67 g/t Au, 35 g/t Ag (5.14 g/t AuEq) over 21.50 m (SK-20-493)
- 4.73 g/t Au, 67 g/t Ag (5.63 g/t AuEq) over 22.80 m (SK-20-563)
- 5.69 g/t Au, 151 g/t Ag (7.70 g/t AuEq) over 22.11 m (SK-20-584)
- 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m (SK-20-579)

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Length weighted AuEq composites are constrained by geological considerations. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.

Thick High-Grade Intersection within 21C Zone Development Buffer
The completed Phase 2 infill program was designed to convert Inferred resources to Indicated and Measured categories; results are encouraging and continue to demonstrate the high tenor of the proposed Eskay Creek open-pit mine. Most notably, the intersection of 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m in the 21C Zone (SK-20-579) is within the 25 m development buffer around historic workings that Skeena was previously restricted from drilling. Mineralization here is hosted largely in footwall rhyolite flows and breccias with a short interval of lessor grade contained within the hanging wall Contact Mudstone. The drill hole pierced historical backfilled workings (at 158.00-159.50 m) which was incorporated as zero grade dilution within the reporting of the length-weighted composite, above.



Approximately 200 m to the east in the 21B Zone, unexpected remnant mineralization, left by the previous operator, was intersected in the Contact Mudstone in the immediate hanging wall to a backfilled stope as demonstrated by 13.32 g/t AuEq over 2.61 m (SK-20-563). In the footwall to the same stope, additional high-grade was expected in the rhyolite and was confirmed by a thick intersection grading 5.63 g/t AuEq over 22.80 m. This corroborates the existing rhyolite-hosted inferred resources.
Overall, the incoming results from the Phase 2 infill drilling program continue to validate the predicted and modelled Inferred mineralization which was informed by widely spaced historical drill holes in the Skeena 2019 Mineral Resource Estimate (MRE).

About Skeena
Skeena Resources Limited is a mining exploration company focused on developing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a robust Preliminary Economic Assessment in late 2019 and is currently focused on infill and exploration drilling at Eskay Creek to advance the project to Prefeasibility. Skeena is also exploring the past-producing Snip gold mine.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

Contact Information
Investor Inquiries: info(at)skeenaresources.com
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch


Qualified Persons
Exploration activities at the Eskay Creek Project are administered on site by the Companys Exploration Managers, Raegan Markel, P.Geo. and Adrian Newton, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration and Resource Development, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting the exploration activities on its projects.

Quality Assurance - Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Companys Qualified Person, Paul Geddes, P.Geo, Vice President Exploration and Resource Development.

Drill core samples are submitted to ALS Geochemistrys analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 1 kg is pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 50 g fire assay fusion with gravimetric finish. Analysis for silver is by 50 g fire assay fusion with gravimetric finish with a lower limit of 5ppm and upper limit of 10,000 ppm. Samples with silver assays greater than 10,000 ppm are re-analyzed using a gravimetric silver concentrate method. A selected number of samples are also analyzed using a 48 multi-element geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS) and also for mercury using an aqua regia digest with Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) finish. Samples with sulfur reporting greater than 10% from the multi-element analysis are re-analyzed for total sulfur by Leco furnace and infrared spectroscopy.

Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute forward looking information and forward looking statements within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet managements expectations. Forward-looking statements and information may be identified by such terms as anticipates, believes, targets, estimates, plans, expects, may, will, could or would. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Table 1: Eskay Creek Project 2020 Length-Weighted Drill Hole Gold and Silver Composites

Hole-IFrom To (m)Core Au Ag AuEq (Zone Phase
D (m) Length (g/ (g/t)g/t)
t)
(m)
SK-20-142.00182.5040.50 3.1827 3.54 21B PHASE
492 2

Inclu143.24144.000.76 8.89214 11.74 21B PHASE
ding 2

and 144.00145.001.00 11.1229 14.15 21B PHASE
0 2

and 160.50162.001.50 11.410 11.58 21B PHASE
5 2

SK-20-146.00167.5021.50 4.6735 5.14 21B PHASE
493 2

Inclu149.15150.100.95 12.1224 15.09 21B PHASE
ding 0 2

and 152.00152.600.60 11.390 12.55 21B PHASE
5 2

and 152.60153.290.69 10.076 11.06 21B PHASE
5 2

and 153.29154.170.88 21.5110 22.97 21B PHASE
0 2

and 154.17155.000.83 13.942 14.51 21B PHASE
5 2

SK-20-174.00179.895.89 1.218 1.31 21B PHASE
493 2

SK-20-146.00147.001.00 2.3545 2.95 21B PHASE
495 2

SK-20-152.50165.0012.50 2.796 2.87 21B PHASE
495 2

Inclu157.00158.501.50 12.0<5 12.05 21B PHASE
ding 5 2

SK-20-174.00182.008.00 1.146 1.22 21B PHASE
495 2

SK-20-159.75162.502.75 2.007 2.09 21B PHASE
496 2

SK-20-169.50177.508.00 2.816 2.89 21B PHASE
496 2

SK-20-142.25144.141.89 3.31162 5.47 21C PHASE
508 1

SK-20-149.02150.071.05 0.745 0.81 21C PHASE
508 1

SK-20-153.57156.502.93 0.877 0.95 21C PHASE
508 1

SK-20-138.51141.943.43 1.20273 4.85 21C PHASE
509 2

Inclu140.14140.940.80 1.87651 10.55 21C PHASE
ding 2

SK-20-146.00156.5010.50 0.945 1.01 21C PHASE
509 2

SK-20-162.65165.002.35 1.445 1.51 21C PHASE
509 2

SK-20-185.00189.444.44 0.735 0.80 21C PHASE
509 2

SK-20-194.00200.006.00 5.9044 6.48 21C PHASE
509 2

Inclu196.50197.340.84 19.3108 20.79 21C PHASE
ding 5 2

and 197.34198.501.16 13.0131 14.80 21C PHASE
5 2

SK-20-95.78 97.00 1.22 0.599 0.71 21C PHASE
510 2

SK-20-136.00160.5024.50 1.3995 2.66 21C PHASE
510 2

Inclu140.00140.640.64 4.252130 32.65 21C PHASE
ding 2

and 140.64141.270.63 3.73553 11.10 21C PHASE
2

SK-20-139.31144.505.19 1.5413 1.71 21C PHASE
511 1

SK-20-149.33152.002.67 0.898 0.99 21C PHASE
511 1

SK-20-155.05159.504.45 0.745 0.81 21C PHASE
511 1

SK-20-164.00168.504.50 1.375 1.43 21C PHASE
511 1

SK-20-173.00181.008.00 1.715 1.78 21C PHASE
511 1

SK-20-129.50131.001.50 0.815 0.88 21C PHASE
512 2

SK-20-139.50141.001.50 0.2675 1.26 21C PHASE
512 2

SK-20-147.00148.501.50 0.5710 0.70 21C PHASE
512 2

SK-20-162.50179.0016.50 1.735 1.80 21C PHASE
512 2

SK-20-135.20142.307.10 2.5192 3.74 21C PHASE
513 1

SK-20-150.60161.0010.40 2.645 2.70 21C PHASE
513 1

SK-20-165.50182.5017.00 2.525 2.58 21C PHASE
513 1

SK-20-143.00147.004.00 0.736 0.81 21C PHASE
514 2

SK-20-152.00153.021.02 0.696 0.77 21C PHASE
514 2

SK-20-157.00160.003.00 1.035 1.10 21C PHASE
514 2

SK-20-168.50174.506.00 0.975 1.03 21C PHASE
514 2

SK-20-179.00180.501.50 1.815 1.88 21C PHASE
514 2

SK-20-187.00188.501.50 0.725 0.79 21C PHASE
514 2

SK-20-139.14143.854.71 9.3513 9.53 21C PHASE
515 1

Inclu139.14140.000.86 41.315 41.50 21C PHASE
ding 0 1

SK-20-154.50162.007.50 0.925 0.98 21C PHASE
515 1

SK-20-167.91183.5015.59 2.975 3.03 21C PHASE
515 1

SK-20-192.50196.754.25 0.645 0.71 21C PHASE
515 1

SK-20-149.07164.0014.93 1.786 1.85 21C PHASE
516 2

SK-20-170.00191.5021.50 1.525 1.59 21C PHASE
516 2

SK-20-139.75144.975.22 4.2356 4.98 21C PHASE
517 1

Inclu139.75140.330.58 16.8133 18.57 21C PHASE
ding 0 1

SK-20-151.65154.002.35 1.235 1.29 21C PHASE
517 1

SK-20-163.80181.0017.20 2.016 2.10 21C PHASE
517 1

SK-20-139.12145.556.43 5.6380 6.69 21C PHASE
518 2

Inclu141.00142.001.00 11.4202 14.09 21C PHASE
ding 0 2

and 142.00143.001.00 12.2103 13.57 21C PHASE
0 2

SK-20-151.32153.752.43 0.907 1.00 21C PHASE
518 2

SK-20-168.00175.007.00 3.245 3.31 21C PHASE
518 2

SK-20-182.00183.001.00 0.965 1.03 21C PHASE
518 2

SK-20-188.00189.001.00 2.115 2.18 21C PHASE
518 2

SK-20-140.49146.255.76 1.5524 1.87 21C PHASE
519 2

SK-20-154.50162.007.50 1.395 1.46 21C PHASE
519 2

SK-20-168.35181.0012.65 2.075 2.14 21C PHASE
519 2

SK-20-185.50191.506.00 0.895 0.96 21C PHASE
519 2

SK-20-127.50134.166.66 4.0155 4.74 21C PHASE
520 2

Inclu131.00132.051.05 12.9170 15.22 21C PHASE
ding 5 2

SK-20-142.80148.525.72 2.27291 6.16 21C PHASE
520 2

Inclu143.98144.870.89 8.101785 31.90 21C PHASE
ding 2

SK-20-119.26123.404.14 3.7089 4.88 21C PHASE
521 2

Inclu119.26120.000.74 12.0142 13.94 21C PHASE
ding 5 2

SK-20-131.78144.4012.62 0.7842 1.34 21C PHASE
521 2

SK-20-145.22148.423.20 3.67393 8.91 21C PHASE
522 2

Inclu146.49147.000.51 11.92060 39.37 21C PHASE
ding 0 2

SK-20-152.50158.005.50 4.808 4.90 21C PHASE
522 2

Inclu156.00157.001.00 15.5<5 15.50 21C PHASE
ding 0 2

SK-20-138.51145.757.24 1.65374 6.64 21C PHASE
523 2

Inclu138.51139.250.74 3.871140 19.07 21C PHASE
ding 2

and 139.25140.100.85 4.44457 10.53 21C PHASE
2

and 140.89141.700.81 1.86648 10.50 21C PHASE
2

SK-20-111.03122.1911.16 2.6231 3.03 21C PHASE
524 2

Inclu114.00115.501.50 13.121 13.38 21C PHASE
ding 0 2

SK-20-129.20142.9213.72 1.1295 2.38 21C PHASE
524 2

SK-20-153.09157.003.91 3.9610 4.09 21C PHASE
524 2

Inclu154.09155.121.03 9.996 10.07 21C PHASE
ding 2

SK-20-130.25140.009.75 1.08212 3.91 21C PHASE
525 2

Inclu134.00135.001.00 1.511905 26.91 21C PHASE
ding 2

SK-20-143.60159.3015.70 3.806 3.87 21C PHASE
525 2

Inclu145.00146.501.50 14.75 14.82 21C PHASE
ding 5 2

and 146.50147.200.70 11.715 11.90 21C PHASE
0 2

SK-20-143.25149.005.75 1.41156 3.49 21C PHASE
526 1

SK-20-127.38142.2514.87 1.2535 1.71 21C PHASE
527 2

SK-20-146.72160.0013.28 4.778 4.88 21C PHASE
527 2

Inclu149.00150.051.05 10.510 10.68 21C PHASE
ding 5 2

and 150.05151.351.30 12.18 12.21 21C PHASE
0 2

and 159.00160.001.00 16.219 16.45 21C PHASE
0 2

SK-20-137.50143.005.50 0.3536 0.83 21C PHASE
528 2

SK-20-147.00148.001.00 1.405 1.47 21C PHASE
528 2

SK-20-139.00143.634.63 1.2214 1.40 21C PHASE
529 1

SK-20-150.90169.0018.10 1.655 1.72 21C PHASE
529 1

SK-20-173.50176.503.00 1.215 1.28 21C PHASE
529 1

SK-20-133.00134.401.40 0.795 0.86 21C PHASE
530 2

SK-20-142.00146.504.50 0.768 0.86 21C PHASE
530 2

SK-20-151.75169.5017.75 0.915 0.98 21C PHASE
530 2

SK-20-175.50178.503.00 0.967 1.05 21C PHASE
530 2

SK-20-136.16140.244.08 0.7037 1.19 21C PHASE
531 1

SK-20-154.43156.291.86 0.855 0.91 21C PHASE
531 1

SK-20-163.50175.5012.00 1.525 1.58 21C PHASE
531 1

SK-20-137.80142.504.70 1.335 1.40 21C PHASE
532 1

SK-20-135.22142.907.68 0.6212 0.78 21C PHASE
533 2

SK-20-153.50180.0026.50 1.025 1.09 21C PHASE
533 2

SK-20-133.22135.502.28 0.5959 1.37 21C PHASE
534 1

SK-20-150.50177.5027.00 1.035 1.10 21C PHASE
534 1

SK-20-133.30134.501.20 0.2777 1.30 21C PHASE
535 2

SK-20-139.07141.152.08 0.5011 0.65 21C PHASE
535 2

SK-20-152.00165.5013.50 0.925 0.99 21C PHASE
535 2

SK-20-169.50175.005.50 1.345 1.41 21C PHASE
535 2

SK-20-133.00138.825.82 1.6358 2.39 21C PHASE
536 2

SK-20-148.00170.5022.50 1.455 1.52 21C PHASE
536 2

SK-20-175.00178.003.00 0.845 0.90 21C PHASE
536 2

SK-20-132.20138.005.80 0.48121 2.10 21C PHASE
537 2

SK-20-146.00173.0027.00 1.646 1.71 21C PHASE
537 2

SK-20-125.57137.0011.43 0.647 0.73 21C PHASE
539 1

SK-20-150.50155.004.50 2.155 2.22 21C PHASE
539 1

SK-20-122.00129.007.00 0.665 0.73 21C PHASE
540 2

SK-20-134.00135.501.50 0.785 0.85 21C PHASE
540 2

SK-20-147.50170.0022.50 1.495 1.56 21C PHASE
540 2

SK-20-223.50234.0010.50 2.2939 2.81 21C PHASE
541 2

Inclu224.61225.410.80 14.442 14.96 21C PHASE
ding 0 2

SK-20-170.47176.005.53 0.33119 1.91 21C PHASE
542 2

SK-20-158.00161.523.52 0.60137 2.42 21C PHASE
543 2

SK-20-171.73176.204.47 0.3829 0.77 21C PHASE
543 2

SK-20-183.72187.503.78 1.055 1.11 21C PHASE
543 2

SK-20-207.00221.0014.00 1.3622 1.65 21C PHASE
543 2

SK-20-226.50229.002.50 0.906 0.98 21C PHASE
543 2

SK-20-183.00186.503.50 7.945 8.01 21C PHASE
544 2

SK-20-210.50224.0013.50 1.159 1.27 21C PHASE
544 2

SK-20-180.00188.338.33 3.385 3.44 21C PHASE
545 2

SK-20-211.90225.0013.10 0.8610 0.99 21C PHASE
545 2

SK-20-231.50233.802.30 0.905 0.97 21C PHASE
545 2

SK-20-111.00118.957.95 1.2025 1.53 21B PHASE
546 2

SK-20-124.35125.601.25 1.4620 1.73 21B PHASE
546 2

SK-20-112.37122.119.74 7.64191 10.18 21B PHASE
547 2

Inclu114.25115.000.75 6.70429 12.42 21B PHASE
ding 2

and 118.39118.970.58 17.91025 31.62 21B PHASE
5 2

and 121.04122.111.07 23.5131 25.25 21B PHASE
0 2

SK-20-104.50112.568.06 1.4152 2.10 21B PHASE
548 2

Inclu106.16106.660.50 2.94568 10.51 21B PHASE
ding 2

SK-20-104.50108.413.91 2.7128 3.08 21B PHASE
549 2

SK-20-112.87118.305.43 1.6643 2.23 21B PHASE
549 2

SK-20-107.00109.002.00 0.3944 0.98 21B PHASE
550 2

SK-20-109.40120.2710.87 2.04163 4.22 21B PHASE
551 2

Inclu110.25110.750.50 5.822660 41.29 21B PHASE
ding 2

SK-20-101.00116.8515.85 1.60120 3.19 21B PHASE
552 2

SK-20-146.25163.0416.79 0.7757 1.53 21C PHASE
554 2

SK-20-193.50197.003.50 1.827 1.91 21C PHASE
554 2

SK-20-201.00202.781.78 0.775 0.84 21C PHASE
554 2

SK-20-148.80153.955.15 0.7010 0.83 21C PHASE
555 2

SK-20-162.00167.805.80 0.945 1.00 21C PHASE
555 2

SK-20-195.25209.2013.95 3.0916 3.30 21C PHASE
555 2

SK-20-137.00141.004.00 2.4418 2.68 21B PHASE
556 2

SK-20-145.70172.0026.30 2.7723 3.08 21B PHASE
556 2

Inclu145.70147.001.30 9.44153 11.48 21B PHASE
ding 2

and 161.50162.501.00 11.647 12.23 21B PHASE
0 2

SK-20-133.19146.0012.81 0.8141 1.36 21B PHASE
557 2

SK-20-151.09152.501.41 0.598 0.70 21B PHASE
557 2

SK-20-158.63185.0026.37 1.6023 1.90 21B PHASE
557 2

SK-20-132.60147.0014.40 2.5612 2.73 21B PHASE
558 2

Inclu134.16134.720.56 19.244 19.79 21B PHASE
ding 0 2

and 134.72135.280.56 15.57 15.64 21B PHASE
5 2

SK-20-159.96161.421.46 0.7117 0.94 21B PHASE
558 2

SK-20-172.00186.0014.00 0.906 0.98 21B PHASE
558 2

SK-20-134.00137.853.85 3.5712 3.73 21B PHASE
559 2

SK-20-142.00145.003.00 2.0250 2.68 21B PHASE
559 2

SK-20-157.00171.0014.00 2.4710 2.60 21B PHASE
559 2

SK-20-133.56140.807.24 0.81109 2.26 21B PHASE
560 2

Inclu138.24139.501.26 2.32587 10.15 21B PHASE
ding 2

SK-20-153.50155.001.50 0.635 0.70 21B PHASE
560 2

SK-20-160.00171.5011.50 1.7517 1.98 21B PHASE
560 2

SK-20-185.00189.004.00 4.4060 5.20 21B PHASE
560 2

SK-20-137.50141.924.42 2.0530 2.44 21B PHASE
562 2

SK-20-149.95166.5016.55 2.1819 2.43 21B PHASE
562 2

SK-20-137.57140.182.61 4.13689 13.32 21B PHASE
563 2

Inclu138.50139.501.00 6.091745 29.36 21B PHASE
ding 2

SK-20-144.20167.0022.80 4.7367 5.63 21B PHASE
563 2

Inclu144.20145.271.07 22.4286 26.21 21B PHASE
ding 0 2

and 145.27146.250.98 23.2918 35.44 21B PHASE
0 2

and 146.25147.251.00 12.084 13.17 21B PHASE
5 2

SK-20-139.82147.007.18 0.756 0.84 21B PHASE
564 2

SK-20-154.50165.0010.50 2.2910 2.43 21B PHASE
564 2

SK-20-134.50137.002.50 12.424 12.74 21B PHASE
565 1 2

Inclu136.08137.000.92 27.510 27.63 21B PHASE
ding 0 2

SK-20-140.50164.5024.00 0.757 0.84 21B PHASE
565 2

SK-20-169.00185.5016.50 2.1910 2.33 21B PHASE
565 2

Inclu170.50172.001.50 9.7023 10.01 21B PHASE
ding 2

SK-20-136.50138.491.99 1.0617 1.29 21B PHASE
566 2

SK-20-141.68164.0022.32 1.5340 2.05 21B PHASE
566 2

Inclu141.68142.400.72 1.24863 12.75 21B PHASE
ding 2

SK-20-149.00150.751.75 9.61322 13.91 21C PHASE
571 2

Inclu149.94150.750.81 14.4549 21.72 21C PHASE
ding 0 2

SK-20-154.00157.323.32 0.8754 1.58 21C PHASE
571 2

Inclu168.15169.000.85 7.012200 36.34 21C PHASE
ding 2

SK-20-158.60165.006.40 2.577 2.67 21C PHASE
573 2

SK-20-169.10171.502.40 0.807 0.89 21C PHASE
573 2

SK-20-194.00198.504.50 1.407 1.49 21C PHASE
573 2

SK-20-132.00137.005.00 1.115 1.17 21C PHASE
574 1

SK-20-151.43155.003.57 1.175 1.23 21C PHASE
574 1

SK-20-134.20136.552.35 5.34222 8.31 21C PHASE
578 2

Inclu134.20134.700.50 5.86916 18.07 21C PHASE
ding 2

SK-20-148.60155.807.20 0.60577 8.30 21C PHASE
578 2

Inclu152.00153.001.00 0.82908 12.93 21C PHASE
ding 2

and 154.00155.001.00 0.52864 12.04 21C PHASE
2

and 155.00155.800.80 1.03953 13.74 21C PHASE
2

SK-20-168.20179.7011.50 6.8933 7.33 21C PHASE
578 2

Inclu168.20169.000.80 8.64138 10.48 21C PHASE
ding 2

and 175.00176.501.50 9.889 10.00 21C PHASE
2

SK-20-184.00202.0018.00 1.2357 1.99 21C PHASE
578 2

SK-20-126.55129.703.15 2.75558 10.19 21C PHASE
579 2

Inclu127.30128.200.90 4.31658 13.08 21C PHASE
ding 2

and 128.20129.201.00 3.14958 15.91 21C PHASE
2

SK-20-141.40191.0049.60 7.17146 9.12 21C PHASE
579 2

Inclu142.45143.000.55 4.98561 12.46 21C PHASE
ding 2

and 151.10152.501.40 1.19755 11.26 21C PHASE
2

and 159.50161.502.00 133.584 140.7921C PHASE
00 2

and 173.35175.001.65 12.614 12.84 21C PHASE
5 2

and 184.70185.500.80 3.921770 27.52 21C PHASE
2

SK-20-209.50215.005.50 1.415 1.47 21C PHASE
579 2

SK-20-128.21132.003.79 0.9322 1.23 21C PHASE
582 2

SK-20-146.00168.5022.50 3.665 3.72 21C PHASE
582 2

Inclu156.50158.001.50 14.2<5 14.25 21C PHASE
ding 5 2

SK-20-180.50185.004.50 1.865 1.92 21C PHASE
582 2

SK-20-106.50108.532.03 2.035 2.10 21B PHASE
583 2

SK-20-112.05119.507.45 0.5972 1.56 21B PHASE
583 2

SK-20-128.50140.7512.25 1.9532 2.37 21B PHASE
583 2

Inclu139.00139.950.95 8.63204 11.35 21B PHASE
ding 2

SK-20-108.69130.8022.11 5.69151 7.70 21B PHASE
584 2

Inclu110.10111.000.90 44.7167 46.93 21B PHASE
ding 0 2

and 111.82112.500.68 11.035 11.52 21B PHASE
5 2

and 112.50113.250.75 17.9396 23.18 21B PHASE
0 2

and 114.09114.740.65 9.891310 27.36 21B PHASE
2

and 126.62127.681.06 23.0309 27.12 21B PHASE
0 2

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Length weighted AuEq composites are constrained by geological considerations. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.

Table 2: Mine Grid Drill Hole Locations and Orientations:

Hole-ID EastinNorthinElevatiLength AzimutDip
g g on (m) h (°)
(m) (m) (m) (°)

SK-20-49 9,877 10,535 986.3 205.0 85.0 -79.1
2 .6 .5


SK-20-49 9,877 10,535 986.8 191.0 135.3 -85.2
3 .6 .5


SK-20-49 9,877 10,535 986.8 191.0 160.0 -79.4
5 .6 .5


SK-20-49 9,877 10,535 985.8 187.0 260.2 -88.3
6 .6 .5


SK-20-50 9,738 10,633 923.6 156.5 97.1 -85.7
8 .1 .7


SK-20-50 9,738 10,633 923.7 227.0 97.1 -81.0
9 .1 .7


SK-20-51 9,738 10,633 923.3 170.0 97.2 -76.5
0 .1 .7


SK-20-51 9,757 10,703 909.9 195.0 88.2 -63.1
1 .3 .6


SK-20-51 9,757 10,703 905.3 190.0 88.2 -58.7
2 .3 .6


SK-20-51 9,757 10,703 912.2 198.0 92.0 -69.1
3 .3 .6


SK-20-51 9,757 10,703 911.9 190.0 100.0 -62.0
4 .3 .6


SK-20-51 9,757 10,703 911.5 198.0 99.9 -70.8
5 .3 .6


SK-20-51 9,757 10,703 911.0 195.0 100.3 -74.7
6 .3 .6


SK-20-51 9,757 10,703 910.4 195.0 104.2 -68.3
7 .3 .6


SK-20-51 9,757 10,703 912.5 190.0 108.3 -65.0
8 .3 .6


SK-20-51 9,757 10,703 910.8 195.0 108.1 -73.4
9 .3 .6


SK-20-52 9,754 10,252 1,015.157.0 100.2 -70.0
0 .1 .5 1


SK-20-52 9,754 10,252 1,015.148.0 106.3 -78.0
1 .1 .5 1


SK-20-52 9,754 10,252 1,014.158.0 129.2 -62.1
2 .1 .5 7


SK-20-52 9,754 10,252 1,014.152.0 130.2 -67.0
3 .1 .5 6


SK-20-52 9,754 10,252 1,015.157.0 130.1 -73.2
4 .1 .5 1


SK-20-52 9,754 10,252 1,015.161.0 130.3 -78.9
5 .1 .5 3


SK-20-52 9,754 10,252 1,014.155.0 140.2 -64.0
6 .1 .5 2


SK-20-52 9,754 10,252 1,014.160.0 149.8 -80.4
7 .1 .5 9


SK-20-52 9,755 10,753 893.6 148.0 61.1 -73.1
8 .3 .6


SK-20-52 9,755 10,753 894.3 185.0 76.2 -67.0
9 .3 .6


SK-20-53 9,755 10,753 892.7 182.0 76.0 -70.1
0 .3 .6


SK-20-53 9,755 10,753 896.1 185.0 80.2 -62.0
1 .3 .6


SK-20-53 9,755 10,753 898.9 147.0 84.0 -80.2
2 .3 .6


SK-20-53 9,755 10,753 892.3 180.0 84.1 -74.0
3 .3 .6


SK-20-53 9,755 10,753 892.6 180.5 89.0 -65.0
4 .3 .6


SK-20-53 9,755 10,753 893.2 180.0 89.8 -70.5
5 .3 .6


SK-20-53 9,755 10,753 892.2 185.0 102.1 -74.1
6 .3 .6


SK-20-53 9,755 10,753 895.8 180.4 105.2 -69.0
7 .3 .6


SK-20-53 9,755 10,753 893.5 155.0 120.0 -78.7
9 .3 .6


SK-20-54 9,755 10,753 892.7 170.0 120.1 -74.9
0 .3 .6


SK-20-54 9,797 10,458 1,002.254.0 90.1 -88.1
1 .8 .7 5


SK-20-54 9,797 10,458 1,004.176.0 90.5 -83.8
2 .8 .7 7


SK-20-54 9,797 10,458 1,005.245.0 173.4 -87.2
3 .8 .7 3


SK-20-54 9,797 10,458 1,005.245.0 173.4 -84.0
4 .8 .7 3


SK-20-54 9,797 10,458 1,005.242.0 173.2 -81.1
5 .8 .7 3


SK-20-54 9,838 10,794 902.5 125.6 43.2 -72.0
6 .8 .7


SK-20-54 9,838 10,794 904.2 125.0 43.0 -77.1
7 .8 .7


SK-20-54 9,838 10,794 904.9 123.0 45.0 -50.9
8 .8 .7


SK-20-54 9,838 10,794 905.9 120.5 50.0 -55.8
9 .8 .7


SK-20-55 9,838 10,794 903.1 120.0 57.6 -67.0
0 .8 .7


SK-20-55 9,838 10,794 903.7 121.0 57.9 -60.2
1 .8 .7


SK-20-55 9,838 10,794 905.7 121.0 61.0 -55.9
2 .8 .7


SK-20-55 9,809 10,565 959.4 210.5 140.3 -81.0
4 .4 .9


SK-20-55 9,809 10,565 959.8 226.0 159.0 -83.0
5 .4 .9


SK-20-55 9,866 10,440 1,012.176.0 115.0 -77.0
6 .5 .1 3


SK-20-55 9,866 10,440 1,011.190.0 115.3 -63.1
7 .5 .1 8


SK-20-55 9,866 10,440 1,011.195.0 120.3 -58.9
8 .5 .1 7


SK-20-55 9,866 10,440 1,010.171.0 120.1 -70.1
9 .5 .1 7


SK-20-56 9,866 10,440 1,010.193.0 125.1 -65.0
0 .5 .1 3


SK-20-56 9,866 10,440 1,010.171.0 135.8 -73.2
2 .5 .1 9


SK-20-56 9,866 10,440 1,010.180.0 136.1 -76.9
3 .5 .1 7


SK-20-56 9,866 10,440 1,010.175.0 136.2 -64.1
4 .5 .1 3


SK-20-56 9,866 10,440 1,010.190.0 136.3 -58.9
5 .5 .1 7


SK-20-56 9,866 10,440 1,011.175.0 145.1 -68.2
6 .5 .1 2


SK-20-57 9,740 10,301 1,014.169.0 345.0 -81.1
1 .2 .5 2


SK-20-57 9,809 10,565 958.1 210.0 115.9 -81.9
3 .4 .9


SK-20-57 9,755 10,753 892.6 155.0 120.2 -79.2
4 .3 .6


SK-20-57 9,761 10,289 1,019.220.0 180.1 -88.0
8 .4 .0 2


SK-20-57 9,761 10,289 1,019.215.0 180.1 -84.0
9 .4 .0 5


SK-20-58 9,755 10,753 891.9 185.0 111.9 -71.8
2 .3 .6


SK-20-58 9,886 10,361 1,013.149.0 102.0 -72.4
3 .9 .8 5


SK-20-58 9,886 10,361 1,013.135.0 150.0 -75.8
4 .9 .8 5

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Date: 01/19/2021 - 16:31
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