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Skeena Commences Drilling at Malpica Copper-Gold Project, Mexico
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Skeena Resources Limited (TSX.V: SKE) is pleased to announce
commencement of a 5,000 metre
Diamond drill program on its optioned
Malpica copper-gold project in Sinaloa State, Mexico (see news release
May 7, 2007 for details of property acquisition).
This 7,718-hectare property, located 40 kilometres east of the
deepwater port of Mazatlan and 20 km east of the Mazatlan International
airport, is well situated with respect to infrastructure, being crossed
by two paved highways and by a major hydro line, and situated within
three kilometres of a rail line. A detailed program of historic data
compilation, grid emplacement, soil geochemical sampling and geologic
mapping commenced in July and is nearing completion. To date, over
4,300 geochemical samples have been obtained from 117 line kilometres
of 100-metre spaced crosslines. The proposed drilling will be directed
at verification and expansion of the non-National Instrument 43-101
inferred resource at the Cerro Pelon and Cerro Tunel tourmaline
breccia-hosted copper-gold zones and at exploration of new geochemical
targets in the immediate vicinity of the historic deposits.
Soil geochemical results indicate three, strong, coincidental
copper-gold anomalies (two of which are also characterized by
pronounced, coincidental Induced Polarization chargeability anomalies
from historic surveys) situated within a few hundred metres of the two
main zones. None of these anomalies have been previously drill tested.
When the property was last explored (by Cambior Inc. in 1996), land
constraints precluded access to these targets.
The Company has contracted Fugro Airborne Surveys Corp. to undertake a
helicopter-borne, multifrequency Dighem electromagnetic and magnetic
survey over the Malpica property. This survey will assist in exploring
those areas covered with a thin mantle of recent volcanics and
prioritization of exploration targets. Permits have now been received
from INEGI and the survey should commence mid-February.
The company is well financed for the current program, the drilling and
a proposed scoping study to be undertaken in the second quarter of
2008.
The qualified person, as defined by National Instrument 43-101,
responsible for review of this news release is Rupert Allan, P.Geol.,
the company's president and chief executive officer.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
"Rupert Allan"
J. R. Allan, P.Geol., President
Cautionary Statement on Forward-Looking Information.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
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Copyright (c) 2008 SKEENA RESOURCES LTD. (SKE) All rights reserved.
For more information visit our website at
http://www.skeenaresources.com/ or send mailto:info@skeenaresources.com
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