Skeena Resources Limited announced the discovery of a significant zone of near surface, footwall style mineralization, the 23 Zone. This new zone is outside the limits of the Company's current pit- constrained mineral resources at the Eskay Creek gold-silver project ("Eskay Creek" or the "Project") located in the Golden Triangle of British Columbia. Analytical results from the recently completed drill holes are detailed in this release. Situated beyond the extents of the currently defined pit-constrained resources at Eskay Creek, the Company has discovered a new zone of near surface Au-Ag mineralization beginning only 15 m vertically below surface. This new 23 Zone was revealed by Fourth Quarter 2021 drilling as part of the ongoing regional exploration program. Positioned 200 m east of the high-grade 21A Zone, the area was historically drilled from surface by previous operators on widely spaced drill centers. Selective drill hole sampling during this era meant that the discovery of the larger and more robust mineralized widths observed as a result of the 2021 drilling program, were missed historically. This lack of non-continuous historical sampling is evidenced by 2021 drill hole SK-21-947 which intersected 2.14 g/t Au, 14.6 g/t Ag (2.33 g/t AuEq) over 59.91 m only metres away from historical 1990 drill hole CA90-511 which due to non-continuous sampling only reported 1.97 g/t AuEq and 0.84 g/t AuEq over 2.00 and 8.00 m, respectively. Mineralization in the 23 Zone is almost exclusively hosted within dacitic volcanic rocks and to a lesser degree, the overlying Lower Mudstone unit. As such, the Au-Ag tenor is consistent with that observed in footwall mineralization elsewhere on the property (21A, 21B, 21C, 22 Zones). Concentrations of the epithermal suite of elements (As, Hg, Sb) are negligible, as is the case with this style of footwall mineralization across Eskay Creek. Drilling to date indicates a shallow, westerly dipping geometry and the 23 Zone remains open for expansion in all directions. Proximity to surface, in addition to the grades and widths of this evolving zone are a perfect complement to the existing mine plan and potential throughput expansion. Drilling along the southeastern strike extension of the 22 Zone was performed on 50 m spacings. Most notably, 2021 drill hole SK-21-927 intersected 3.39 g/t Au, 4.8 g/t Ag (3.45 g/t AuEq) over 21.55 m
in the Even Lower Mudstone (ELM) approximately 200 metres southeast of the 22 Zone. This broader interval included a visible gold bearing subinterval grading 59.10 g/t Au, 61.5 g/t Ag (59.92 g/t AuEq) over 0.65 m and 19.55 g/t Au, 7.4 g/t Ag (19.65 g/t AuEq) over 0.95 m. Gold in soil anomalies supported by geological considerations were targeted by nine drill holes on the eastern limb of the property. Despite intersecting highly altered host rocks, no significant grades were returned in these specific locations.