A fifth bonanza Silver (Ag)-Lead (Pb)-Zinc (Zn) vein, S6, has been identified and confirmed by assay to contain ma">
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2005

Fifth New Bonanza Silver-Lead Vein S6 Identified Drills on S14 Vein Confirm Bonanza Grades Continue to Depth at Ying Silver Project, Henan Province, China


January 28, 2005

VANCOUVER, BRITISH COLUMBIA--SKN Resources Ltd. ("SKN") is pleased to report that on its Ying Silver Project located in Henan Province:

> A fifth bonanza Silver (Ag)-Lead (Pb)-Zinc (Zn) vein, S6, has been identified and confirmed by assay to contain massive galena sheets (MGS) up to 1.14 metre (m) in thickness with extremely high Ag and Pb grades. Galena is a naturally occurring lead sulphide, frequently associated with silver, which when pure contains 86% lead.
> The most significant interval from the S6 vein contains 3,005 grams per tonne (g/t) or 96.61 ounces per tonne (oz/t) Ag, 58.34% Pb, and 10.31% Zn over 0.2 m.
> Out of 40 known veins on the Ying project, S6 is the fifth vein (in addition to previously reported veins S2, S14, S16E, and S16W) in which high grade MGS is confirmed. The majority of the remaining known veins have yet to be investigated.
> On the S14 vein, the first five drill holes, drilled from the lowest tunnel at 518m elevation, confirm that the MGS in S14 vein extends down to the 440m elevation. The most significant intercept, from drill hole ZK802, is 3,942 g/t or 126.74 oz/t Ag, 49.57% Pb, and 1.91% Zn over 0.62 m.
> Current underground drill and tunneling results on the S14 vein, together with a previously reported surface hole (ZK0816), indicates that the high grade MGS in the S14 vein (average 1,972 g/t Ag or 63.39 oz/t Ag, 46.23% Pb and 3.75% Zn, with an average width of 0.37m) may extend over 390m in the downdip direction and 700m along strike.

S6 Vein
The S6 vein, located between veins S2 and S14 (see tunnel map on www.sknresources.com), was previously mapped by surface trenching and limited tunneling. The vein structure extends northeasterly over 1.16 kilometres (km) and dips steeply to the southwest. The S6 vein was exposed by prior mining tunnels at three elevations: 555m, 535m, and 518m. Limited tunneling and old mining pillars confirm the existence of the MGS in the S6 vein, however, its continuity and extension is poorly understood at present. Further drifting is planned on the S6 vein. Assay results of channel samples are:

Elevation

(m)

Distance South of CM103 intersection

Width (m)

Ag (g/t)

Ag (oz/t)

Pb (%)

Zn (%)

Ag Equiv. (g/t)*

Ag Equiv. (oz/t)*

555

343

1.14

1648

52.98

34.46

6.22

3397

109.23

 

387

0.10

1768

56.84

69.62

1.03

4755

152.87

 

409

0.20

3005

96.61

58.34

10.31

5956

191.50

535

426

0.15

977

31.41

38.57

14.97

3315

106.59

518

306

0.10

706

22.70

9.36

8.24

1492

47.97

 

310

0.10

1144

36.78

35.22

2.03

2727

87.66

 

434

0.10

1342

43.15

17.42

29.02

3455

111.07

Weighted Average

0.27

1652

53.1

36.98

8.16

3600

115.75


* Silver equivalent grade is calculated on the basis of US$6.5/oz Ag, US$0.40/lb for Pb, and US$0.45/lb for Zn

S14 Vein Underground Drilling
Two electric rigs are contracted to conduct underground core drilling on the S14 vein from tunnel at the 518m elevation. The drill program was initially drilled at 40 m centering to test the downdip extension of MGS in the vein (see "S14 vein longitude section" at www.sknresources.com for drill hole locations ). The assay results received for the first five holes are listed below.

Drill hole 

from (m)

to (m)

Interval (m)

Distance South of CM103

Elevation (m)

Ag (g/t)

Ag (oz/t)

Pb (%)

Zn (%)

Ag Equiv. (g/t)*

Ag Equiv. (oz/t)*

ZK1401

39.75

40.55

0.80

228

481

179

5.76

6.13

3.66

611

19.66

ZK804

81.64

82.07

0.43

558

480

3215

103.37

54.37

0.86

5550

178.44

ZK805

72.07

72.46

0.39

583

480

1048

33.69

19.00

1.30

1911

61.46

ZK1402

65.53

65.83

0.30

229

452

1717

55.20

24.70

30.19

4192

134.79

ZK802

90.97

91.59

0.62

569

440

3942

126.74

49.57

1.91

6124

196.91

ZK0816**

255.00

255.30

0.30

537

360

1780

57.23

23.60

3.70

2952

94.89


** Surface hole drilled by previous operator in 2002 . It was sampled and assayed by SKN.

Quality Control
Rock samples were collected by channel sampling the face of the undercut drifts. The channels were usually cut 10 cm wide and 5 cm deep producing a sample weighing approximately 2 kg to 10 kg for each 0.10 to 1.00 m interval depending on the thickness of mineralization.

The drill cores are in NQ size and drill core samples were taken from sawn half core limited by apparent MGS contact.

The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel samples. The samples are shipped directly in security sealed bags to the Langfang Institute of Geochemical and Geophysical Exploration (Certification ISO 9001), a well-regarded analytical laboratory in Langfang, Hebei Province, approximately 60 km from Beijing.

The sample preparation consists of drying, crushing, splitting of the sample to 150 grams, then the sample is pulverized to 200 mesh. Ag, Pb and Zn were analyzed by a 3 hour hot aqua regia digestion on 30 gram samples with an AA finish. Check samples including field duplicates and pulps are routinely sent to ALS Chemex Laboratories in Vancouver Canada for assay accuracy and sample contamination.

Myles Gao, P.Geo, President of SKN, is overseeing the YING exploration program, and is the Qualified Person on the Project and is responsible for overseeing the preparation of this release.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


For further information: SKN RESOURCES LTD., Rui Feng, Chairman & CEO
Phone: (604) 669-9397, Fax: (604) 669-9387, Email: info@sknresources.com, Website: www.sknresources.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

The information posted in news releases was accurate at the time of posting, but may be superseded by subsequent news releases.
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