Eagle Plains & SKRR Exploration Announce 2022 Winter Drilling Program at Olson Gold Project, Saskatchewan
Eagle Plains & SKRR Exploration Announce 2022
Winter Drilling Program at Olson Gold Project,
Saskatchewan
VANCOUVER, BC
,
Jan. 27, 2022
/CNW/ -
Eagle Plains Resources Ltd.
(TSXV: EPL)
("Eagle Plains")
and
SKRR
Exploration Inc.
(TSXV: SKRR) (FSE: B04Q
)
are pleased to announce that crews and equipment have been
mobilized to EPL's 100%-owned
Olson
property (the "
Property
") to commence a 10-hole,
1850m
(6000') diamond
drilling program. SKRR may earn up to a 75% interest in the Property over three years. The Property area covers
5,712 ha located within the
Trans Hudson Corridor
100 km east of
La Ronge, Saskatchewan
and 80km south of
SSR Mining's Seabee Gold Operation.
2022 Drill Program
The current program will follow up on results from the EPL/SKRR 18-hole,
2981 m
(9778') drill program completed
in Fall 2020 and the 12-hole,
1674m
(5492') drill program completed in Winter 2021. The 2020/21 programs were
successful in defining significant gold mineralization at known but underexplored target areas as well as identifying
new mineralized zones at the previously undrilled
Michaels Lake
and
Ackbar
Target Areas (see SKRR's News
Releases dated
February 4, 2021
, and
March 25
, 2021 and
May 6, 2021
). The current 10-hole,
1850m
(6000')
2022 drill program is designed to further test gold mineralization at the
Olson,
Ackbar Lake
, Carina
and
Michael's
Lake
Zones.
See Olson
regional map
here:
https://skrr.ca/projects/olson/
2022 Target Areas:
Olson:
Drilling at the Olson Target Area is designed to complete a series of step-out drill holes along strike and along dip
from previous mineralized intersections at the Olson Zone.
Previous highlights include:
OL20017:
19.94 @1.19 g/t Au
(130.46-
150.40m
), including
1.23 @ 9.64 g/t Au
(140.65-
141.88m
)
OL21025:
13.1m
@ 0.89 g/t Au
(
32.22m
–
45.32m
),
OL21026:
29.44m
@ 1.30 g/t Au
(
105.04m
–
134.48m
), including
0.78m
@ 14.55 g/t Au
(
126.45m
–
127.23m
)
Ackbar Lake
:
Drilling at the Ackbar Lake area is designed to test a broad magnetic anomaly positioned perpendicular to known
shears. Soil geochemistry surveys from the area returned highly anomalous Au-in-soil results that correlate well with
mapped geology.
Previous highlights include:
OL21029
:
8.12 m
@ 0.75 g/t Au
(98.00-
106.12m
), including:
1.40m
@ 2.39 g/t Au
(101.75-
103.20m
)
Michaels Lake:
The Michaels Lake Target has been tested by two drill holes completed in 2020 and 2021. The holes were
unsuccessful in intersecting the contact between Brownell Lake Group metasediments and the Brownell Lake
Pluton. This favourable contact is known to host broad zones of anomalous gold mineralization at the Point showing
to the south. The 2022 program is designed to adequately test the stratigraphic contact and correlating geophysical
IP conductivity anomaly.
Previous highlights from Michaels Lake include:
OL20018:
6.46m
@ 0.77g/t Au
(158.00-
164.46m
), including
1.12m
@ 2.85 g/t Au
(161.97-
163.09m
).
Carina:
The Carina target was last drilled in 1987. Historic drill results show significant gold concentrations at the contact
between and overlying metasedimentary and underlying metabasalt packages. The 2022 program is designed to
test strike-length continuity of historic intersections.
Historic highlights from the Carina target area include:
DDH 87-3:
5.77m
@ 1.52 g/t Au
(38.41-
44.18m
)
DDH 87-10:
6.64m
@ 1.92 g/t Au
(46.65-
53.29m
), including
3.51m
@ 3.04 g/t Au
(47.56-
51.07m
)
Some of the above results and information were taken directly from historic assessment reports filed with the
Saskatchewan Government. Management cautions that historical results were collected and reported by past
operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work in
the Olson Property area.
See Olson
maps and drill collar locations here:
https://skrr.ca/eagle-plains-skrr-announce-2022-winter-drilling-program-at-olson-gold-project-saskatchewan/
Tim Termuende
, P.Geo., President and CEO of Eagle Plains commented recently on the results: "
We are extremely
encouraged by results obtained from SKRR's most aggressive exploration to date. The presence of significant
gold mineralization in numerous areas of the Olson property speaks to the high overall exploration potential of the
property and its rich mineral endowment.
We look optimistically forward to results from this latest round of drilling
activity."
Sherman Dahl
, CEO, SKRR Exploration stated: "
As we begin our 2022 drill program at Olson, it is clear
that the well-known Trans Hudson Corridor mining district still contains zones of substantial high-grade
mineralization. Based on the drilling we completed in 2021 and subsequent surface exploration which is
now ongoing, it is our belief that we are only just beginning to scratch the surface here and extensive
further work will be required before we can begin to understand the scale of the mineralized zones at The
Olson Gold Project."
Olson Project Summary
The Olson project area overlies regionally sheared, highly strained meta-volcanic and intrusive rocks which are
considered to be prospective for orogenic gold mineralization. The property is host to 29 mineral occurrences
defined by historical geological mapping, prospecting, trenching and
4700 m
of diamond drilling, with the last drilling
reported in 2008. Historical drilling at Olson Lake has intersected
7.5 m
grading 2.07 g/t Au including 13.00 g/t Au
over
0.65 m
, and grab samples of up to 105.52 g/t Au have been collected at the Kalix occurrence. 2018-2019
fieldwork completed by Eagle Plains and a previous partner consisted of a detailed compilation of historical data,
geological mapping, soil geochemical work and prospecting. The fall 2020 drill program at the Olson intersected
significant gold mineralization including new discoveries at the previously undrilled
Point
,
Jena
and
Michael's Lake
Zones, high grade mineralization in a step out hole at the historic
Olson
showing and wide intercepts of near
surface mineralization at the
Siskin
Zone. The project is considered to be significantly underexplored, with known
gold occurrences open at depth and along strike.
Some results are historical in nature and have not been confirmed by Eagle Plains/SKRR but are considered to be
reliable and will form a basis for ongoing work.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by
Ross
McElroy P.Geol
, a director of the Company and a "Qualified Person" as defined in National Instrument 43-101 –
Standards of Disclosure
for Mineral Projects
. Mr. McElroy verified the data disclosed (unless indicated otherwise)
which includes a review of the sampling, analytical and test data underlying the information and opinions contained
therein.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious metal explorer with properties in
Saskatchewan
- one of the world's highest
ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in
Saskatchewan
in
search of world class precious metal deposits. The Trans-Hudson Orogen - although extremely well known in
geological terms has been significantly under-explored in
Saskatchewan
. SKRR is committed to all stakeholders
including shareholders, all its partners and the environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
.
Forward-Looking Information
This news release contains "forward–looking information or statements" within the meaning of applicable securities
laws, which may include, without limitation, statements that address the Olson Property drill program and the
expected outcomes, other statements relating to the technical, financial and business prospects of the Company, its
projects and other matters. All statements in this news release, other than statements of historical facts, that
address events or developments that the Company expects to occur, are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially
from those in the forward-looking statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the environment in which the Company will
operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment
and personnel to carry out work programs, that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and when needed and on reasonable terms. Such
forward-looking information reflects the Company's views with respect to future events and is subject to risks,
uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration
results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and
development and cost estimates and the potential for unexpected costs and expenses and including those filed
under the Company's profile on SEDAR at
www.sedar.com
. There is a possibility that future exploration,
development or mining results will not be consistent with the Company's expectations. Factors that could cause
actual results to differ materially from those in forward looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market or business conditions, adverse weather or climate
conditions, decrease in the price of gold and other metals, equipment failures or failure to obtain the necessary
equipment, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-
19 or other viruses and diseases on the Company's ability to operate, failure to maintain community acceptance
(including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual
obligations. The Company does not undertake to update forward–looking statements or forward–looking
information, except as required by law.
SOURCE
SKRR EXPLORATION INC.
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For further information:
Sherman Dahl, President & CEO, Tel: 250-558-8340
CO: SKRR EXPLORATION INC.
CNW 03:00e 27-JAN-22