SKRR Exploration Commences Drilling at the F3 Uranium Clearwater West Uranium Project, Saskatchewan
SKRR Exploration Commences Drilling at the
F3 Uranium Clearwater West Uranium Project,
Saskatchewan
VANCOUVER, BC
,
July 22, 2024
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE:
B04Q) ("
SKRR
" or the "
Company
") is pleased to announce that summer drilling has commenced to
test conductors on the Clearwater West property which is located 13km to the south of Fission
Uranium's Triple R uranium deposit (see SKRR's news release dated
June 18, 2024
).
Clearwater West is an early-stage exploration project prospective for uranium mineralization. The
uranium mineralization model for the Clearwater West property is basement hosted and structurally
controlled
Athabasca
Basin unconformity related deposits.
SKRR has an option to acquire up to a 70% interest in the Clearwater West Project from F3
Uranium Corp. (TSXV: FUU) ("
F3
").
Summary of the Clearwater West Property
The Clearwater West Project is comprised of 3 contiguous mineral claims totaling approximately
11,786 hectares and is located ~20km outside the edge and in the south-west area of the
Athabasca
Basin in
Saskatchewan
. SKRR cautions that past results or discoveries on proximate
lands are not necessarily indicative of the results that may be achieved on the Clearwater West
Project.
Basement hosted
Athabasca
unconformity related deposits often feature unique characteristics that
can be identified by various geophysical surveys. A VTEM survey flown over the property in early
2014 defined electromagnetic (EM) conductors, some of which are interpreted to be possible
extensions of the EM conductors identified on the PLS property immediately to the north.
F3's experienced and successful management and technical team, with a track record of three major
high-grade uranium discoveries in the
Athabasca
Basin region since 2010 (Waterbury Lake project J
Zone, PLS Triple R deposit and most recently the PLN JR Zone) will operate and manage
Clearwater West.
Qualified Person
The scientific and technical contents of this news release have been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 and have been reviewed
and approved by
Michelle McKeough
, M.Sc., P.Geo., President of Terralogic Exploration Inc., a
Qualified Person. Ms. McKeough has verified the data disclosed. The information provides an
indication of the exploration potential of the Clearwater West Project but may not be representative
of expected results.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with properties in
Saskatchewan
–
some 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 uranium, precious, and base 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 relating to the drill
program at the Clearwater West project, statements relating to the technical, financial and business
prospects of the Company, its projects, its goals 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,
risks related to the inherent uncertainty of exploration and cost estimates and the potential for
unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+
at
www.sedarplus.ca
. 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, failure to
secure personnel and equipment for work programs, adverse weather and climate conditions, failure
to obtain or maintain all necessary government permits, approvals and authorizations, decrease in
the price of gold, copper, uranium and other metals, failure to obtain or 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 04:00e 22-JUL-24