SKRR Exploration Drill Program Intersects Arsenopyrite Sulphides along with Disseminated Arsenopyrite and Quartz Veining at the Olson Gold Project, Saskatchewan
SKRR Exploration Drill Program Intersects
Arsenopyrite Sulphides along with
Disseminated Arsenopyrite and Quartz Veining
at the Olson Gold Project, Saskatchewan
VANCOUVER, BC
,
Feb. 16, 2022
/CNW/ -
SKRR Exploration Inc.
(TSXV: SKRR) (OTC Pink:
SKKRF) (FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to report intersections of arsenopyrite
bearing sulphides along with disseminated arsenopyrite and quartz veining in the current and ongoing
drill program at the Olson property in the Trans Hudson Corridor, Saskatchewan.
Sherman Dahl
, Chief Executive Officer of SKRR comments:
"The visual indications of mineralization for which assays are pending, are encouraging.
It is important to note the continuation of mineralization, and the indications that this
second drill program at Olson points to an expansion of the known gold zones at Olson."
Drilling is progressing well on the
Olson
gold project located in
Saskatchewan
, 25km west of the
community of
Deschambault Lake
and 80 km south of SSR Mining's Seabee Gold Operation. Five
(5) drill holes have been completed during the current program for a total of
840m
(2,756'), further
defining the
Olson Zone
where 19 holes have been drilled since 1958 in an area of consistently
mineralized rocks. Systematic exploration of the Olson area indicates the presence of a significant
gold-enriched zone interpreted to be orogenic in nature, with encouraging mineralization reported in
all drill holes completed recently. Drilling, core-logging and sampling is currently underway with
analytical results pending. A total of
1890m
in ten (10) holes is planned for the Olson Zone and
other target areas of the property including the
Ackbar, Michaels Lake
and
Carina
zones, with
drilling activity expected to continue into
March 2022
.
The Olson 2022 Winter Drill program Gallery.
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
.
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 and results, the receipt of assays from the Olson
drill program, 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 16-FEB-22