SKRR Exploration Drill Program Intersects Arsenopyrite Sulphides and Disseminated Arsenopyrite and Quartz Veining
SKRR Exploration Drill Program Intersects
Arsenopyrite Sulphides and Disseminated
Arsenopyrite and Quartz Veining
VANCOUVER, BC
, Oct. 14, 2020 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC:
SKKRF) (FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to report intersections of arsenopyrite
bearing sulphides and 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."
The drill program at the Olson property is advancing well. To date a total of 7 holes totaling
968m
have been completed on 3 separate target areas; Jena/Juba, Point and Tuscan.
Jena/Juba – Twenty surface samples from outcrops taken earlier this summer returned values
>1000 ppb Au, with a maximum of 15.7 g/t Au from quartz arsenopyrite veins (see News
Release
June 02, 2020
). One hole (OL20001) tested beneath the Juba arsenopyrite-bearing
trenches. Two holes (OL20002 and OL0003) tested the south Jena area to test a significant IP
chargeability anomaly with coincident with the northwest dipping contact between a feldspar
porphyry to the east and meta-sediments to the west.
OL20001 was an angle hole, drilled to the SE and completed to a depth of
116m
. The hole
tested a coincident conductive IP geophysics anomaly associated with arsenopyrite bearing
metasedimentary rocks in surface trenches. Formational pyrite and graphite were
encountered in the hole and likely accounted for the IP anomaly. No obvious mineralization
was encountered.
OL20002 was an angle hole oriented to the west and completed to a depth of
152m
. The
hole collared in granodiorite and intersected a sedimentary contact at
76.6m
. Intermittent
intervals of quartz and sulphide (pyrite, arsenopyrite +/- chalcopyrite) mineralized zones
were encountered between
67m
to
76.6m
. The hole continued in sedimentary schist until
103.6m
then back into intrusive rocks (porphyritic monzonite) to
116m
. Well developed
quartz and sulphide mineralization was encountered from
114m
to
116.14m
with 3-10%
arsenopyrite both disseminated and in massive blebs.
OL20003 was an angle hole collared from the same set-up as OL2002 but at 23 degree
azimuth change to the south. The hole collared in granodiorite, encountered a single
sedimentary contact, which had some notable arsenopyrite occurrence, but not the intensity
of mineralization as in the previous hole.
Point – Three angle drill holes (OL20004, OL20005 and OL20006) tested the Point target
where earlier field work this summer identified anomalous soil geochemistry (80 ppb to 2704.6
ppb Au) and prospecting returned assays up to 9.8 g/t Au. All three holes were collared in
granodiorite, and were designed to test for mineralization associated with an interpreted meta-
sedimentary contact projected to be encountered around ~230m depth.
OL20004 was an angle hole oriented to the west and designed to test a projected
sediment contact around
230m
, beneath
Michael Lake
. The hole was collared in
granodiorite and encountered sediments at only
27m
depth. Multiple pods of intrusive rock
were present to
91m
. Arsenopyrite was encountered in every unit from top to bottom of
this hole with the strongest occurrences in the upper
40m
of Granodiorite, present in
disseminated and massive blebs. Significant arsenopyrite (up to 3% disseminated and
massive blebs) was also present within the fine grained meta-pelitic sediments associated
with numerous narrow quartz-chlorite veins, particularly abundant between
114m
to
141m
.
From
146m
to
151m
strong arsenopyrite (2-5%) was present within foliated sediments.
OL20005 was an angle hole collared from the same set-up as OL20004, but at 60 degree
azimuth change to the south. The hole collared in granodiorite which continued to
20.2m
,
after which the sediment contact was encountered. The hole remained in sediments to the
end of hole at
80m
. Abundant disseminated arsenopyrite was encountered in the top
26m
of the hole within granodiorite and dropped off rapidly after
26m
.
OL20006 was an angle hole drilled to the south. The hole was designed to test a series of
stacked mineralized shears within granodiorite where surface rock samples returned up to
3 g/t Au. The hole intersected granodiorite from top to bottom. Trace sulphides were
present throughout, but 2 shear zones with narrow quartz-chlorite veins stand out with
mineralization of 1-5% arsenopyrite;
32.2m
to
62m
and
95m
to
105m
.
Tuscan – drilling at Tuscan is designed to test the east west intrusive contacts observed at the
Tuscan surface showing. Field work from the earlier summer program included prospecting at
Tuscan, where assay results returned peaks up to 45.1 g/t Au.
OL20007 was an angle hole drilled to the south and completed to a depth of
137m
. The
hole collared in granodiorite and intersected the contact with sedimentary rocks at
96.65m
.
A second granodiorite was intersected at
120.75m
. Promising mineralization was
encountered in 2 distinct zones of sulphide mineralization (
100.5m
to
105.8m
and
112.85m
to
115.55m
) with the most significant being the interval from
112.85m
to
115.55m
which
contained semi-massive to massive sulphide mineralization with up to 40% pyrite and 15%
arsenopyrite.
Table 1: Drill Hole Summary
Collar
Hole ID
Zone
Azimuth
Dip
Total Depth
(m)
OL20001
Juba
135
-45
116
OL20002
Jena
310
-45
152
OL20003
Jena
287
-45
137
OL20004
Point
280
-45
209
OL20005
Point
220
-50
80
OL20006
Point
180
-50
137
OL20007
Tuscan
190
-45
137
Total
968m
Samples from all seven (7) drill holes have been delivered to the laboratory and assay results are
pending.
A variety of core photos are now available
www.skrr.ca
.
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 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
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 drilling
on the Olson property, receipt of assays, 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, 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 those filed under the Company's profile on SEDAR at
www.sedar.com
. 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 conditions, decrease in the price
of gold and other metals, equipment failures, 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.
Olson Project - Trans Hudson Corridor - Jena/Juba zone (CNW Group/SKRR Exploration Inc.)
SOURCE
SKRR Exploration Inc.
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For further information:
Rich Matthews, Investor Relations, Integrous Communications,
[email protected], +1 6047577179
CO: SKRR Exploration Inc.
CNW 13:41e 14-OCT-20