SKRR Exploration Inc. Begins Airborne Magnetic Survey on Father Lake Project, Saskatchewan
SKRR Exploration Inc. Begins Airborne
Magnetic Survey on Father Lake Project,
Saskatchewan
VANCOUVER, BC
,
March 22, 2022
/CNW/ -SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink:
SKKRF) (FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to announce the start of an airborne
magnetic survey at SKRR's 100% owned Father Lake Project in north-central
Saskatchewan
(
Figure 1
). The Father Lake Project (the "
Project
") is located ~40km northeast of the town of
Stony
Rapids
, and ~40km to the northeast of the historic Axis Lake Nickel-Copper-Cobalt deposit, recently
optioned by Rio Tinto Exploration Canada Inc. SKRR cautions that past results or discoveries on
proximate lands are not necessarily indicative of the results that may be achieved on the Father
Lake Property.
SKRR's Father Lake claims overlie four magmatic sulphide bodies hosting Ni-Cu mineralization within
a series of northeast trending norite sills. These mineralized zones, known as Dumas A, B, C & D,
were drill defined by Strongbow Exploration Inc. in 2008-2009. Better intersections returned 2.36%
Ni & 0.26% Cu over
0.5m
, 1.34% Ni & 0.94% Cu over
2m
, and 0.26% Ni & 0.07% Cu over
14.6m
. SKRR 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 at the
Father Lake Project. Further work (including geophysical surveys and drilling) is required by SKRR in
order to verify the historical work on the Father Lake Project.
The Father Lake project lies along the south margin of the Grease River Shear Zone, which
experienced brittle–ductile reactivation coincident with intra-continental strike–slip strain during
culmination of the Trans-Hudson orogeny. The project claims are underlain by metasedimentary
gneisses that have been intruded by a 3km long norite sill, varying in thickness from
215m
to over
800m
.
Previous geophysical work comprised ground and airborne electromagnetic and magnetic surveys,
which defined preliminary drill targets on the Dumas zones.
Program Details
Precision GeoSurveys has been contracted to fly a 1,042 line-km high resolution, low level
helicopter-borne geophysical magnetic survey over the Father Lake project (
Figure 2
) with flight lines
spaced at
50m
. The survey will help to define areas within the Project of increased pyrrhotite
sulphide mineralization, which is the primary sulphide component of magmatic nickel-sulphide
deposits, and to map structural elements which are often the loci of mineralizing fluid events. It will
also help direct work by field crews during future exploration programs.
The Project
The Father Lake Project is a nickel-copper exploration property located in north-central
Saskatchewan
, about 40km northeast of
Stony Rapids, Saskatchewan
. It is comprised of 9 mineral
claims totalling 4,727.38 ha.
The Project has many key geological features required for hosting magmatic nickel-sulphide deposits
including favourable geology, large scale structural shear zones, localized flexures and faults and
numerous mineralized showings.
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 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 that address the
geophysical survey on the Father Lake Project and the expected outcomes, follow up exploration
work on the Father Lake Project, 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
or intends 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 precious and base 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 22-MAR-22