SKRR Exploration Inc. Begins Airborne Magnetic Survey ON Irving Lake Project, Saskatchewan
SKRR EXPLORATION INC. BEGINS
AIRBORNE MAGNETIC SURVEY ON IRVING
LAKE PROJECT, SASKATCHEWAN
VANCOUVER, BC
,
March 16, 2022
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC: SKKRF)
(FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to announce the start of an airborne magnetic
survey at SKRR's 100% owned Irving Lake Project in east-central
Saskatchewan
(Figure 1), The
Irving Project (the "Project") is located ~100km northeast of the town of
La Ronge
and is located
within 10km to 20km of SSR Mining's very successful Seabee and Santoy mines, which is
Saskatchewan's
largest gold mining operation.
Figure 1 (CNW Group/SKRR EXPLORATION INC.)
The presence of amphibolite-grade meta-volcanic and associated meta-intrusive rocks hosting well-
defined shear zones are considered positive indicators for the presence of orogenic gold deposits at
Irving Lake. The host rocks and structural framework are similar to gold deposits in the region such
as the nearby Seabee and Santoy deposits and the highly prospective Fisher project. This
prospective geology is considered to be underexplored on the property.
SKRR cautions that past results or discoveries on proximate lands are not necessarily indicative of
the results that may be achieved on the Irving Lake Property.
Sherman Dahl
, Chief Executive Officer of SKRR comments:
"We are excited to have commenced the airborne survey over the Irving Lake project area to
identify and prioritize gold targets. This is a proven geophysical method for identifying structural,
lithological and alteration features often associated with orogenic gold mineralization and aims to
assist in prioritizing drill targets. With our recent and ongoing drilling success, we are confident of
the potential for further significant discoveries in the Saskatchewan Trans Hudson Corridor"
Program Details
Precision GeoSurveys Inc has been contracted to fly a 4,288 line-km detailed magnetic helicopter-
borne geophysical survey over the Irving Project (Figure 2) with flight lines spaced at
75m
. The
survey will be flown in a low-level systematic grid pattern over the property with lines oriented
north/south. The survey, which has commenced, will help to identify rock types and geological
features including fault structures and alteration zones associated with gold mineralization. It will also
help direct work by field crews during future exploration programs.
Figure 2 (CNW Group/SKRR EXPLORATION INC.)
The Project
The Irving Project is a gold exploration property located in east-central
Saskatchewan
, about 100km
northeast of the
La Ronge
, Saskatchewan. It is comprised of 24 mineral claims totalling
19,795.56ha.
The project has many key geological features required for hosting large high-grade gold deposits
like Seabee and Santoy, 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 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
planned geophysical surveys on the Irving Project and the expected outcomes, follow up exploration
work on the Irving 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
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-MAR-22