SKRR Exploration Inc. expands its 100% owned Nickel Peak Claim Group, Omineca mining district of British Columbia
SKRR Exploration Inc. expands its 100%
owned Nickel Peak Claim Group, Omineca
mining district of British Columbia
VANCOUVER, BC
,
June 21, 2022
/CNW/
- SKRR Exploration Inc. ("SKRR" or the "Company")
(TSXV: SKRR) (OTC: SKKRF) (FSE: B04Q) is pleased to announce it has expanded its 100%
owned Nickel Peak Claim Group to cover additional areas of interest over the Creek Complex -
Trembleur Ultramafite Unit Late Pennsylvanian to Late Triassic Ultramafic Rocks, contiguous to FPX
Nickel Corp.
The Nickel Peak 1 and Nickel Peak 2 claim blocks (the "
Nickel Peak Group
") now include the Nickel
Peak North and Nickel Peak West (which were recently staked by SKRR) and are located to the
north of FPX Nickel Corp. (FPX – TSX.V)
"Decar" Nickel
project, an advanced project targeting
awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the
Trembleur ultramafic unit. SKRR cautions that past results or discoveries on proximate land are not
necessarily indicative of the results that may be achieved on the Nickel Peak Group.
SKRR's expanded Nickel Peak Group now spans 8425 acres (3410 hectares) and is approximately
110 kilometres northwest of
Fort St. James, B.C.
, in the Omineca mining district. Metallic
mineralization includes nickel, cobalt and chromium with the documented presence of awaruite.
Assays by Acme Analytical Laboratories Ltd. in 2005 returned up to 1826 ppm 1734 ppm Nickel with
1113 ppm Chromium. 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
future work at the Nickel Peak Group. Further work (including sampling) is required by SKRR in
order to verify the historical work on the Nickel Peak Group.
Nickel Peak (U. MOWAT, P. Geo. May 2005):
https://aris.empr.gov.bc.ca/ArisReports/27857.PDF
Sample results from an isolated mag anomaly on the SKRR's Nickel Peak 1 claim block documented
the presence of awaruite and returned up to 1240 ppm Nickel in 2008 (Master ID: 093N081399) and
up to 771.4 ppm Nickel in 1983 (Master ID: 093N833085) contiguous to the east side Nickel Rock
Resources Inc. (NICL – TSX.V) and Surge Battery Metals (NILI – TSX.V) "Nickel 100 Group".
Sherman Dahl
, CEO of SKRR states:
"We are excited to begin exploration on the newly expanded Nickel Peak Group this 2022 season.
Recent spikes in demand for nickel is fueled by the meteoric rise in electric vehicles and the need
for this important metal in the manufacturing of batteries that power them. Nickel prices have risen
sharply this year with a massive 250% spike in early March of 2022, forecasts call for continued
rise in Nickel demand with more and more electric vehicles and battery powered devices coming
to market."
"The acquisition and subsequent expansion of our Nickel Peak Group of claims represents yet
another example SKRR's continued mission to build a world class base and precious metal
company and promise to drive value for shareholders. These Nickel Peak claims are situated in
an active world class Nickel camp and represent tremendous blue-sky potential with multiple
historic high-grade Nickel samples and assays that have been underexplored until now. SKRR will
be a leader with a diversified portfolio of high-quality long-life assets. The SKRR team has done
an incredible job over the last few years of drilling, exploring, discovering, and positioning the
company for success."
Nickel Peak Claim Group, Omineca mining district of British Columbia (CNW Group/SKRR
EXPLORATION INC.)
These highly prospective Nickel Peak Group claims are contiguous to the east of Surge Battery
Metal's (NILI – TSX.V) and Nickel Rock Resources (NICL – TSX.V) "Nickel 100" group that cover
18
B
.C. Minfile chromite occurrences, some of which are reported to be mineralized with nickel,
platinum-palladium group and other rare, highly valuable elements. SKRR cautions that past results
or discoveries on proximate land are not necessarily indicative of the results that may be achieved
on the Nickel Peak Group.
Nickel-cobalt mineralization has not been well-explored, but the presence of awaruite has been
documented. Geologist
Ursula Mowat
completed a preliminary fieldwork program over the area of
the Nickel 100 claim group in 2004, and confirmed the presence of elevated nickel, cobalt and
chromium values in rocks and stream sediments. Ms. Mowat is the recipient of the 2015 H.H. "Spud"
Huestis Award for Excellence in Prospecting and Mineral Exploration granted by the Association of
Mineral Exploration in B.C. (AME B.C.). AME B.C. is both a large and successful industry
association representing the mineral exploration industry in B.C.
Nickel Peak Group – Property Highlights
World-Class Jurisdiction:
BC's Omineca mining division is host to multiple world class mining
projects including the nearby
Decar Nickel
project of FPX Nickel Corp. (FPX – TSX.V), an
advanced project targeting awaruite, a nickel-iron alloy mineral, hosted by serpentinized
ultramafic intrusive rocks of the Trembleur ultramafic unit.
High Grade Historic Nickel Assays and Sampling:
Assays by Acme Analytical Laboratories
Ltd. in 2005 returned up to 1826 ppm 1734 ppm Nickel with 1113 ppm Chromium. Sample
results from an isolated mag anomaly on the SKRR's Nickel Peak 1 claim block documented the
presence of awaruite and returned up to 1240 ppm Nickel in 2008 and up to 771.4 ppm Nickel in
1983.
Strong Blue-Sky Potential:
Documented presence of awaruite, high grade historic Nickel
sampling and assays in an underexplored area of an active Nickel camp.
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
British Columbia
and
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 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 future
work on the Nickel Peak claims, and the expected outcomes, 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 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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%SEDAR: 00027214E
For further information:
Sherman Dahl, President & CEO, Tel: 250-558-8340
CO: SKRR EXPLORATION INC.
CNW 13:53e 21-JUN-22