SKRR Exploration Inc. Provides Corporate Update and Retains Investing News Network
SKRR Exploration Inc. Provides Corporate Update and
Retains Investing News Network
VANCOUVER, BC, Jan. 17, 2023 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink: KKRF) (FSE: B04Q)
("SKRR" or the "Company") is pleased to announce SKRR has entered into an agreement with Investing News
Network ("INN"), pursuant to which INN will launch a series of advertising and investor awareness campaign events
for the company for 12 months starting from January 16, 2023. In consideration for its services, the Company will pay
$40,000 (plus GST) cash on or before January 16, 2023. INN is a private company headquartered in Vancouver,
Canada, dedicated to providing independent news and education to investors since 2007. INN does not provide
investor relations or market making services.
SKRR's CEO, Sherman Dahl and Chairman Ross McElroy speak to Red Cloud about exploration assets in
Saskatchewan and highlight exciting new nickel assets:
https://www.youtube.com/watch?v=Si7M84THKEI
SKRR CORPORATE UPDATE:
SKRR Exploration Inc. has a large and diversified portfolio of highly prospective early-stage precious metals and
strategic base metals, including nickel, cobalt and zinc. The Company presently operates 9 separate projects, totaling
72,478 ha., including 8 in the province of Saskatchewan and 1 in the province of British Columbia. In Saskatchewan,
5 projects are primarily focused on gold (Olson, Ithingo, Olson, Manson Bay and Cathro), 2 projects are primarily
focused on nickel and cobalt (Father Lake and Carp River) and 1 project focused on zinc and silver (Borys Lake). In
British Columbia, SKRR operates the Nickel Peak claim group located in the FPX Metals "Decar Camp".
2022 Exploration Recap
In 2022, the Company was actively exploring on several of its Saskatchewan projects.
January – February 2022 – The Company completed a 10-hole, 1867m drill program at its Olson property. Nine of
the ten holes intersected significant gold mineralization in 4 separate target areas, including the Olson, Akbar,
Michaels Lake and Carina areas. Drilling at Michaels Lake resulted in a new discovery with hole OL22009
intersecting a very wide continuous interval yielding 0.56 g/t Au over 50.35m.
March 2022 – The company completed a 4,288 line-km airborne magnetic survey at 75m line spacing on the
southern core part of its Irving Lake property. A further 565 line-km of airborne magnetic survey at 75m line spacing
was flown on the northern Bailey and Easton areas of the Irving Lake property.
April 2022 – The company completed a 1,042 line-km airborne magnetic survey at 50m line spacing on its Father
Lake project. The magnetic field consists of a series of high and low trends parallel to the Grease River fault which
demarcates the Dodge Domain (north side) and Tantato Domain (south side). The magnetic solutions highlight the
contacts along the hybrid gneiss complex (interlayered felsic gneiss, mafic gneiss and metasediments) on the south
side of the Grease River shear zone. A major NW-SE structural feature is observed which also offsets known VTEM
conductors in the area. (The Dumas Lake fault). The nickel host rock is a 200m to 800m wide norite body that can be
traced for 16km trending east northeast with numerous nickel and copper showings along trend. The previous
Strongbow Exploration Inc.'s Nickel Lake / Dumas Lake project covers several historic nickel and copper showings
including: the Dumas Zones A, B, C & D. The norite host rock appears defined by a magnetic high in conjunction with
VTEM conductors.
June 2022 - In June 2022 a geological mapping and sampling program was completed on the Cathro Project.
Lithological data was collected from eight locations, along with 47 rock samples. Additionally, 430 soil samples were
collected from 15 east-west trending soil lines, with samples spaced 25 m apart. Soil samples returned gold values
ranging from 0.1 to 320 ppb Au. The most significant values were obtained between 230m to 1200m north-northwest
of the Vidgy zone. Of the 47 rock samples collected, the highest gold (2,490 ppb), silver (4.59 ppm) and copper
(5,400 ppb) were returned from sample MHCTR009, which sampled a granodioritic unit cross-cut by a 2-5cm wide
quartz vein near the Bartlett Lake showing. Overall results show a number of anomalous areas in several areas of
the property, and further follow-up work of mapping and sampling, followed by drilling is recommended.
A Focus on Nickel for 2023
SKRR Exploration Inc. has entered into a non-arm's-length acquisition agreement dated Oct. 24, 2022, to acquire a
100-per-cent interest in Edge Geological Consulting Inc.'s Carp River nickel-copper-cobalt property consisting of five
mineral claims comprising a total of 5,606.48 hectares.
Project Highlights:
Located in mineral-rich Saskatchewan, a world-class mining jurisdiction, immediately north of the town of Stony
Rapids, The Carp River Nickel-Copper property is situated within the similar regional bedrock lithology associated
with the nearby Axis Lake and Rea Lake Ni-Cu-Co deposits and Currie Lake occurrences of ALX's Firebird property,
on which Rio Tinto has an option agreement to earn 80 per cent.
Numerous nickel, copper and cobalt showings along trend, including the Carp River and Bet claims and McAskill
showings associated with multiple moderate- to high-priority interpreted VTEM (versatile time domain
electromagnetic) anomalies.
Historic soil grid survey exploration on the Carp River grid in 2005 determined that Ni, Cu and Co anomalies were
significant and comparable with those associated with the Axis Lake and Currie Lake occurrences located five
kilometres and 10 kilometres to the west, respectively.
Sherman Dahl, SKRR Exploration's chief executive officer, commented:
"SKRR continues to build shareholder value by thinking outside the box. Over the last six months, we have
expanded our property portfolio with a focus on battery metals in both Northern Saskatchewan and British
Columbia. Over the next few months, we are further committed to unlocking the value of our portfolio of gold
and battery metal assets. We are extremely excited to acquire the Carp River nickel-copper-cobalt property
and add to our expanding portfolio of assets in one of the world's premier mining jurisdictions."
The Carp River nickel-copper property details
The Carp River property, composed of five contiguous mineral claims totalling 5,606.48 hectares, is located
immediately north of the hamlet of Stony Rapids in the province of Saskatchewan. Stony Rapids is a full-service
community with a commercial airport. Access to the property is through fixed-wing or helicopter aircraft. From a
regional perspective, the property lies within the Tantato domain, which makes up part of the significant Snowbird
tectonic zone. Regionally, bedrock consists primarily of mafic granulite and garnet-pyroxene diatexite formations,
which extend on strike to the west toward the Axis Lake and Rea Lake Ni-Cu-Co deposits and the Currie Lake
occurrences located within five km to 10 km to the west of Carp River.
Historic exploration by Red Dragon and Pure Nickel Inc. in 2005 included a regional airborne VTEM geophysics
survey, which covered the known Axis Lake, Rea Lake, Currie Lake and other showings. Interpretation of the 2005
VTEM survey picked numerous highly rated VTEM anomalies over the Carp River property. Follow-up soil grid
surveys were conducted over areas where they determined that the conductors looked prospective. Red Dragon and
Pure Nickel determined that the Ni-Cu-Co anomalies became more intense close to nickeliferous norite bodies. One
of those grids surveyed was the Carp River grid, located in the middle of the Carp River property, where soil results
were significant and comparable with those around the Axis Lake and Currie Lake occurrences.
SKRR Exploration cautions that some of the historical results were collected and reported by past operators, and
have been neither verified nor confirmed by a qualified person, but form a basis for future work on the Carp River
property. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted
on the Carp River property.
Update on Father Lake Nickel airborne geophysics survey
A high-resolution helicopter-borne magnetic survey was carried out by Precision GeoSurveys Inc. between April 2 to
April 6, 2022 (see news release dated March 22, 2022). The survey collected 1,042 line km of high-resolution
magnetic data over one survey block. The entire property was covered with the magnetic survey. Interpretation of the
geophysics survey was completed by Bingham Geoscience.
The magnetic field consists of a series of high and low trends parallel to the Grease River fault, which demarcate the
Dodge domain (north side) and the Tantato domain (south side). The magnetic solutions highlight the contacts along
the hybrid gneiss complex (interlayered felsic gneiss, mafic gneiss and metasediments) on the south side of the
Grease River shear zone. A major northwest-southeast structural feature is observed, which also offsets known
VTEM conductors in the area (The Dumas Lake fault).
The nickel host rock is a 200-metre-to-800-metre-wide norite body that can be traced for 16 km trending east-
northeast with numerous nickel and copper showings along trend. The project covers several historic nickel and
copper showings, including: the Dumas zones A, B, C and D. The norite host rock appears defined by a magnetic
high in conjunction with historic interpreted VTEM conductors.
The VTEM covers the west side of the project, and an older MegaTEM survey covers the entire project. However, the
MegaTEM does not seem to resolve conductors well. There is at least one small area with a strong conductor on the
east portion of the property. Coverage of the east portion of the property with VTEM may be a future option.
SKRR's Nickel Peak Claim Group Overview
SKRR Exploration Inc. has also expanded its 100-per-cent-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 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's 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 8,425 acres (3,410 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 1,826 parts per million (ppm); 1,734 ppm nickel with 1,113 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.
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 1,240 ppm nickel in 2008 (master identification (ID): 093N081399) and up to 771.4 ppm
nickel in 1983 (master ID: 093N833085) contiguous to the east side Nickel Rock Resources Inc. and Surge Battery
Metals's Nickel 100 group.
Sherman Dahl, chief executive officer of SKRR, states:
"We are excited to begin exploration on the newly expanded Nickel Peak group this 2023 season. Recent spikes in
demand for nickel is fuelled 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-per-cent
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."
These highly prospective Nickel Peak Group claims are contiguous to the east of Surge Battery Metal and Nickel
Rock Resources's Nickel 100 group that cover 18 British Columbian 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 (AME) in 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: B.C.'s Omineca mining division is host to multiple world-class mining projects, including the
nearby Decar nickel project of FPX Nickel, 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 in 2005 returned up to 1,826
ppm; 1,734 ppm nickel with 1,113 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 both up to 1,240 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.Geo, 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. SKRR cautions that past results or discoveries on proximate land are not necessarily indicative of the results
that may be achieved on SKRR's properties.
About SKRR Exploration Inc.
SKRR Exploration is a Canadian-based exploration company focused on precious metals as well as battery metals
such as Nickel, Cobalt, and Zinc. Its properties are located in Saskatchewan -- one of the world's highest-ranked
mining jurisdictions as well as British Columbia. In Saskatchewan, the primary exploration focus is within and
peripheral to the Trans-Hudson Corridor in search of world-class deposits. The Trans-Hudson orogen – a major
geological feature and associated with multiple giant orebodies and mining districts -- has been significantly
underexplored in Saskatchewan. SKRR Exploration 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 plans to advance the projects and
expectations, 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, risks related to the inherent uncertainty of
exploration and cost estimates and the potential for unexpected costs and expenses and those other risks 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, failure to secure personnel and equipment for work
programs, adverse weather and climate conditions, 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,
decrease in the price of gold, base metals and other metals, 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 00:01e 17-JAN-23