SKRR Exploration Inc. Provides Update on Drill Program at the Historic Manson Bay Project
SKRR Exploration Inc. Provides Update on Drill
Program at the Historic Manson Bay Project
VANCOUVER, BC
,
Oct. 20, 2021
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink: SKKRF)
(FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to announce the successful completion of a 12-hole
drill program on its 100% owned Manson Bay gold project (the "
Manson Bay Project
") located in the
Trans Hudson Corridor in east-central
Saskatchewan
, approximately 40km northwest of the historic
mining center of
Flin Flon
, on the
Manitoba
border. All 12 holes intersected varying degrees of
mineralization within shear and brecciation zones. The Manson Bay Project consists of 13 mineral claims
compromising a total of approximately 4,293 hectares.
Sherman Dahl
, SKRR CEO, stated,
"We are very pleased with our drill program. The Manson Bay
program is moving along as planned and we have been hitting encouraging mineralization in all holes.
Our geological team amended the drill plan based on new information from current drilling and has
been updating the exploration model daily. New drill holes based on the refined model were also drilled.
At this point, all of us are extremely excited with the drill intercepts. We are seeing interval intercepts up
to
26.5m
wide (MB21001) with significant concentrations of various sulphides. In addition, our research
has uncovered the fact that Hudbay was constrained by their property boundary to the South where we
have drilled step out holes that have also hit the similar style of mineralization in shear – breccia zones.
We eagerly await assay results and plan to update shareholders."
2021 Manson Bay Drill Program
QB Drilling was contracted to conduct a
1,700 m
, nine-hole NQ core drill program at the Manson Bay
project, and due to drilling success was expanded to twelve holes. The primary focus of the drilling was
to test the historic Manson Bay Gold Zone, where historic drilling by Hudbay Minerals (1985) and MinGold
Resources (1987 to 1988) outlined a gold-rich zone, with highlights such as historic drill hole MBO-15 that
intersected 15.39 grams per tonne gold over
10.03 m
including a high-grade interval of 23.13 g/t Au over
6.40 m
.
A total of 12 holes were completed in
1684.3m
. Ten holes targeted within the outlined historic Manson
Bay Gold Zone over approximately
450m
of strike, with the aim to confirm and expand upon historic
results (Figure 1). All 10 holes intersected sulphide mineralization in multiple stacked sheared and
brecciated zones, occasionally graphitic, ranging in width from
0.65m
to
26.5m
wide. Sulphide
mineralization occurs in disseminated and interstitial, to stringers, fracture filling
s
and occasionally semi-
massive to massive blebs. Sulphides generally include 1% to 10% pyrite and pyrrhotite, and occasionally
1% - 2% sphalerite and rarely galena (see Table 1).
Two additional holes (MB210010 and MB210011) tested along strike to the south-west ~300m and
700m
respectively of the southern extent of the Manson Bay Gold Zone (Figure 1). Similar in nature to the 10
holes tested within the gold zone, the 2 regional holes intersected multiple shear zones with sulphide
mineralization.
Samples from drill core have been split in half sections on site. One-half of the split sample has been
sent for multi-element analysis. The other half of the split core will remain on site for reference. Assay
results are pending and will be released after they have been received and analyzed.
All widths reported in this news release are measured along the drill core axis and may not represent true
thickness.
Assay results from historic holes mentioned in this news release were summarized from the SMDI
descriptions and assessment reports filed with the
Saskatchewan
government. 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 Manson Bay Project. Assay results from
current drilling will be used by SKRR in order to verify the historical work on the Manson Bay
Project. Management cautions that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the subject property.
Table 1: Drill Hole Summary (assays pending) (CNW Group/SKRR Exploration Inc.)
Figure 1 (CNW Group/SKRR Exploration Inc.)
Selected Drill Core (CNW Group/SKRR Exploration Inc.)
Selected Drill Core (CNW Group/SKRR Exploration Inc.)
Ithingo Lake
SKRR is also pleased to announce the completion of the three ground geophysics surveys conducted on
its Ithingo Lake project (see news release dated
October 7
, 2021). These ground geophysics surveys
will provide supportive sub-surface interpretation of key geological features that are expected to control
the placement and prospective continuation of mineralization including lithological, structural and
hydrothermal alteration. Follow-up exploration including additional mapping, structural interpretation and
drilling is planned for 2022. The data collected from the surveys will be interpreted and SKRR will provide
an update once interpretation is completed.
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 receipt of assays from
the Manson Bay Project and the expected outcomes, the 2022 exploration work on the Ithingo 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, 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 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 09:00e 20-OCT-21