SKRR Exploration Inc. Reports Significant GOLD, Silver & Zinc Mineralization at the Manson BAY Project, Northern Saskatchewan
SKRR EXPLORATION INC. REPORTS
SIGNIFICANT GOLD, SILVER & ZINC
MINERALIZATION AT THE MANSON BAY
PROJECT, NORTHERN SASKATCHEWAN
VANCOUVER, BC
,
Dec. 21, 2021
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (OTC: SKKRF)
(FSE: B04Q) ("
SKRR
" or the "
Company
") is pleased to report results from its 12-hole,
1,687.68m
(5,524' feet) fall drill program on the 100%-owned Manson Bay gold project located in the Trans
Hudson corridor in east-central
Saskatchewan
. 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 and two additional holes tested along strike to the south-west ~300m and
700m
respectively of the southern extent of the Manson Bay Gold Zone. Ten holes intersected sulphide
mineralization in multiple stacked sheared and brecciated zones, occasionally graphitic, returning
significantly anomalous assays in widths ranging in width from
4.57m
to 20.29 meters wide (down
hole width).
Highlights:
MB21001:
2.14 g/t Au
, 12.90 g/t Ag, 0.13% Pb, and 0.55% Zn
over
10.23m
(
85.68m
to
95.91m
)
including:
3.07 g/t Au, 15.60 g/t Ag, 0.16% Pb, and 0.64% Zn over
6.20m
(
89.71m
to
95.91m
)
MB21002:
1.14 g/t Au
, 9.49 g/t Ag, 0.13% Pb, and 0.79% Zn
over
9.33m
(
99.57m
to
108.90m
)
MB21004:
1.79 g/t Au
, 13.75 g/t Ag, 0.20% Pb, and 0.47% Zn
over
20.29m
(
96.26m
to
116.55m
)
including:
4.01 g/t Au, 28.24 g/t Ag, 0.42% Pb, and 0.76% Zn over
7.75m
(
106.75m
to
114.5m
)
MB21006:
1.10 g/t Au
, 21.05 g/t Ag, 0.44% Pb, and 0.93% Zn
over
9.00m
(
41.00m
to
50.00m
)
MB21012:
0.74g/t Au
, 5.77g/t Ag, 0.06% Pb, and 0.45% Zn
over
14.42m
(
148.00m
to
162.42m
)
Anomalous assays results are coincident with sulphide mineralization occuring 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.
Maps Available Here
Sherman Dahl
, CEO commented:
"The Manson Bay results are exciting. SKRR is pleased to let all of our long-term investors and all
new investors know that we are just getting started. In the last few years, we have done all that we
set out to do with multiple discoveries. Even better is we start drilling again in
January 2022
and
will soon announce back-to-back drill programs at the Olson property along with going back to
Manson Bay.
Saskatchewan
has so much to offer. The Trans Hudson Corridor is extremely well
known, yet way underexplored. That is about to change. SKRR is not the only one dedicating
serious resources to uncovering the mineral wealth of
Saskatchewan
, one of the world's top
jurisdictions."
Ten of twelve drill holes completed during this program served to in-fill gaps in historic drilling as well
as test down-dip extensions of historic intercepts of mineralization at the Manson Bay gold zone
(SMDI #2280) where historic drilling by Hudbay Minerals (1985) and MinGold Resources (1987 to
1988) outlined a gold-rich and anomalous silver and base metals zone. Two additional drillholes
completed in 2021 aimed to test conductors along-strike to the SW of the Manson Lake gold zone.
Drillhole planning for this drill program relied on the results of field exploration activity conducted in
the summer of 2021 as well as historic data.
Drill holes completed in 2021 encountered primarily different varieties of paragneiss with short
intervals of pegmatite dyke. The most impressive mineralization was generally hosted in altered and
brecciated shear zones with up to 10% total disseminated-interstitial-semimassive pyrrhotite, pyrite,
sphalerite, and galena.
Analytical results ranged from trace values to higher-grade intercepts, as summarized below.
Significant Intercepts Table:
Hole
From
(m)
To (m)
Core
Length
(m)
Au (g/t)
Ag (g/t)
Pb (%)
Zn (%)
AuEq
(g/t)
MB21001
85.68
95.91
10.23
2.14
12.90
0.13
0.55
2.67
Including
89.71
95.91
6.20
3.07
15.60
0.16
0.64
3.70
Including
93.78
94.89
1.11
8.75
18.45
0.20
0.45
9.32
MB21002
99.57
108.90
9.33
1.14
9.49
0.13
0.79
1.76
Including
104.60
105.66
1.06
2.52
17.75
0.29
1.17
3.53
MB21003
53.75
62.15
8.40
0.63
4.63
0.07
0.29
0.89
MB21004
96.26
116.55
20.29
1.79
13.75
0.20
0.47
2.31
Including
106.75
114.50
7.75
4.01
28.24
0.42
0.76
4.97
Including
107.75
108.50
0.75
13.70
29.00
0.21
1.12
14.79
MB21005
48.35
55.65
7.30
0.72
5.57
0.04
0.26
0.96
Including
50.00
51.00
1.00
2.97
6.10
0.01
0.19
3.16
MB21006
41.00
50.00
9.00
1.10
21.05
0.44
0.93
2.07
Including
43.80
45.40
1.60
3.56
88.57
2.03
3.83
7.67
MB21007
169.47
174.29
4.82
0.62
5.57
0.05
0.59
1.04
Including
172.52
173.55
1.03
2.02
5.61
0.03
0.62
2.46
MB21008
53.95
59.90
5.95
1.44
7.60
0.07
0.32
1.74
Including
54.86
56.50
1.64
4.41
15.77
0.17
0.72
5.09
66.00
72.25
6.25
0.56
8.30
0.17
0.29
0.90
Including
67.57
68.30
0.73
2.12
36.90
0.94
0.86
3.45
MB21009
101.56
106.13
4.57
0.41
3.80
0.03
0.28
0.63
MB21010, MB21011 no significant intercepts
MB21012
148.00
162.42
14.42
0.74
5.77
0.06
0.45
1.09
Including
159.00
160.48
1.48
2.35
4.46
0.02
0.20
2.53
* Drill indicated intercepts (core length) are reported as drilled widths; true thickness is
undetermined.
** No cutoffs or metal recoverability were factored into AuEq calculations.
*** Assumptions used in USD for the gold equivalent calculation were metal prices of
$1,783.00
/oz
Au,
$22.47
/oz Ag,
$1.49
/lb Zn, and
$1.02
/lb Pb. Gold equivalent (AuEq) was calculated using the
formula AuEq = Augpt + ((Zn%*Zn Price*22.0462) + (Ag *
Ag Price
/31.1035) + (Pb%*Pb
price*22.0462)) / (Cu price*22.0462)
Drill core locations and Manson Bay maps are available at
www.skrr.ca
.
Drill holes MB21001 and MB21002 were drilled from the same pad with dips of 70° and 85°
respectively. These holes were collared proximal to the historic hole MBO-15 to confirm
mineralization encountered in that hole. Mineralization consisted of up to 10% total net textured
pyrrhotite and pyrite. Drillhole MB21001 intercepted 12.90 g/t Ag, 2.14 g/t Au, 0.13% Pb, and
0.55% Zn over
10.23m
from
85.68m
to
95.91m
. Drillhole MB21002 intercepted 9.49 g/t Ag, 1.14 g/t
Au, 0.13% Pb, and 0.79% Zn over
9.33m
from
99.57m
to
108.90m
.
Drill hole MB21003 was designed as an in-fill hole roughly equidistant from historic drillholes MBO-8,
MBO-9, MBO-14, and MBO-36. Hole MB21003 intercepted a sheared and brecciated zone with up
to 10% net-textured pyrrhotite/pyrite as well as local disseminations of 0.5% sphalerite. This zone
returned 4.63 g/t Ag, 0.63 g/t Au, 0.07% Pb, and 0.29% Zn over
8.40m
from
53.75m
to
62.15m
.
Drill hole MB21004 aimed to test the mineralized shear roughly equidistant from MBO-16, MBO-34,
MBO-37, and MBO-42. The hole intercepted several, wide brecciated and sheared zone hosting up
to 7% semimassive pyrrhotite, 3% semimassive pyrite, and 0.5% interstitial galena/sphalerite. Assay
results from this hole returned 13.75 g/t Ag, 1.79 g/t Au, 0.20% Pb, and 0.47% Zn over
20.29m
including 29.00 g/t Ag, 13.70 g/t Au, 0.21% Pb, and 1.12% Zn over
0.75m
.
Drill hole MB21005 was designed to test the up-dip extension of mineralization at the Manson Lake
Gold Zone. The drillhole intercepted several metres of brecciated/sheared gneiss with 3-5%
disseminated-blebby pyrite. Assay results from this hole returned 5.57g/t Ag, 0.72g/t Au, 0.04% Pb,
and 0.26% Zn over
7.30m
from
48.35m
to
55.65m
.
Drill hole MB21006 was designed as a
40m
step-back, down-dip from MB21005 to in-fill historic
holes MBO-6, MBO-7, MBO-12, and MBO-13. The drillhole intercepted a sheared and brecciated
zone with 3% semimassive pyrite, 2% blebby pyrrhotite, 2% disseminated sphalerite, and 1%
disseminated galena forming an interlocking texture. Assay results from this hole returned 21.05g/t
Ag, 1.10g/t Au, 0.44% Pb, and 0.93% Zn over
9.00m
from
41.00m
to
50.00m
, including 88.57g/t Ag,
3.56g/t Au, 2.03% Pb, and 3.83% Zn over
1.60m
from
43.80m
to
45.40m
.
Drill hole MB21007 was designed as a
160m
step-back from historic drill holes MBO-12 and MBO-
13 to test the down-dip extension of mineralization on the northern side of the Manson Bay Gold
Zone. The drill hole intercepted a short (~4m) zone of brecciation and shearing with 3% interstitial
pyrrhotite, 1-2% pyrite, and 0.5% sphalerite. This zone returned 5.57g/t Ag, 0.62g/t Au, 0.05% Pb,
and 0.59% Zn over
4.82m
from
169.47m
to
174.29m
, including 5.61g/t Ag, 2.02g/t Au, 0.03% Pb,
and 0.62% Zn over
1.03m
from
172.52m
to
173.55m
.
Drill hole MB21008 and MB21009 were designed to in-fill zones of shearing near historic drillholes
MBO-5, MBO-18, MBO-19, and MBO-21. Drill hole MB21008 intercepted shearing and brecciation
in both paragneiss and pegmatite with 5% blebby/vug-filling pyrrhotite, 2% pyrite, and 0.5%
sphalerite, while MB21009 intercepted less extensive 1% pyrite and 0.25% pyrrhotite. Assay results
from drillhole MB21008 returned 7.60g/t Ag, 1.44g/t Au, 0.07% Pb, and 0.32% Zn over
5.95m
from
53.95m
to
59.9m
and 8.30g/t Ag, 0.56g/t Au, 0.17% Pb, and 0.29% Zn over
6.25m
from
66.00m
to
72.25m
. assay results from drill hole MB21009 returned 3.80g/t Ag, 0.41g/t Au, 0.03% Pb, and
0.28% Zn over
4.57m
from
101.56m
to
106.13m
.
Drill holes MB21010 and MB21011 targeted previously undrilled conductors 300m and
700m
respectively to the SE of historic drilling at the Manson Bay Gold Zone. Both holes intercepted zones
of shearing with up to 3% disseminated-stringer pyrrhotite/pyrite and graphite alteration. Neither hole
returned significant intervals of gold mineralization.
Drill hole MB21012 was designed as a ~50m down-dip, step-back from historic hole MBO-44. This
hole intercepted a mineralized shear zone with 3% interstitial pyrrhotite, 2% interstitial pyrite, and
trace sphalerite. Assay results from this hole returned 5.77g/t Ag, 0.74g/t Au, 0.06% Pb, and 0.45%
Zn over
14.42m
from
148.00m
to
162.42m
, including 4.46g/t Ag, 2.35g/t Au, 0.02% Pb, and 0.20%
Zn over
1.48m
from
159.00m
to
160.48m
.
Manson Bay Gold Zone Details
The mineral occurrence located on the Manson Bay Property referred to as the Manson Bay Gold
Zone is documented in the Saskatchewan Mineral Deposit Index ("SMDI") as occurrence #2280.
Staking and exploration on the Manson Bay and Manson Bay South properties dates back to 1953.
Kay Lake Mines Ltd. acquired the property in 1955 and conducted an electromagnetic survey in
1955, and in 1956 followed up with a diamond drill program to test the anomalies along the
northeast shore of Manson Bay. Hudson Bay Exploration optioned the property in 1983 and
completed 3 drill holes. Drill holes MBO-1 and 2 intersected the mineralization described by this
showing. Discovery drill hole MBO-1 encountered an 0.8 ft intersection that returned 0.04 oz./ton
Au, 4.38 oz./ton Ag, 5.81% Cu and 0.60% Zn. Between 1987 and 1988, Mingold Resources Limited
completed a further 43 drill holes (MBO-4 to MBO-46) to outline a gold-copper rich zone of
mineralization.
Geologically, the area straddles the transition zone between the highly metamorphosed (upper
amphibolite facies) Amisk Group interlayered volcanics and metasediments to the south and the
Kisseynew gneiss belt derived wackes (garnetiferous quartz-feldspar-biotite-hornblende gneiss,
quartz-feldspar- hornblende-garnet± biotite gneiss, biotite migmatite, and sericitic quartz- feldspar-
biotite schist) to the north and to the east. Pegmatite and calc-silicate gneiss are found in almost all
drill holes.
Structurally, the showing area occupies the core of the Schotts Lake anticline. The host rocks have a
northeast strike and dip 20°to 30°SE. Lineations indicate a plunge of 21° to 40°NE.
The Manson Bay Gold Zone showing consists of a silicified horizon within a northeast-trending shear
zone. Mineralization has been traced over a strike length of 2400 ft (
731.5 m
) within this silicified
shear zone. The mineralized horizon is a quartz-rich gneiss that contains hornblende-feldspar-biotite
and locally chlorite and tourmaline crystals. Minerals present include trace to 15% pyrite, trace to
20% pyrrhotite, up to 10% graphite, trace to 12% chalcopyrite, trace to 10% sphalerite, trace
galena and associated gold mineralization.
Delineation drilling, at 100 to 200 ft (30.5 to
61.0 m
) centers, has outlined an area approximately
300 ft by 500 ft (
91.4 m
by
152.4 m
) where an average 12 ft
3.65 m
) width grades between 0.092
and 0.679 oz./ton Au (11 intersections). Other zones of less significant Cu-Au mineralization have
been located along strike.
The above results 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. Further work (including drilling) is required 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 properties.
QA/QC:
Samples were sent for geochemical analysis with ALS Global,
Vancouver, B.C.
for the following
analyses: 48 element four-acid ICP-MS (ME-MS61) and gold (Au) 50 g Fire Assay – AA finish (Au-
AA24). Samples that returned over 5ppm Au by Au-AA24 were re-analysed using gold (Au) 50g Fire
Assay – Gravimetric finish (Au-GRA22). Samples that returned over-detection limit for Pb and Zn by
ME-MS61 were re-analysed using four-acid ICP-AES (ME-OG62).
On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the
order of samples were reported correctly, that the blanks ran clean, and that the results for each
standard had minimal variance from its certified value. QA/QC for the Manson Bay Drilling Program
included certified reference material ("CRMs") and blanks that were inserted into each sample batch
in order to verify the analytical from the lab. ALS labs is an independent certified laboratory and is
independent of the Company and the Qualified Person. The Company detected no significant
QA/QC issues during review of the data. The Company is not aware of any drilling, sampling,
recovery or other factors that could materially affect the accuracy or reliability of the data referred to
herein.
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 additional
drilling and work expected to be completed in 2022, 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, 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 08:00e 21-DEC-21