SKRR Exploration Inc. to Attend Investor Forum and Drill Program Intersects Quartz Veining at the Irving/leland Gold Property
SKRR Exploration Inc. to Attend Investor
Forum and Drill Program Intersects Quartz
Veining at the Irving/leland Gold Property
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - SKRR Exploration Inc.
(TSXV:
SKRR) (OTC: SKKRF) (FSE: B04Q)
("
SKRR
" or the "
Company
") is pleased to announce that it will
be presenting at the Virtual Metals Investor Forum on March 4-5, 2021.
Interested parties that wish to schedule a meeting, or who would like further information regarding the
conference noted above, please contact SKRR at the contact information below.
Sherman Dahl, chief executive officer of SKRR, comments:
"Management is very excited about the
early drill results from the Leland Gold property of our 2021 drill program and are looking forward to
maximizing our success with the remainder of the programs. It is extremely exciting exploring in
Saskatchewan, the No. 1 mining jurisdiction in the world according to Mining Journal Intelligence
World Risk Report 2020, where we are confident that the Trans Hudson Corridor has the potential to
become one of the world's prolific gold producing regions."
The Company also completed a 9-hole drill program in 1,341m at its Irving-Leland property (the "
Irving-
Leland Property
"), in the Trans Hudson Corridor, Saskatchewan.
Variable widths of quartz veining and
sulphide mineralization were intersected in all holes with visual results of the first 3 holes previously
reported (see News Release February 10, 2021).
Drill core is being logged and prepared for sampling
and assay results are pending.
2021 Drill Program
The 2021 winter drill program focused on testing a 1 km strike length of the gold-mineralized shear
system between the Irving Lake and Simon Lake showings on the west side of the Irving-Leland claims.
This first drill program is testing this orogenic gold-bearing system. Targets were prioritized based on
surface rock grab and trenching results, soil geochemistry and detailed airborne (drone) magnetic
survey data.
The nine hole program targeted the Michelle, NW Irving and Irving showings located in the western part
of the project area where historic work as identified numerous gold-bearing quartz veins with notable
grades including the Irving-Leland Lake South Zone, which hosts grab samples ranging from trace
values to up to 32.8 g/t Au and 8.6 g/t Au; and the Simon/Irving Lake Zone, which returned up to 60 g/t Au
and 53 g/t Au from within a 2km x 600m shear zone centered along an open- ended contact between
mafic volcanic and intrusive rocks.
Field work during 2019 and 2020 identified gold mineralization
grading up to 5.4 g/t Au over 0.65 m within 2.1 g/t Au over 3.22 m (channel sample) from the Irving trench
and the discovery of 5 new gold-mineralized occurrences along the Simon-Irving trend grading between
113 ppb Au and 3.5g/t Au.
All nine holes have intersected varying degrees of mineralization of quartz
vein and associated sulphide mineralization (pyrite, pyrrhotite, and locally chalcopyrite), in widths from
cm to up to 1m at depth beneath the surface showings.
Figure 1 - Le21008 Irving-Leland Property Project Map
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6952/75558_05b4524734794899_002full.jpg
Photo 2 - Le21008 Irving-Leland Property Core Image
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6952/75558_05b4524734794899_003full.jpg
All references to depth in this news release are downhole, and true thickness has yet to be determined.
Drill core is being logged and split for samples to be sent for assaying.
Assays will be reported when
received.
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 the Irving-Leland Property
SKRR's Irving /Leland Project is a large land package covering more than 23,500 hectares strategically
located within 10km of SRR Mining's very successful Seabee Gold Mine operation, Saskatchewan's
largest orogenic gold deposit within the
Trans Hudson Corridor
. The Company owns 100% of the
Irving claims and under the terms of the option agreement with Taiga Gold Corp. ("
Taiga
"), SKRR may
earn up to a 75% interest in the Leland claims.
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
For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
+1 6047577179
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 drilling on the Irving-
Leland Property, receipt of assays from the Irving-Leland Property, 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, 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 those filed under the Company's profile on SEDAR at
www.sedar.com
. 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 conditions, decrease in the price of gold and
other metals, equipment failures or failure to obtain the necessary equipment, adverse weather
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, 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/75558