SKRR Exploration Plans Winter Drilling at Leland Gold Project, Saskatchewan
SKRR Exploration Plans Winter Drilling at
Leland Gold Project, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2020) -
SKRR Exploration Inc.
(
TSXV: SKRR) (OTC PINK: SKKRF) (FSE: B04Q
) ("
SKRR
" or the "
Company
") is pleased to
announce that it has commenced planning and permitting activity in preparation for a 1,500m diamond
drilling program at the Leland project located 23 kilometers southwest of SSR Mining's Seabee Gold
Operation, within the
Trans Hudson Corridor
of east-central Saskatchewan. Under the terms of the
option agreement with Taiga Gold Corp. ("
Taiga
"), SKRR may earn up to a 75% interest in the Leland
property. The preliminary budget for the drill program has been set at $750,000.
Sherman Dahl, CEO of SKRR, commented:
"With SSR Mining recently earning a 60% interest in Taiga's Fisher Gold Project located in the
Trans Hudson Corridor, we look forward to drilling the Leland property located in this highly
prospective area just southwest of the Seabee Gold Operation. Drill targets are being finalized and
upon receipt of permits, a winter drill program is scheduled to commence."
2020 Work Program
The 2020 summer field program at Leland included detailed prospecting and mapping, infill and grid soil
geochemical sampling, channel sampling of trenches and ground truthing of EM anomalies generated by
2019 drone survey. Work was focused on the Michelle/Irving area (channel sampling), the East Leland
target area (gridded soil sampling) and the newly discovered Irvle magnetic anomaly area (prospecting
and soil sampling). An ATV trail was also constructed to provide access from the main camp to the Irving
and Simon showing areas. A total of 74 rock samples and 200 soil samples were collected and
submitted for geochemical analyses, with results pending.
Highlights of Previous Work at Leland
In 2019 Taiga completed a three-phase geological and geophysical program at Leland. Highlights from
the program include:
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 along the Simon-Irving Trend.
Discovery of 5 new gold-mineralized occurrences along the Simon-Irving trend grading between
113 ppb Au and 3.5g/t Au.
Soil geochemical results proximal to the Leland showing (SMDI-2390) support samples collected
in 2015 and delineate a new zone of anomalous soils to the west of the Leland Showing and
northeast of the Simon Showing (SMDI-2388) that are targets for future follow up work.
Recent staking by Taiga included claims overlying the Duck Lake Occurrence (SMDI 1731) covers
two quartz stockwork zones within a shear with the Main Zone traced on surface for 180m. Limited
historical grab sampling returned values up to 3.2 g/t Au.
Drone magnetic survey defines association of Simon-Irving mineralization with a magnetic low
linear feature.
Some of the above results were taken directly from the Saskatchewan Mineral Deposit Index (SMDI)
descriptions. SKRR cautions that some of the 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 in the Leland Property area.
Rock grab samples are selective samples by nature and as such are
not necessarily representative of the mineralization hosted across the property.
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
.
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 planned drilling on the
Leland property, receipt of permits, 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, failure to
maintain or obtain 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.
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https://www.newsfilecorp.com/release/68348