SKRR Exploration

Overview

SKRR Exploration (TSXV:SKRR, OTCQB:SKKRF, FSE:BO4Q) is a Canadian junior exploration and development company focused on gold in the underexplored Trans Hudson Corridor in Saskatchewan, with five highly prospective gold assets in the area. In addition to its gold projects, SKRR holds two nickel-zinc properties located in Saskatchewan and British Columbia, and a recently optioned uranium asset in the Athabasca Basin.

SKRR Exploration is aiming to change this gold supply trajectory, through exploration work at its highly prospective assets within the emerging gold-producing region of the Trans Hudson Corridor. To date, the Homestake Gold Mine just south of the Canadian border, has been the most significant deposit within the Trans Hudson Corridor. It produced 43.9 million ounces (Moz) of gold between 1878 and 2002.

The Trans Hudson Corridor demonstrates a similar potential to the famous Abitibi Greenstone Belt yet remains underexplored. The company owns five assets within the corridor and is currently systematically exploring each property. The company’s portfolio contains several unexplored or underexplored assets with blue-sky potential.

In 2023, SKRR entered into an option agreement with F3 Uranium to acquire up to 70 percent interest in the Clearwater West Property, signaling the addition of uranium to its portfolio. Comprising three contiguous mineral claims totaling 11,786 hectares, the Clearwater West Project is located 20 kilometers outside the edge and in the southwest area of the Athabasca Basin.

An experienced management team leads the company toward reaching its goals. Sherman Dahl, CEO, brings 20 years of capital market experience to the company, focusing on identifying undervalued assets. Ron Netolitzky, advisor, has over 40 years of experience in the mining industry and is credited for three major gold deposits in Canada.

Company Highlights

• SKRR Exploration is focused on gold exploration in the Trans Hudson Corridor in Saskatchewan, Canada.
• The Trans Hudson Corridor is a highly prospective gold belt with similar geology to the renowned Abitibi Greenstone Belt.
• The company owns five gold projects within the Trans Hudson Corridor and two nickel-zinc projects in British Columbia and Saskatchewan.
• In 2023, SKRR entered into an option agreement with F3 Uranium to acquire up to a 70 percent interest in the Clearwater West Property, adding uranium to its portfolio of assets.
• Each of SKRR’s assets is underexplored or unexplored, representing a significant potential for discovering new deposits.
• An expert management team with a range of expertise throughout the natural resource industry leads the company toward fully exploring its assets.

Key Projects

Olson Gold Project

SKRR’s 5,038-hectare property is highly prospective of gold as exploration continues. The company has the option to earn up to 75 percent interest in the Olson property and is moving towards additional drilling through systematic exploration.

Project Highlights:

• Encouraging Results: Drill campaigns in 2020 and 2021 produced encouraging results, including the discovery of mineralization in previously untested areas. A total of 30 holes were drilled between two campaigns, with results including:
  • 1.53 meters at 13.8 grams per ton (g/t) gold
  • 1.21 meters at 2.54 g/t gold
  • 7.62 meters at 3.44 g/t gold including 1.53 meters at 13.80 g/t gold
  • 1.23 meters at 9.64 g/t gold
• Geology Similar to Prolific Mines: The project is atop a VMS mineralization and is hosted in the Glennie Domain, which is the source of the province’s largest orogenic gold deposit, the Seabee Gold Mine.
• Future Drill Targets: SKRR’s geophysics model has proven to be a reliable predictor of mineralizations, based on completed drill campaigns.

Irving Gold Project

The large, 20,000-hectare Irving property is located near an established mining district. The Irving Lake property is an early-stage project that has exhibited gold mineralizations during previous exploration.

Project Highlights:

• Promising Assays: Recently completed exploration campaigns have returned promising results, including:
  • Soil sampling returned up to 75 parts per billion (ppb) gold and 75 parts per million (ppm) copper
  • Rock grab sampling returned up to 167 ppb gold and 578 ppm copper
• Proximity to Prolific Mines: The Irving project is strategically located roughly 25 kilometers from SSR Mining’s successful Seabee and Santoy gold mines, which have the most prolific orogenic gold deposits in Saskatchewan.
• Historical Exploration: Rock samples from historical exploration produced assays up to 3.93 g/t gold and 413 ppm copper.

Manson Bay Gold Project

The 4,239-hectare asset is 40 kilometers northwest of the mining city of Flin Flon, Manitoba. SKRR has 100 percent interest in the project and is currently awaiting assay from a recently completed drill campaign.

Project Highlights:

• Drill Campaign: The recently completed 12-hole drill program, assays pending, confirmed mineralizations indicative of significant gold deposits.
• Hosts the Manson Bay Gold Zone: The project contains the entirety of the Manson Bay Gold Zone, which has historic drill intersections up to 15.39 g/t gold.
• Encouraging Mineralizations: Identified mineralizations, with widths up to 26.5 meters wide, in the shear breccia zones include:
  • Massive to semi-massive pyrite
  • Pyrrhotite
  • Sphalerite
  • Galena

Other Gold Projects

SKRR Exploration’s gold projects are within the underexplored Trans Hudson Corridor. This corridor is similar to the prolific Abitibi Greenstone Belt yet has not received the same exploration attention.

SKRR Projects:

• Ithingo: The 2,849-hectare land package includes 12 contiguous mineral claims. The asset has 5,200 meters of historical drilling work, complete with intercepts of up to 138.97 g/t gold. A 2021 drill program has helped identify future drill targets for follow-up exploration.
• Cathro: The early-stage gold-bearing geology was first identified in 1958 and had significant potential for further exploration. Historic results indicate up to 8.1 g/t gold.

Nickel-Zinc

The company has two nickel-zinc deposits, creating additional revenue streams as exploration continues. Each project is highly prospective for future deposits.

Projects:

• Feather Lake: The Feather Lake contains 200-meter to 800-meter wide tracks. Several nickel and copper showers along the trend indicate drill intersections of 1.34 percent nickel and 0.94 percent copper.
• Nickel Peak Group: This active nickel mine is in British Columbia, spans 8,425 acres, and is home to multiple mining projects. Nickel deposits and other significant occurrences are nearby with highly prospective claims with ultramafic intrusive rock discoveries.

Clearwater West Property

The Clearwater West Property comprises three contiguous mineral claims totaling 11,786 hectares and located 20 kilometers outside the edge and in the southwest area of the Athabasca Basin. The project is 13 kilometers south of Fission Uranium's Triple R deposit, located 7 kilometers outside the basin edge on its PLS Property and 17 kilometers south of NexGen's Arrow uranium deposit.

Management Team

Sherman Dahl - President and Director

Sherman Dahl is a seasoned investor and financier who is well-versed in finance and marketing strategies for small-cap private and public Canadian companies. Dahl has expertise in identifying undervalued companies and introducing these opportunities to his buy-side network of clients, strategic co-investors and marketing participants.

Dahl has a proven record of being able to raise capital and increase investor awareness and liquidity. Dahl was previously a vice-president and investment adviser with National Bank Financial, a leading Canadian investment dealer. In addition to managing a $150-million retail book and achieving Chairman’s Council level, Dahl participated in numerous capital raises totaling more than $150 million directly for various issuers with total issuer financings of $1 billion on behalf of retail and institutional clients over a 20-year career.

Pretium Communications is an advisory and consulting firm based in Vernon, BC. Pretium Holdings also owns and operates restaurants and media print businesses in Vernon, B.C. Dahl holds a Bachelor of Business Administration (economic and finance major) from the University of Regina.

Iain Butler - Director

Iain Butler has over 25 years of experience in various senior financial and general management roles. Currently with Kal Tire as the VP of finance for their mining group where he is a member of the board of directors for Kal Tire’s International entities. Butler has completed multiple complex acquisitions, both in Canada and abroad.

Iain has an economics degree from the University of Essex and is a member of the Chartered Professional Accountants of BC and the Institute of Chartered Accountants in England and Wales.

Jeremy Ross - Director

Jeremy Ross has more than twenty years in corporate development and marketing for small-cap to mid-tier mining, oil and gas companies. With a comprehensive network of institutional and retail relationships, Ross has planned and implemented numerous marketing campaigns. He was the corporate development consultant for Fission Energy and played a key role in growing investor awareness up until its major sale of assets to Denison Mines.

In 2013, Ross was appointed to the board of directors of Fission Uranium and was appointed to the Fission 3.0 board of directors following Fission Uranium’s acquisition of Alpha Minerals.

Ron Netolitzky - Advisor to the Board

Ron Netolitzky has been very successful in mining exploration with over 40 years of experience and has been directly associated with three major gold discoveries in Canada that have subsequently been put into production: Eskay Creek, Snip and Brewery Creek. He is a director of several publicly traded exploration companies.