SKRR Exploration Inc. Provides Update on Drill Program at the Historic Manson Bay Project

 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.

SKRR Exploration Inc. Logo (CNW Group/SKRR Exploration Inc.)

SOURCE SKRR Exploration Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/October2021/20/c7098.html

News Provided by Canada Newswire via QuoteMedia

SKRR Exploration

SKRR Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
SKRR Exploration (TSXV:SKRR)

SKRR Exploration


Keep reading...Show less

Kestrel Gold - Completes Acquisition of 100% Interest in the QCM Property and Bernard Kreft Announces Acquisition of Common Shares

Kestrel Gold Inc. ("Kestrel" or the "Corporation"), (TSX-V:KGC) is pleased to announce that it has expedited the remaining cash payment and common share issuances necessary for Kestrel to fully exercise the QCM Property Option Agreement, see Kestrel's December 15, 2020, news release. With the closing of this transaction Kestrel has earned a 100% interest in the QCM Property from Bernard Kreft

Rob Solinger, President and CEO of Kestrel, states: "We are pleased to have completed this transaction which will allow Kestrel greater leeway in the advancement of the QCM Property. Positive results from previous reverse circulation drilling by the Corporation at QCM, see Kestrel's April 23, 2022, and October 26, 2022, news releases,

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Many Peaks Gold

Many Peaks Minerals Ltd (ASX:MPK) - Trading Halt

Description

The securities of Many Peaks Minerals Ltd (‘MPK’) will be placed in trading halt at the request of MPK, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 26 March 2024 or when the announcement is released to the market.

Keep reading...Show less
Nicholas Frappell, gold bars.

Nicholas Frappell: Gold Price Targets for 2024 and Key Drivers to Watch

Nicholas Frappell, global head of institutional markets at ABC Refinery, discussed the factors he sees moving the gold price in 2024, including the US Federal Reserve, the dollar and central bank buying.

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, he said the market may be misreading the Fed's seriousness about driving inflation lower — he expects rates to stay "somewhat higher for longer."

When asked if the American central bank can achieve a soft landing, Frappell said he's inclined to say yes.

Keep reading...Show less
Gold nugget, Chinese yuan.

China’s Youth Snapping Up Gold "Beans" as Country Faces Deflation

There's a new bean-sized gold rush taking Chinese youth by storm.

Young people in the country have started to invest in the yellow metal, but not by purchasing traditional bars and coins. Rather, Gen Z is going after “gold beans” — pea-sized gold pieces that weigh about a gram and cost around 600 yuan (US$83). They come in small glass jars and double as ornaments for fashionable and financially conscious youth.

While it's typically older age groups that want to add gold to their portfolios, sales in China have been propelled this past year by young investors, with overall buying jumping by 12 percent from January to October 2023.

Keep reading...Show less
Gold Mountain

Down Under Project Update: GMN Observes Rocks Prospective for REE

Gold Mountain Limited (ASX: GMN) (“Gold Mountain” or “the Company” or “GMN”) is pleased to announce it has visually identified numerous occurrences of both leucogranites and of charnockite in five of its tenements and silicified and sheared rocks that are often associated with good REE values.

Keep reading...Show less
Brightstar Resources

Brightstar Gold Pours Successfully Conclude with Cashflow to Significantly Exceed Budget

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that following on from the maiden and second gold pours announced 07/03/20241 and 12/02/20242, all processing of the ore from the Selkirk joint venture has successfully been completed at Genesis Minerals’ Gwalia processing plant.

Keep reading...Show less
SKRR Exploration

SKRR Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×