SKRR’s CEO, Sherman Dahl and Chairman Ross McElroy communicate to Crimson Cloud about exploration property in Saskatchewan and spotlight thrilling new nickel property:
https://www.youtube.com/watch?v=Si7M84THKEI
SKRR CORPORATE UPDATE:
SKRR Exploration Inc. has a big and diversified portfolio of extremely potential early-stage treasured metals and strategic base metals, together with nickel, cobalt and zinc. The Firm presently operates 9 separate initiatives, totaling 72,478 ha., together with 8 within the province of Saskatchewan and 1 within the province of British Columbia. In Saskatchewan, 5 initiatives are primarily centered on gold (Olson, Ithingo, Olson, Manson Bay and Cathro), 2 initiatives are primarily centered on nickel and cobalt (Father Lake and Carp River) and 1 challenge centered on zinc and silver ( Borys Lake ). In British Columbia , SKRR operates the Nickel Peak declare group positioned within the FPX Metals “Decar Camp”.
2022 Exploration Recap
In 2022, the Firm was actively exploring on a number of of its Saskatchewan initiatives.
January – February 2022 – The Firm accomplished a 10-hole, 1867m drill program at its Olson property. 9 of the ten holes intersected important gold mineralization in 4 separate goal areas, together with the Olson, Akbar, Michaels Lake and Carina areas. Drilling at Michaels Lake resulted in a brand new discovery with gap OL22009 intersecting a really large steady interval yielding 0.56 g/t Au over 50.35m .
March 2022 – The corporate accomplished a 4,288 line-km airborne magnetic survey at 75m line spacing on the southern core a part of its Irving Lake property. An extra 565 line-km of airborne magnetic survey at 75m line spacing was flown on the northern Bailey and Easton areas of the Irving Lake property.
April 2022 – The corporate accomplished a 1,042 line-km airborne magnetic survey at 50m line spacing on its Father Lake challenge. The magnetic area consists of a collection of excessive and low traits parallel to the Grease River fault which demarcates the Dodge Area (north aspect) and Tantato Area (south aspect). The magnetic options spotlight the contacts alongside the hybrid gneiss complicated (interlayered felsic gneiss, mafic gneiss and metasediments) on the south aspect of the Grease River shear zone. A significant NW-SE structural function is noticed which additionally offsets identified VTEM conductors within the space. (The Dumas Lake fault). The nickel host rock is a 200m to 800m large norite physique that may be traced for 16km trending east northeast with quite a few nickel and copper showings alongside pattern. The earlier Strongbow Exploration Inc.’s Nickel Lake / Dumas Lake challenge covers a number of historic nickel and copper showings together with: the Dumas Zones A, B, C & D. The norite host rock seems outlined by a magnetic excessive at the side of VTEM conductors.
June 2022 – In June 2022 a geological mapping and sampling program was accomplished on the Cathro Challenge. Lithological information was collected from eight places, together with 47 rock samples. Moreover, 430 soil samples have been collected from 15 east-west trending soil traces, with samples spaced 25 m aside. Soil samples returned gold values starting from 0.1 to 320 ppb Au. Probably the most important values have been obtained between 230m to 1200m north-northwest of the Vidgy zone. Of the 47 rock samples collected, the best gold (2,490 ppb), silver (4.59 ppm) and copper (5,400 ppb) have been returned from pattern MHCTR009, which sampled a granodioritic unit cross-cut by a 2-5cm large quartz vein close to the Bartlett Lake exhibiting. General outcomes present a variety of anomalous areas in a number of areas of the property, and additional follow-up work of mapping and sampling, adopted by drilling is advisable.
A Concentrate on Nickel for 2023
SKRR Exploration Inc. has entered right into a non-arm’s-length acquisition settlement dated Oct. 24, 2022 , to amass a 100-per-cent curiosity in Edge Geological Consulting Inc.’s Carp River nickel-copper-cobalt property consisting of 5 mineral claims comprising a complete of 5,606.48 hectares.
Challenge Highlights:
Situated in mineral-rich Saskatchewan , a world-class mining jurisdiction, instantly north of the city of Stony Rapids , The Carp River Nickel-Copper property is located inside the same regional bedrock lithology related to the close by Axis Lake and Rea Lake Ni-Cu-Co deposits and Currie Lake occurrences of ALX’s Firebird property, on which Rio Tinto has an choice settlement to earn 80 per cent.
Quite a few nickel, copper and cobalt showings alongside pattern, together with the Carp River and Wager claims and McAskill showings related to a number of moderate- to high-priority interpreted VTEM (versatile time area electromagnetic) anomalies.
Historic soil grid survey exploration on the Carp River grid in 2005 decided that Ni, Cu and Co anomalies have been important and comparable with these related to the Axis Lake and Currie Lake occurrences positioned 5 kilometres and 10 kilometres to the west, respectively.
Sherman Dahl , SKRR Exploration‘s chief govt officer, commented:
“SKRR continues to construct shareholder worth by pondering outdoors the field. During the last six months, we’ve got expanded our property portfolio with a deal with battery metals in each Northern Saskatchewan and British Columbia . Over the subsequent few months, we’re additional dedicated to unlocking the worth of our portfolio of gold and battery steel property. We’re extraordinarily excited to amass the Carp River nickel-copper-cobalt property and add to our increasing portfolio of property in one of many world’s premier mining jurisdictions.”
The Carp River nickel-copper property particulars
The Carp River property, composed of 5 contiguous mineral claims totalling 5,606.48 hectares, is positioned instantly north of the hamlet of Stony Rapids within the province of Saskatchewan . Stony Rapids is a full-service neighborhood with a industrial airport. Entry to the property is thru fixed-wing or helicopter plane. From a regional perspective, the property lies throughout the Tantato area, which makes up a part of the numerous Snowbird tectonic zone. Regionally, bedrock consists primarily of mafic granulite and garnet-pyroxene diatexite formations, which prolong on strike to the west towards the Axis Lake and Rea Lake Ni-Cu-Co deposits and the Currie Lake occurrences positioned inside 5 km to 10 km to the west of Carp River.
Historic exploration by Crimson Dragon and Pure Nickel Inc. in 2005 included a regional airborne VTEM geophysics survey, which coated the identified Axis Lake, Rea Lake , Currie Lake and different showings. Interpretation of the 2005 VTEM survey picked quite a few extremely rated VTEM anomalies over the Carp River property. Observe-up soil grid surveys have been carried out over areas the place they decided that the conductors seemed potential. Crimson Dragon and Pure Nickel decided that the Ni-Cu-Co anomalies turned extra intense near nickeliferous norite our bodies. A kind of grids surveyed was the Carp River grid, positioned in the midst of the Carp River property, the place soil outcomes have been important and comparable with these across the Axis Lake and Currie Lake occurrences.
SKRR Exploration cautions that among the historic outcomes have been collected and reported by previous operators, and have been neither verified nor confirmed by a certified particular person, however kind a foundation for future work on the Carp River property. Mineralization hosted on close by properties is just not essentially indicative of mineralization that could be hosted on the Carp River property.
Replace on Father Lake Nickel airborne geophysics survey
A high-resolution helicopter-borne magnetic survey was carried out by Precision GeoSurveys Inc. between April 2 to April 6, 2022 (see information launch dated March 22, 2022 ). The survey collected 1,042 line km of high-resolution magnetic information over one survey block. Your entire property was coated with the magnetic survey. Interpretation of the geophysics survey was accomplished by Bingham Geoscience.
The magnetic area consists of a collection of excessive and low traits parallel to the Grease River fault, which demarcate the Dodge area (north aspect) and the Tantato area (south aspect). The magnetic options spotlight the contacts alongside the hybrid gneiss complicated (interlayered felsic gneiss, mafic gneiss and metasediments) on the south aspect of the Grease River shear zone. A significant northwest-southeast structural function is noticed, which additionally offsets identified VTEM conductors within the space (The Dumas Lake fault).
The nickel host rock is a 200-metre-to-800-metre-wide norite physique that may be traced for 16 km trending east-northeast with quite a few nickel and copper showings alongside pattern. The challenge covers a number of historic nickel and copper showings, together with: the Dumas zones A, B, C and D. The norite host rock seems outlined by a magnetic excessive at the side of historic interpreted VTEM conductors.
The VTEM covers the west aspect of the challenge, and an older MegaTEM survey covers the whole challenge. Nonetheless, the MegaTEM doesn’t appear to resolve conductors effectively. There’s at the least one small space with a robust conductor on the east portion of the property. Protection of the east portion of the property with VTEM could also be a future choice.
SKRR’s Nickel Peak Declare Group Overview
SKRR Exploration Inc. has additionally expanded its 100-per-cent-owned Nickel Peak declare group to cowl further areas of curiosity over the Creek complex-Trembleur ultramafite unit Late Pennsylvanian to Late Triassic ultramafic rocks, contiguous to FPX Nickel Corp.
The Nickel Peak 1 and Nickel Peak 2 declare blocks now embrace the Nickel Peak North and Nickel Peak West (which have been just lately staked by SKRR) and are positioned to the north of FPX Nickel’s Decar nickel challenge, a sophisticated challenge concentrating on awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur ultramafic unit. SKRR cautions that previous outcomes or discoveries on proximate land are usually not essentially indicative of the outcomes that could be achieved on the Nickel Peak group.
SKRR’s expanded Nickel Peak Group now spans 8,425 acres (3,410 hectares) and is roughly 110 kilometres northwest of Fort St. James, B.C. , within the Omineca mining district. Metallic mineralization contains nickel, cobalt and chromium with the documented presence of awaruite. Assays by Acme Analytical Laboratories Ltd. in 2005 returned as much as 1,826 components per million (ppm); 1,734 ppm nickel with 1,113 ppm chromium. SKRR cautions that historic outcomes have been collected and reported by previous operators and haven’t been verified nor confirmed by a certified particular person however kind a foundation for future work on the Nickel Peak group. Additional work (together with sampling) is required by SKRR as a way to confirm the historic work on the Nickel Peak group.
Pattern outcomes from an remoted magazine anomaly on the SKRR’s Nickel Peak 1 declare block documented the presence of awaruite and returned as much as 1,240 ppm nickel in 2008 (grasp identification (ID): 093N081399) and as much as 771.4 ppm nickel in 1983 (grasp ID: 093N833085) contiguous to the east aspect Nickel Rock Assets Inc. and Surge Battery Metals’s Nickel 100 group.
Sherman Dahl , chief govt officer of SKRR, states:
“We’re excited to start exploration on the newly expanded Nickel Peak group this 2023 season. Current spikes in demand for nickel is fuelled by the meteoric rise in electrical autos and the necessity for this essential steel within the manufacturing of batteries that energy them. Nickel costs have risen sharply this 12 months with a large 250-per-cent spike in early March of 2022, forecasts name for continued rise in Nickel demand with increasingly more electrical autos and battery powered units coming to market.”
“The acquisition and subsequent enlargement of our Nickel Peak group of claims represents one more instance SKRR’s continued mission to construct a world-class base and treasured steel firm and promise to drive worth for shareholders. These Nickel Peak claims are located in an lively world-class nickel camp and characterize large blue-sky potential with a number of historic high-grade nickel samples and assays which were underexplored till now. SKRR can be a pacesetter with a diversified portfolio of high-quality long-life property. The SKRR group has carried out an unimaginable job over the previous couple of years of drilling, exploring, discovering and positioning the corporate for fulfillment.”
These extremely potential Nickel Peak Group claims are contiguous to the east of Surge Battery Metallic and Nickel Rock Assets’s Nickel 100 group that cowl 18 British Columbian Minfile chromite occurrences, a few of that are reported to be mineralized with nickel, platinum-palladium group and different uncommon, extremely beneficial parts. SKRR cautions that previous outcomes or discoveries on proximate land are usually not essentially indicative of the outcomes that could be achieved on the Nickel Peak group.
Nickel-cobalt mineralization has not been well-explored, however the presence of awaruite has been documented. Geologist Ursula Mowat accomplished a preliminary fieldwork program over the world of the Nickel 100 declare group in 2004, and confirmed the presence of elevated nickel, cobalt and chromium values in rocks and stream sediments. Ms. Mowat is the recipient of the 2015 H.H. Spud Huestis Award for excellence in prospecting and mineral exploration granted by the Affiliation of Mineral Exploration (AME) in B.C. AME B.C. is each a big and profitable trade affiliation representing the mineral exploration trade in B.C.
Nickel Peak group — property highlights:
World-class jurisdiction: B.C.’s Omineca mining division is host to a number of world-class mining initiatives, together with the close by Decar nickel challenge of FPX Nickel, a sophisticated challenge concentrating on awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur ultramafic unit;
Excessive-grade historic nickel assays and sampling: Assays by Acme Analytical Laboratories in 2005 returned as much as 1,826 ppm; 1,734 ppm nickel with 1,113 ppm chromium. Pattern outcomes from an remoted magazine anomaly on the SKRR’s Nickel Peak 1 declare block documented the presence of awaruite and returned each as much as 1,240 ppm nickel in 2008 and as much as 771.4 ppm nickel in 1983.
Robust blue-sky potential: Documented presence of awaruite, high-grade historic nickel sampling and assays in an underexplored space of an lively nickel camp.
Certified Individual
The scientific and technical data contained on this information launch has been reviewed and accepted by Ross McElroy P.Geo , a director of the Firm and a “Certified Individual” as outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives . Mr. McElroy verified the information disclosed (except indicated in any other case) which features a evaluate of the sampling, analytical and check information underlying the knowledge and opinions contained therein. SKRR cautions that previous outcomes or discoveries on proximate land are usually not essentially indicative of the outcomes that could be achieved on SKRR’s properties.
SKRR Exploration is a Canadian-based exploration firm centered on treasured metals in addition to battery metals equivalent to Nickel, Cobalt, and Zinc. Its properties are positioned in Saskatchewan — one of many world’s highest-ranked mining jurisdictions in addition to British Columbia . In Saskatchewan , the first exploration focus is inside and peripheral to the Trans-Hudson Hall looking for world-class deposits. The Trans-Hudson orogen – a significant geological function and related to a number of large orebodies and mining districts — has been considerably underexplored in Saskatchewan . SKRR Exploration is dedicated to all stakeholders, together with shareholders, all its companions and the atmosphere by which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Ahead-Wanting Data
This information launch incorporates “ahead–trying data or statements” throughout the which means of relevant securities legal guidelines, which can embrace, with out limitation, statements that deal with the plans to advance the initiatives and expectations, different statements regarding the technical, monetary and enterprise prospects of the Firm, its initiatives and different issues. All statements on this information launch, aside from statements of historic information, that deal with occasions or developments that the Firm expects to happen, are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements are usually not ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Such statements and knowledge are primarily based on quite a few assumptions relating to current and future enterprise methods and the atmosphere by which the Firm will function sooner or later, together with the value of metals, the power to realize its objectives, the power to safe gear and personnel to hold out work packages, that basic enterprise and financial situations is not going to change in a cloth hostile method, that financing can be obtainable if and when wanted and on cheap phrases. Such forward-looking data displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties, and assumptions, together with the dangers and uncertainties regarding the interpretation of exploration outcomes, dangers associated to the inherent uncertainty of exploration and price estimates and the potential for surprising prices and bills and people different dangers filed beneath the Firm’s profile on SEDAR at www.sedar.com . There’s a chance that future exploration, improvement, or mining outcomes is not going to be according to the Firm’s expectations. Components that might trigger precise outcomes to vary materially from these in ahead trying statements embrace, however are usually not restricted to, continued availability of capital and financing and basic financial, market or enterprise situations, failure to safe personnel and gear for work packages, hostile climate and local weather situations, failure to keep up all essential authorities permits, approvals and authorizations, the influence of Covid-19 or different viruses and ailments on the Firm’s capability to function, lower within the worth of gold, base metals and different metals, failure to keep up neighborhood acceptance (together with First Nations), enhance in prices, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace ahead–trying statements or ahead–trying data, besides as required by regulation.
SOURCE SKRR Exploration Inc.
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