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SKRR Exploration begins airborne survey at Father Lake

2022-03-22 10:30 ET - News Release

Mr. Sherman Dahl reports

SKRR EXPLORATION INC. BEGINS AIRBORNE MAGNETIC SURVEY ON FATHER LAKE PROJECT, SASKATCHEWAN

SKRR Exploration Inc. has started an airborne magnetic survey at SKRR's 100-per-cent-owned Father Lake project in north-central Saskatchewan. The Father Lake project is located approximately 40 kilometres northeast of the town of Stony Rapids, and approximately 40 km to the northeast of the historic Axis Lake nickel-copper-cobalt deposit, recently optioned by Rio Tinto Exploration Canada Inc. SKRR cautions that past results or discoveries on proximate lands are not necessarily indicative of the results that may be achieved on the Father Lake property.

SKRR's Father Lake claims overlie four magmatic sulphide bodies hosting Ni-Cu mineralization within a series of northeast trending norite sills. These mineralized zones, known as Dumas A, B, C and D, were drill defined by Strongbow Exploration Inc. in 2008 to 2009. Better intersections returned 2.36 per cent Ni and 0.26 per cent Cu over 0.5 metre, 1.34 per cent Ni and 0.94 per cent Cu over two m, and 0.26 per cent Ni and 0.07 per cent Cu over 14.6 m. 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 continuing work at the Father Lake project. Further work (including geophysical surveys and drilling) is required by SKRR in order to verify the historical work on the Father Lake project.

The Father Lake project lies along the south margin of the Grease River shear zone, which experienced brittle-ductile reactivation coincident with intracontinental strike-slip strain during culmination of the Trans-Hudson orogeny. The project claims are underlain by metasedimentary gneisses that have been intruded by a three-kilometre-long norite sill, varying in thickness from 215 m to over 800 m.

Previous geophysical work comprised ground and airborne electromagnetic and magnetic surveys, which defined preliminary drill targets on the Dumas zones.

Program details

Precision GeoSurveys has been contracted to fly a 1,042-line-kilometre, high-resolution, low-level, helicopter-borne, geophysical magnetic survey over the Father Lake project with flight lines spaced at 50 m. The survey will help to define areas within the project of increased pyrrhotite sulphide mineralization, which is the primary sulphide component of magmatic nickel-sulphide deposits, and to map structural elements which are often the loci of mineralizing fluid events. It will also help direct work by field crews during future exploration programs.

The project

The Father Lake project is a nickel-copper exploration property located in north-central Saskatchewan, about 40 km northeast of Stony Rapids, Sask. It comprises nine mineral claims totalling 4,727.38 hectares.

The project has many key geological features required for hosting magmatic nickel-sulphide deposits, including favourable geology, large-scale structural shear zones, localized flexures and faults, and numerous mineralized showings.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Ross McElroy, PGeol, 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 and base metal deposits. The Trans-Hudson Orogen -- although extremely well known in geological terms -- has been significantly underexplored in Saskatchewan. SKRR is committed to all stakeholders, including shareholders, all its partners and the environment in which it operates.

We seek Safe Harbor.

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