“The geological setting of the Trans-Hudson Corridor is similar to the well-known Abitibi Gold Belt in Canada, but with 1/100th of the drilling”
Ross McElroy, P.Geol. – Chairman of the Board and Director, SKRR Exploration Inc.
A mineral exploration deal has been struck in an underexplored region of Northwestern Saskatchewan that savvy investors should keep an eye on.
On March 13th, Canadian precious metal explorer
SKRR Exploration Inc. (
TSX-V: SKRR,
Forum) announced that it has received final approval from the TSX Venture Exchange for the
previously announced option agreement to acquire 100% of the Ithingo Lake Property from Edge Geological Consulting Inc. – a company owned and controlled by Ross McElroy, a director of SKRR.
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In SKRR’s search of world-class precious metal deposits, its primary exploration focus is on Saskatchewan’s Trans-Hudson Corridor.
On March 4
th, SKRR announced its intent to
acquire 100 percent of the Ithingo Lake property in Saskatchewan, with total unencumbered title rights to 12 contiguous mineral claims encompassing approximately 2,849 hectares. High-grade gold mineralization had been discovered in surface trenches in the property in the 1980s.
As you can see, the Company has been on a bit of a roll lately. Saskatchewan is one the world’s most mining-friendly jurisdictions. In a memo delivered to exploration executives, investors and attendees to
PDAC 2020, Saskatchewan Minister of Energy and Resources, Bronwyn Eyre, had this to say:
“Our Mineral Development Strategy, and Targeted Mineral Exploration Incentive, are seeing early successes when it comes to exploration for base metals, precious metals, and diamonds. At least 110 new drill holes and proposed expenditures of more than 6.5 million dollars in the eligibility area around Creighton-Denare Beach. Eligible companies will receive a grant of up to $50,000 a year to support exploration efforts. The program has triggered a net increase of some 628,000 hectares of new mineral dispositions and more than 600 downloads of raw data and maps of provincially-funded geophysical surveys.”
This the kind of proactive government support that every industry is looking for, especially the metals & mining sector.
Situated in one of the world's top mining jurisdictions, in 2018, Saskatchewan was ranked
2nd in mining investment attractiveness in the world by the Fraser Institute. The shallow depth and favourable geology suggest there is the potential to fast-track exploration and development activity, something SKRR intends to do with its properties in the region.
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Located roughly 125 kilometres northeast of the village of Buffalo Narrows, the Ithingo Lake property consists of a large contiguous land package at of 2,849 hectares with demonstrated high-grade gold mineralization. The Main Zone remains open along strike and at depth.The Sterny and Sterny North Zones have potential for hosting significant high-grade gold.
As mentioned by the Chairman of the Board, as recognised in geological terms, Saskatchewan’s Trans-Hudson Corridor has been a significantly underexplored mining region. There is strong investment upside and blue-sky potential here, as gold prices (as a safe haven asset in times of trouble i.e. COVID-19) continue to remain robust and at or near multi-year highs, this could ostensibly pay off as Canada’s next Abitibi Gold Belt jurisdiction.
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FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.