A Canadian precious metal explorer says it believes the time is now that gold investors fully understand that the middle of Canada (Saskatchewan) and the Trans Hudson Corridor (Flin Flon MB and SSR Mining) is the next major Canadian gold district.
And it’s that untapped potential that has attracted
SKRR Exploration Inc. (
TSX-V:SKRR,
Forum) to explore and develop the world-class precious metal deposits in this mineral-rich, but underexplored, region.
SKRR is soon scheduled to begin drilling just kilometers away from the Flin Flon area and a short distance from the world-class SSR Seabee mining complex – a highly successful, high-grade gold mine located 125 kilometres northeast of La Ronge SK. The mine has produced 1.2 million ounces of gold since opening in 1991.
Recently,
the Company announced it had completed Phase One field work on the Olson Gold Project in Northern Saskatchewan, designed to define targets for a follow-up drilling program planned for the Fall 2020 season.
And on
August 22nd, SKRR reported it had completed a CDN$1 million private placement financing deal that “will be used for future exploration work on the Company's properties, corporate development, and general corporate and working capital purposes.”
Company President and Chief Executive Officer, Sherman Dahl, commented on the raise:
"We have further increased the Private Placement to accommodate several key new investors and investment groups. We consider the strong interest shown by these key investors to be a positive development for the Company and our Saskatchewan gold projects."
About the Projects
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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.
SKRR’s Leland property – its latest acquisition – is located 23 kilometres southwest of the Seabee Mine. Previous work on the property has shown a number of high-grade gold occurrences that warrant additional exploration.
On May 21st, Taiga Gold Corp, (
CSE.TGC) entered into an option agreement with SKRR that will enable the Company to earn up to 75% of the Leland property
Historically, Hudbay was one of the pioneers of Northern Manitoba mining and its Flin Flon zinc and copper discovery in 1915 turned out to be one of the largest industrial development projects in the Western Hemisphere – second only to the Panama Canal in terms of scale at the time.
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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 stated by the Chairman of the Board, Ross McElroy, P.Geol., and recognized 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.
In Closing
SKRR is a boots-on-the ground exploration company. Company Board Advisor Ron Netolitzky and Ross McElroy are veteran prospectors. They always have been and always will be. They think differently and both have added past major discoveries to their resumes.
The Company says the timing has never been a better than to invest in Saskatchewan…right now. And with the price of gold currently hovering in and around the USD$2000 p/oz mark, exploration companies
and savvy investors know that the road to profitability has also never been better. With SKRR, it’s a combination of perfect timing, prime geography, and superior teamwork.
The next wave for gold is Saskatchewan.
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For more information, visit
skrr.ca
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.