When we last caught up with precious metal explorer SKRR Exploration Inc. (
TSX-V: SKRR,
Forum) just before Christmas, Company President and Chief Executive Officer, Sherman Dahl sat down with Stockhouse Media’s Dave Jackson to talk about the next great mining district and next great gold opportunity in Canada. And it just happens to be a lot closer and more convenient than many metals & mining investors might be aware.
Historically speaking, much of Canada’s mineral exploration activity has focused on the ‘usual suspects’ – the Timmins Gold district in Northern Ontario, British Columbia’s Golden Triangle region, and the famous Red Lake Mining camp in northwestern Ontario – the latter, part of the prolific Abitibi Greenstone Belt that spans the Quebec-Ontario border – an area with historical production in excess of 200 million ounces of gold.
But one region that has remained off the map for many precious metals investors lies smack dab in the middle of Canada (Saskatchewan). And according to SKRR, it is what the next major Canadian gold district is going to look like.
Could the Trans Hudson Corridor be the Next Abitibi Greenstone Belt?
Because of its relative untapped potential and prior punitive provincial government regulations, the Trans Hudson Corridor is just beginning to attract small, medium, and large exploration and development companies to its untapped, world-class precious metal deposits in this mineral-rich region of the country.
Of the existing and producing mines in the region, the Seabee Mine and Santoy Mine Complex is the largest and most prolific. Currently operated by Vancouver, BC-based resource giant SSR Mining (
TSX.SSRM) and formerly Silver Standard Resources, the Seabee and Santoy Complex is a successful high-grade gold mine in northern Saskatchewan, located 125 kilometres northeast of La Ronge, SK with production to-date in excess of 1.2 million ounces of gold since mining operations commenced in 1991. And as the old mining adage goes, “The best place to find a new mine is in the shadow of an old one.” And that’s the case with SKRR’s Irving-Leland, Cathro, and Olson projects – all within 90 kilometres of SSR’s Seabee and Santoy Complexes – the prolific, yet underexplored jurisdiction looks to now cast a very long shadow.
At present, SKKR holds a massive land position in Northeastern Saskatchewan and have been steadily drilling for the last number of months. SKRR is active at its Leland Project which is basically next door to
Taiga Gold Corp. (TGC) (
CSE.TGC) and the aforementioned SSR) while SKRR’s Olson Project shares the same region as Taiga and SSR. Needless to say, this is a good neighbourhood to be situated in for gold exploration and development.
INVESTOR NOTE / FULL DISCLOSURE: SKRR owns 500,000 shares and 500,000 warrants of Taiga (TGC), giving the company 1,000,000 shares total exposure.
Last July the SKRR announced it had completed Phase One field work on its
Olson Gold Project in Northern Saskatchewan, designed to define targets for a follow-up drilling program planned for the Fall 2020 season.
INVESTOR UPDATE: Recent News
“SKRR Exploration Reports Additional Gold Mineralization from Drilling at Olson Gold Project”
On March 25th, SKRR announced results from the remaining 13 holes of the scheduled 18 hole, 2,981 metres (9,778 feet) Phase 1 drill program completed in Fall 2020 at its Olson property. Results from holes OL20001 to OL20005 were issued in a previous news release on
February 4th. Follow-up drilling is currently underway at the Olson Property “based on encouraging results from Phase 1 where gold mineralization was intersected in all zones drilled in during this inaugural drilling program.”
The massive Olson property area covers 5,038 hectares located within the Trans Hudson Corridor, 100 kilometres east of La Ronge SK and 80 kilometres south of SSR Mining's Seabee Gold Operation.
Drill results from the previously untested Point and Jena zones at Olsen show substantial widths of moderate to high-grade gold mineralization, within multiple stacked intervals with significant near-surface mineralization intersected in two holes.
Drill Highlights:
- 150m Step Out. Drill hole OL20017 hit 9.64 g/t over 1.23m within 1.19g/t over 19.94m in step out at historic Olson showing area.
- New gold discovery. First hole completed at Michael's Lake, drill hole OL20018, hit encountered gold mineralization including 2.85 g/t over 1.12m within 0.77g/t over 6.46m.
- Near Surface Mineralization.
- 5 holes at the Siskin zone encountered near surface mineralization including 0.42 g/t over 17.87m at a depth of 3.05m to 20.92m
- Significant intercepts at the Tuscan zone including 0.52 g/t over 11.5m at a depth of 7.5m to 19m.
- Mineralized Core. 91 of the core samples assayed returned greater than 0.5 g/t Au, with 29 samples greater than 1 g/t Au.
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Sherman Dahl, Chief Executive Officer of SKRR commented on the “very encouraging” drill results:
"Based on the very encouraging results from the first 18 holes drilled on the Olson Property, we are conducting a follow-up Phase 2 drill program on the Olson Project. Initial results obtained to date on the Olson project are extremely encouraging," stated Sherman Dahl. President and CEO of SKRR. "Assays from the Phase 1 program have confirmed the presence of wide-spread gold at numerous target areas of the property including high grade gold mineralization within broadly highly anomalous mineralized intervals. In particular results returned at the Olson and Point areas show strong potential and warrant follow-up in a Phase 2 drill program, presently underway."
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SKRR Exploration Drill Program Intersects Significant Quartz Veining At The Irving-Leland Gold Property
And on February 26th, SKRR Exploration reported it had intersected “quartz veining at shallow depth in the first three holes completed during the current winter drill program at the Irving-Leland property, in the Trans Hudson Corridor, Saskatchewan.”
Mr. Dahl, on these results:
"The drill program at the Irving-Leland property is advancing well and we are encouraged by the visual mineralization and the indication of quartz veining. Assays are pending. We look forward to building off this success in the remaining six holes of this winter program."
Of note, SKRR controls other properties and two known deposits – Ithingo and Manson Bay – which are scheduled to commence drilling this summer (2021).
The Bottom Line
Now more than ever, value and opportunity abound in the small cap gold exploration space. But it takes the right land package, the right management and geology team, and the right time to the kind of drill results investors and company shareholders are looking for. It looks like SKKR is continuing to deliver above-average drill results with major discovery potential…all at a bargain rate share valuation.
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For more information, visit
skrr.ca
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.