SKRR Completes Seven Holes At Olson Project, Assays Pending

SKRR Exploration (TSXV: SKRR) this afternoon reported that it has completed seven holes to date as part of its ongoing drill program at the Olson property, located in the Trans Hudson Corridor of Saskatchewan. The company has confirmed that the holes hit arsenopyrite bearing sulphides, disseminated arsenopyrite, and quartz veining within the drill holes.

While it was confirmed by the company that these rock types were found within the core, the company is currently awaiting results from assays to determine mineralization content of the drill cores. To date, drilling has been focused at Jena/Juba, Point, and Tuscan target areas, with a total of 968 metres of drilling completed thus far.

The first three holes were drilled at the Jena/Juba target, with the first testing a trench bearing arsenopyrite, and the second two drill holes focusing on an IP anomaly found earlier this year. Arsenopyrite is significant, as it “can be associated with significant amounts of gold. Consequently, it serves as an indicator of gold bearing reefs,” as per Wikipedia.

The first hole was drilled to a depth of 116 metres, while the second and third holes were drilled to 152 metres and 137 metres, respectively. Most notably, the second hole hit intermittent intervals of quartz and sulphide mineralization from 67 metres to 76.6 metres, and again from 114 metres to 116.1 metres. Twenty surface samples were taken from this region earlier this year, which reported up to 15.7 g/t gold.

Olson Project – Trans Hudson Corridor – Jena/Juba Zone

The next three holes were taken at the Point target, where this summers field work had returned values as high as 9.8 g/t gold in samples. Notably, holes OL20004 and OL 20006 encountered granodiorite from top to bottom, with the holes going to depths of 209 metres and 137 metres respectively. The former hosted the most impressive results, in that it arsenopyrite was encountered the entire length of the hole, with the largest occurrence being in the top 40 metres of the hole.

The final hole was drilled at Tuscan, where previous assays have returned values as high as 45.1 g/t gold. The hole was completed to a depth of 137 metres, and notable hit two distinct zones of sulphide mineralization. This mineralization occurred from 100.5 metres to 105.8 metres, and from 112.85 metres to 115.55 metres, with the latter being the most significant, hosting up to 40% pyrite and 15% arsenopyrite.

Assay results are currently pending for all seven holes. More in depth data on the holes and what geology they intersected can be found here.

SKRR Exploration last traded at $0.30 on the TSX Venture.


FULL DISCLOSURE: SKRR Exploration is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover SKRR Exploration on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

SKRR Exploration Closes $1.2 Million Financing

SKRR Exploration (TSXV: SKRR) has closed a private placement just five days after announcement. The...

Wednesday, August 26, 2020, 09:02:21 AM

SKRR Exploration: Major Developments Next Door Drive Interest In Irving/Leland Property

Late this past week, it was announced by Taiga Gold Corp (CSE: TGC) that the...

Sunday, November 15, 2020, 01:29:00 PM

SKRR Exploration Intersects 50.24 Metres of 0.41 G/T Gold At Olson Property

SKRR Resources (TSXV: SKRR) this morning released the latest drill results from the recently completed...

Thursday, May 6, 2021, 09:24:40 AM

SKRR Sees Olson Land Package Increased By 1,170 Hectares

SKRR Exploration (TSXV: SKRR) has expanded its land page at its Olson Gold Project in...

Tuesday, June 23, 2020, 08:42:17 AM

Spotlight Series: SKRR Exploration With Chairman Ross McElroy

Welcome back to the Spotlight Series. Today we are looking at SKRR Exploration (TSXV: SKRR),...

Tuesday, June 30, 2020, 11:11:38 AM