SKRR Exploration (TSXV: SKRR) has completed its phase one field work program at its 75% owned Olson Property in Northern Saskatchewan. The first phase of field work consisted of defining targets for the diamond drill program scheduled for this fall, including conducting ground sensitivity testing as well as a geophysical survey in conjunction with detailed prospecting and mapping, soil sampling, and channel sampling of trenches.
Sensitivity testing conducted on the property consisted of a contractor completing 13 lines on the property, totaling out at 8.6 kilometres worth of combined IP/DC resistivity geophysical survey work over three zones on the property known as Point, Tuscan and Juba areas. A geological field program was then carried out for two weeks, in which soil sampling, prospecting, field mapping and channel sampling occurred to delineate new areas of gold mineralization.
The geological field work was conducted as a means of enabling the company to prioritize drill targets for the planned drill program this fall, which currently has permitting udnerway with the Saskatchewan government. A total of 484 gridded soil samples were collected on the property, with prospecting and mapping work confirming gold mineralization at known showings as well as underexplored areas. Additional channel sampling occurred at the Point and Juba showings, with results from the field work currently pending.
SKRR Exploration’s Olson property is located within the Trans Hudson region of Saskatchewan, a belt that hosts numerous mines, including the nearby Seabee and Santoy gold deposits owned by SSR Mining. The property currently hosts at least 29 known mineral occurrences, and has had 4,700 meters worth of drilling conducted on it previously. Historical drilling includes 7.5 meters at 2.07 g/t gold, which includes 13.00 g/t gold over 0.65 meters along with grab samples grading as high as 105.52 g/t gold. The Olson property currently remains significantly underexplored.
SKRR Exploration last traded at $0.30 on the TSX Venture.
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