CURRENT MARKET CAP OF $7 MILLION – EXTREMELY UNDERVALUED GOLD EXPLORATION STORY
SKRR is currently drilling the Manson Bay gold zone, where historic drilling by Hudbay Minerals (1985) and MinGold Resources (1987 to 1988) outlined the Manson Bay gold zone, with highlights such as drill hole MBO-15 that intersected 15.39 grams per tonne gold over 10.03 m including a high-grade interval of 23.13 g/t Au over 6.40 m.
Major SSR Mining just announced a significant hole in the recent discovery zone this month. SSR and partner Taiga announced 19.16 G/T AU OVER 6.98 METERS. In comparison, the historic Manson Gold hole of 15.39 g/t over 10.03 meters including a high-grade interval of 23.13 g/t over 6.40 meters. This should not be overlooked as Manson Bay drilling is currently underway. This is on-going proof of the gold bearing nature of The Trans Hudson Corridor.
Trans Hudson VS Abitibi
There is an area of Canada known for gold. Lots of gold! In fact, this area is one of the richest areas for gold on the planet and it’s where some of the biggest names in mining got their start. This area is known as the Abitibi and even though mining has been taking place since around 1900, it is still a hot bed of activity today.
The Trans-Hudson in Saskatchewan is the same type of geologic formation that encompasses the mining district around Flin Flon, Manitoba and gave it world-class deposits of uranium, zinc and copper and secondary gold resources. Part of the same system, South Dakota’s Homestake Mine, was a 45-million-ounce gold producer. We believe that greater focus on uranium and base metals in Saskatchewan’s Trans-Hudson has caused it to be overlooked as a gold resource. Saskatchewan is set to become the next Abitibi.
When you compare the mines in the Abitibi Greenstone belt vs the Trans Hudson Corridor Greenstone Belt in Saskatchewan you see that the THC is set to become the next major gold district in Canada. SKRR is leading the charge along with a small group of other juniors (MAS Gold and Taiga Gold) and major miner SSR Mining with it’s flagship Seabee Mine.
It is expected that seven holes will test within the known Manson Bay gold zone, with the aim to confirm and expand upon historic results, and two step out holes contingent on results from the summer mapping and soil geochemistry surveys.
It hard to know the complete rationale for them not following up on historic drilling further, but a couple of obvious points help to shed a bit of light:
Drilling was done in fall of 1987 when gold prices were $450/oz. Gold was flat and slightly declining. Huge stock market crash in October 1987 may have put the brakes on everything
MinGold owned the property at that time. They did not own the ground though to the south of the deposit area and so were limited by their land tenure on what they could do.
Post-1988-89 there was very little gold exploration in Saskatchewan, except around the operating mines of Jolu, Star Lake and Contact Lake in the LaRonge greenstone belt.
Next Major Canadian Gold Camp?
The Trans Hudson Corridor in Saskatchewan
SKRR – Olson Discovery Hole 25 2020-2021
Olson Zone highlights
Hole OL21026:
29.44 meters @ 1.30 g/t Au (105.04 to 134.48 meters), including:
10.21 meters @ 2.95 g/t Au (120.11 to 130.32 meters), including:
5.54 meters @ 4.12 g/t Au (121.69 to 127.23 meters), including:
0.78 meters @ 14.55 g/t Au (126.45 to 127.23 meters).
SKRR Exploration Inc. Completes First Drill Hole at the Manson Bay Gold Project
Vancouver, British Columbia–( September 21, 2021) – SKRR Exploration Inc. (TSXV: SKRR) (OTC Pink: SKKRF) (FSE: B04Q) (“SKRR” or the “Company“) announces that the first drill hole was completed on the 100% owned Manson Bay gold project (the “MansonBayProject“) located in the Trans Hudson Corridor in east-central Saskatchewan, approximately 40km northwest of the historic mining center of Flin Flon, on the Manitoba border. The Manson Bay Project consists of 13 mineral claims compromising a total of approximately 4,293 hectares.
Sherman Dahl, CEO of SKRR stated:
“The first drill hole was completed (MB21001) on Saturday, September 18, 2021, which was terminated at 149m. The drill hole was collared at an angle of -70 degrees and drilled in the same approximate vicinity as historic hole MBO-15, which returned 15.39 g/t Au over 10.03m. MB21001 intercepted mineralization in a sulphide rich shear zone from 84.3m to 95.0m. Sulphides consist of 1 to 10% semi-massive and massive pyrite and pyrrhotite with moderate to strong sericite alteration. A further zone of sulphide mineralization, but without the intense sericite alteration was present from 99.5m to 115m consisting of 1 – 5% disseminated pyrite and pyrrhotite. Additional logging and details are pending. The beginning of this drill program is an exciting new exploration area for SKRR. This exploration program is in addition to the large Olson Gold project that yielded a discovery in previous drilling. SKRR plans to continue the year with the return to the Olson property in addition to the current Manson Bay drilling.”
SKRR Exploration (SKRR.V) expertly helmed and strategically positioned along the Trans-Hudson Corridor in mining-friendly Saskatchewan – Equity.Guru
IWA is a shareholder of SKRR Exploration
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and pr Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. Readers should refer to the risk disclosures outlined in the Company’s Management
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