The 2022 program was designed to follow up on results from SKRR's 18-hole, 2,981m (9780') drill program completed in Fall 2020 and the 12-hole, 1674m (5492') diamond drill program completed in Winter 2021. Both programs were successful in intersecting significant gold mineralization, extending known mineralized trends at the Olson and Sisken Zones as well as defining newly discovered gold mineralization at the Point, Jena, Ackbar and Michael's Lake Zones (see SKRR's news releases dated
- Winter 2022 program continued to demonstrate the potential for broad mineralized zones at Michael's Lake. New discoveries include:
- OL22009: 50.35 m @ 0.56 g/t Au (85.00-135.35m)
- Drill results at the
Olson Zone continue to be encouraging: step-out holes show continuity of mineralized shear veins along strike and down-dip of previous intersections.The Olson Zone remains open in all directions. Significant intersections include: - OL22003: 8.07 m @ 1.62 g/t Au (47.73-55.80m), including:
- 0.89 m @ 5.64 g/t Au (51.11-52.00m)
- OL22006: 2.07 m @ 2.44 g/t Au (74.70-76.77m)
- Drilling at
Ackbar Lake focused on extending gold mineralization first discovered in 2021. 2022 drilling proved strike-length continuity of mineralization >100m from the discovery hole OL21029. Significant intersections include: - OL22008: 6.75 m @ 0.95 g/t (62.00-68.75m), including:
- 1.02 m @ 1.97 g/t (63.48-64.50m)
- OL22008 confirmed continuity of mineralization over >100m. This mineralization was first discovered in drill hole OL21029, returning 0.75g/t Au over 8.12m, including 2.39g/t Au over 1.4m;
- 9 of 10 holes completed during the recent program intersected significant gold mineralization
Hole | From (m) | To (m) | Core Interval (m) | Au (g/t) | Zone |
OL22001 | 47.00 | 48.00 | 1.00 | 1.20 | Olson |
OL22002 | 17.63 | 18.38 | 0.75 | 2.34 | |
and | 81.60 | 83.70 | 2.10 | 3.20 | |
including | 81.60 | 82.64 | 1.04 | 5.22 | |
OL22003 | 47.73 | 55.80 | 8.07 | 1.62 | |
including | 50.00 | 54.30 | 4.30 | 2.78 | |
including | 51.11 | 52.00 | 0.89 | 5.64 | |
and | 66.14 | 67.15 | 1.01 | 1.01 | |
and | 72.50 | 73.25 | 0.75 | 1.69 | |
OL22004 | 125.32 | 126.74 | 1.42 | 1.43 | |
and | 134.00 | 135.00 | 1.00 | 1.33 | |
OL22005 | 23.33 | 37.90 | 14.57 | 0.50 | |
including | 32.45 | 33.50 | 1.05 | 1.27 | |
and | 74.41 | 76.10 | 1.69 | 0.89 | |
including | 75.10 | 76.10 | 1.00 | 1.05 | |
OL22006 | 74.70 | 76.77 | 2.07 | 2.44 | |
and | 88.50 | 89.50 | 1.00 | 1.37 | |
and | 100.23 | 105.90 | 5.67 | 0.81 | |
including | 102.72 | 103.98 | 1.26 | 1.72 | |
OL22007 | 32.42 | 33.80 | 1.38 | 2.00 | Ackbar |
and | 51.35 | 52.50 | 1.15 | 1.01 | |
and | 130.60 | 137.50 | 6.90 | 0.43 | |
including | 136.92 | 137.50 | 0.58 | 1.01 | |
228.10 | 229.00 | 0.90 | 1.42 | ||
OL22008 | 62.00 | 68.75 | 6.75 | 0.95 | |
including | 62.00 | 65.72 | 3.72 | 1.25 | |
including | 63.48 | 64.50 | 1.02 | 1.97 | |
OL22009 | 85.00 | 135.35 | 50.35 | 0.56 | Michael's Lake |
including | 131.00 | 134.10 | 3.10 | 1.48 | |
OL22010 | no significant intercepts | Carina |
* All drill indicated intercepts as reported in this news release are measured along core length and true thickness is yet to be determined. |
Drillholes OL22001 – 006 were completed at the
Drillholes OL22007 – 008 were completed at
OL22009 tested a geophysical chargeability anomaly at the Michael's
Drillholes OL22010 tested the western extension of Au mineralization reported in historic drilling at the
The Olson project area overlies regionally sheared, highly strained meta-volcanic and intrusive rocks which are considered to be prospective for orogenic gold mineralization. The property is host to 29 mineral occurrences defined by historical geological mapping, prospecting, trenching and 4700m of diamond drilling, with the last drilling by third party operators reported in 2008. Historical drilling at
Geological and geotechnical logging and core sampling were completed at a facility on the Olson property. Assay intervals were based on visual identification of mineralization, presence and density of quartz veins and lithological boundaries. TerraLogic Exploration geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including sampling field duplicates and insertion of certified standard and blank samples.
Samples were sent for geochemical analysis with ALS Global,
On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the order of samples were reported correctly, that the blanks ran clean, and that the results for each standard had minimal variance from its certified value. QA/QC for the Olson Drilling Program included certified reference material ("CRM's") and blanks that were inserted into each sample batch in order to verify the analytical from the lab. The CRM's from all holes reported passed within 3 standard deviations and the blanks returned acceptable values. All of the lab internal standards and duplicates were within acceptable values. SKRR detected no significant QA/QC issues during review of the data.
The scientific and technical information contained in this news release has been reviewed and approved by
SKRR is a Canadian-based precious metal explorer with properties in
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This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the potential of the Olson Property, and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects or intends to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedar.com. There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of precious and base metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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