JV Article: SKRR Exploration seeks the next major gold district in Canada
The Abitibi greenstone belt that stretches across Ontario and Quebec is one of the most prolific sources of gold in Canada, producing approximately 200 million ounces in over a century. mining activity, and continues to attract the attention of companies wishing to find new deposits.
Further west, crossing Saskatchewan, is the Trans-Hudson Corridor, an area that harbors auriferous greenstone belts similar to those of the Abitibi, but which is still largely under-explored. But while others overlook the Corridor, SKRR exploration (TSXV: SKRR) methodically advances its gold projects in the province.
The Trans-Hudson Corridor runs from Nebraska to the Dakotas, east of Saskatchewan, then north of Manitoba to Hudson Bay. The most famous deposit in the Corridor was the legendary Homestake gold mine in South Dakota, which was in continuous production from 1878 to 2002 and the source of nearly 44 million ounces of gold. Today, the most productive gold mine in the Corridor is SSR mining‘s (TSX: SSR) Seabee, located in the same part of northern Saskatchewan that SKRR focuses on.
Of SKRR’s five projects, its Olson property is the current flagship. Located in the La Ronge gold belt in Saskatchewan, Olson covers 5,038 hecatres approximately 80 km south of SSR’s Seabee operation. The company completed an initial 2,981m drill program in the fall of 2020, during which 13 of the 18 drill holes intercepted high grade gold mineralization in several holes. They then began a follow-up, 1,674 m, 12 hole drill program earlier this year, which was recently completed and assay results continue to show significant mineralization.
The ability to find these mineralized zones can be directly attributed to the team behind SKRR. Company co-founder and president geologist Ross McElroy, who along with Sherman Dahl, SKRR president and CEO, created a crack exploration vehicle with which she plans to make great discoveries, has an understanding depth of the region. Recipient of the 2012 Northern Miner Person of the Year Award and the 2014 PDAC Bill Dennis Award, McElroy has been involved in many major gold and uranium discoveries in Canada, many of which have been turned into mines in production.
“The Trans-Hudson Corridor is responsible for many world-class mining districts,” says McElroy. “But what has been overlooked is its potential for world-class gold deposits, particularly in Saskatchewan. So the potential is there, it just hasn’t been explored. And that’s where we come in.
McElroy explains that they started by looking at the area from the district level and quickly realized that if there was one asset like Seabee from SSR, there had to be others. And he points out that one of the company’s guiding principles is to reduce the risk factor involved in exploration and development projects.
“There has been a lot of historical work in the areas where we operate, but what was missing was a better understanding of the structural nature of the properties. There were a lot of holes drilled, but the big picture was probably missing. You know, people drilled near the surface, didn’t see much, and moved on. Now we have a much better and deeper understanding of the geology and nature of these deposits. “
He also points out that another element of harm reduction is where they operate, pointing out that Saskatchewan is a stable and resource-friendly jurisdiction consistently ranked among the best jurisdictions where minors can work.
In the coming months, McElroy has said that SKRR will increase the latest addition to its portfolio, the Manson Bay property, located approximately 40 km northwest of Flin Flon.
“Manson Bay is a real gem,” says McElroy. “It has all the characteristics of a top project, with high marks and a significant resource. We’ll be going later this summer to start moving forward, because it’s a property we really want to get our teeth into. With the evolution of the price of gold, other majors will come to the province. And, of course, we know everyone will be looking for ounces. This is why we are moving forward in our exploration work, with the intention of staying one step ahead. “
The previous article on the joint venture is PROMOTED CONTENT sponsored by SKRR Exploration and produced in cooperation with The Northern Miner. Visit skrr.ca for more information.