The Abitibi greenstone belt that stretches throughout Ontario and Quebec is among the most prolific sources of gold in Canada, having produced roughly 200 million ounces over greater than a century of mining exercise, and continues to draw consideration from firms intent on discovering new deposits.
Additional west, working by way of Saskatchewan, is the Trans-Hudson Hall, a area that hosts gold bearing Greenstone Belts much like Abitibi, but is vastly underexplored. However whereas others overlook the Hall, SKRR Exploration (TSXV: SKRR) has been methodically advancing its gold initiatives within the province.
The Trans-Hudson Hall runs from Nebraska up by way of the Dakotas, jap Saskatchewan after which throughout northern Manitoba in direction of Hudson Bay. The Hall’s most well-known deposit was the legendary Homestake Gold Mine in South Dakota, which was in steady manufacturing from 1878 to 2002 and the supply of virtually 44 million ounces of gold. At this time, the highest producing gold mine within the Hall is SSR Mining’s (TSX: SSR) Seabee operation, situated in the identical a part of northern Saskatchewan that SKRR has been focussing on.
Of SKRR’s 5 initiatives, its Olson property is the present flagship. Situated in Saskatchewan’s La Ronge gold belt, Olson covers 5,038 hecatres about 80km south of SSR’s Seabee operation. The corporate accomplished a maiden 2,981m drill program in autumn 2020 through which 13 of the 18 drillholes intercepted excessive grade gold mineralization in a number of holes. They then started a comply with up 1,674m, 12-hole drill program earlier this 12 months which not too long ago completed, and whose assay outcomes proceed to point out important mineralization.
The flexibility to seek out these mineralized zones may be straight attributed to the workforce behind SKRR. An in-depth understanding of the area comes from the corporate’s co-founder and chairman, famous geologist Ross McElroy who, along with Sherman Dahl, SKRR’s President and CEO, have created a crack exploration automobile with which it plans to make massive discoveries. Recipient of Northern Miner’s 2012 Mining Individual of the 12 months and PDAC’s 2014 Invoice Dennis honour, McElroy has been concerned with a number of main Canadian gold and uranium discoveries, a number of of which have been developed into producing mines.
“The Trans-Hudson Hall is accountable for lots of world class mining districts,” says McElroy. “However what’s been ignored is its potential for world class gold deposits, particularly in Saskatchewan. So, the potential’s been there, it simply actually hasn’t been explored. And that’s the place we are available in.”
McElroy explains they started by trying on the area from a district degree and shortly realized that if there’s one asset like SSR’s Seabee, there needed to be others. And he emphasizes that one of many firm’s guiding ideas is to cut back the danger issue concerned with exploration and growth initiatives.
“There was lots of historic work accomplished within the areas the place we’re working, however what was lacking was a greater understanding of the structural nature of the properties. There have been lots of holes drilled, however likely lacking the massive image. You recognize, folks did some close to floor drilling, didn’t see a lot and moved on. Now, we now have a a lot better and extra thorough understanding of the geology and the character of those deposits.”
He additionally factors out that one other factor of danger discount is the place they’re working, highlighting that Saskatchewan is a secure, resource-friendly jurisdiction constantly rated as among the many finest jurisdictions for miners to work in.
Within the months forward, McElroy says that SKRR might be ramping up the newest addition to their portfolio, the Manson Bay property, located about 40km northwest of Flin Flon.
“Manson Bay is an actual gem,” says McElroy. “It has all of the earmarks of a top-tier venture, with excessive grades and a sizeable useful resource. We’ll be getting into there later this summer season to start out advancing on it, as a result of it is a property we actually wish to sink our enamel into. With the value of gold transferring the best way it’s, different majors are going to come back to the province. And, in fact, we all know that everybody might be in search of ounces. In order that’s why we’re transferring ahead with our exploration work, intending to remain forward of the curve.”
The previous Joint Enterprise article is PROMOTED CONTENT sponsored by SKRR Exploration and produced in cooperation with The Northern Miner. Go to skrr.ca for extra info.