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SKRR Exploration Inc. Signs Definitive Agreement to Acquire the Cathro Gold Project, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2020) - SKRR Exploration Inc. ( TS...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"SKRR Exploration Inc. Signs Definitive Agreement to Acquire the Cathro Gold Project, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - February 12, 2020) - SKRR Exploration Inc. (TSXV: SKRR) (\"SKRR\" or the \"Company\") is pleased to announce it has signed an option agreement to acquire 100% of the Cathro gold exploration project located approximately 50km northeast of La Ronge, Saskatchewan (the \"Cathro Project\") from Eagle Plains Resources Ltd. (the \"Vendor\").Cathro Project Overview & HistoryThe 3,277 ha Cathro property covers a suite of LaRonge Greenstone Belt volcanic rocks known to host structurally-controlled gold mineralization including the historic Contact Lake Deposit (SMDI 0619), located approximately 10km south of the property. The first mineralization in the area was identified by prospectors in 1958. During the 1960's Great Plains identified Au-bearing quartz shears associated with metavolcanic rocks. They completed airborne EM and magnetic geophysical surveys, followed up by geological mapping and trenching and a shallow 7-hole diamond drilling program. The area was mostly dormant until the late 1980's when Cogema became active in the area. The last significant work program was in 1994 by Uranerx Exploration who identified a number of target area using soil sampling and prospecting.There are four documented gold occurrences within the claim boundaries. Vidgy Lake (SMDI 2294) has seen the most historic work. The Vidgy Lake mineralization is associated with a 100m-wide by 2km- long shear zone developed along an intrusive -metavolcanic contact. Quartz veins within the shear zone commonly carry visible gold. Highlights from a 1988 program by Cogema returned the following results:Sample #Sample Type Au g/tDescription492RR-1404grab72quartz in meta volcanics492RR-1406grab100grey quartz492RR-1452chip (width unknown)21.2quartz veining492RR-1456chip (width unknown)29.2quartz with visible gold492RR-1459grab18.8quartz with visible gold492RR-2013grab38.7quartz with visible gold Cogema exposed the main Vidgy Zone over a strike length of 21m with a maximum vein width of 2.5m. Five lines of continuous chip samples collected at 4.0m intervals across the Vidgy structure returned the following results:Chip Sample Width (m)Au in g/t2.08.12.74.42.55.62.01.52.00.93 In 1989, Cogema followed up with an eight-h...