VANCOUVER, BC, July 22,
2024 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR)
(FSE: B04Q) ("SKRR" or the "Company") is pleased
to announce that summer drilling has commenced to test conductors
on the Clearwater West property which is located 13km to the south
of Fission Uranium's Triple R uranium deposit (see SKRR's news
release dated June 18, 2024).
Clearwater West is an early-stage exploration project
prospective for uranium mineralization. The uranium mineralization
model for the Clearwater West property is basement hosted and
structurally controlled Athabasca
Basin unconformity related deposits.
SKRR has an option to acquire up to a 70% interest in the
Clearwater West Project from F3 Uranium Corp. (TSXV: FUU)
("F3").
Summary of the Clearwater West Property
The Clearwater West Project is comprised of 3 contiguous mineral
claims totaling approximately 11,786 hectares and is located ~20km
outside the edge and in the south-west area of the Athabasca Basin in Saskatchewan. SKRR cautions that past results
or discoveries on proximate lands are not necessarily indicative of
the results that may be achieved on the Clearwater West
Project.
Basement hosted Athabasca
unconformity related deposits often feature unique characteristics
that can be identified by various geophysical surveys. A VTEM
survey flown over the property in early 2014 defined
electromagnetic (EM) conductors, some of which are interpreted to
be possible extensions of the EM conductors identified on the PLS
property immediately to the north.
F3's experienced and successful management and technical team,
with a track record of three major high-grade uranium discoveries
in the Athabasca Basin region
since 2010 (Waterbury Lake project J Zone, PLS Triple R deposit and
most recently the PLN JR Zone) will operate and manage Clearwater
West.
Qualified Person
The scientific and technical contents of this news release have
been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 and have been
reviewed and approved by Michelle
McKeough, M.Sc., P.Geo., President of Terralogic Exploration
Inc., a Qualified Person. Ms. McKeough has verified the data
disclosed. The information provides an indication of the
exploration potential of the Clearwater West Project but may not be
representative of expected results.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with
properties in Saskatchewan – some
of the world's highest ranked mining jurisdictions. The primary
exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium,
precious, and base metal deposits. The Trans-Hudson Orogen –
although extremely well known in geological terms has been
significantly under-explored in Saskatchewan. SKRR is committed to all
stakeholders including shareholders, all its partners and the
environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, statements relating to the drill
program at the Clearwater West project, statements relating to the
technical, financial and business prospects of the Company, its
projects, its goals and other matters. All statements in this news
release, other than statements of historical facts, that address
events or developments that the Company expects 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, risks related to the inherent uncertainty of exploration
and cost estimates and the potential for unexpected costs and
expenses and those other risks filed under the Company's profile on
SEDAR+ at www.sedarplus.ca. 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, failure to secure personnel and equipment for work
programs, adverse weather and climate conditions, failure to obtain
or maintain all necessary government permits, approvals and
authorizations, decrease in the price of gold, copper, uranium and
other metals, failure to obtain or 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.
SOURCE SKRR EXPLORATION INC.
