Metals & Mining News

The Majors are Exploring for Nickel in Top Ranked Mining Jurisdiction. Here’s Your ‘In’ | 2021-06-18 | Investing News

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It’s been a busy and productive 2021 for metals & mining explorer SKRR Exploration Inc. (TSX-V: SKRR, Forum). And as the nickel market heats up, so do the major players and those that are doing the boots-on-the-ground-work in Northern Saskatchewan. And some of the biggest players in the metals & mining space are seeing the potential here…and then some.

For metals & mining investors that may not be familiar with the Trans Hudson Corridor, it’s a resource-rich, mining-friendly jurisdiction that still remains relatively underexplored and, in many ways under appreciated.

The Trans Hudson Corridor geological formation runs from the Dakotas in the U.S., north through Saskatchewan, and veers east through the Flin Flon region of Manitoba – one of Canada’s most important mining districts – and then into Hudson’s Bay.

Now, some of the biggest names in the investment world are keying in on the nickel deposits here, and it has a lot do with the new Green Revolution.

Recently, privately-held California company KoBold Metals – backed by multi-billionaires Bill Gates and Jeff Bezos – began staking claims in northeast corner of Saskatchewan. And, yes, this is the same ground that SKRR has already been spinning drills in. And along with this, mining giant Rio Tinto has been eying nickel sites near Stony Rapids Saskatchewan with an option agreement worth up to USD$12 million over six years for an 80% stake in the project. Same neighbourhood. Same neighbours.

So it sure looks like the smart money knows where and when the rubber meets the road.



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SKRR in the News

On June 15th, SKRR signs definitive agreement to acquire the Father Lake Nickel claims in Saskatchewan consisting of nine (9) mineral claims comprising a total of over 4,700 hectares. Under the terms of the agreement, SKRR will acquire a 100% interest in the Father Lake Nickel property.

The Father Lake property is located approximately 40 kilometres northeast of the hamlet of Stony Rapids in Saskatchewan. Stony Rapids is a full service community with a commercial airport. Access to the property is via fixed wing or helicopter aircraft. From a regional perspective, the property lies along the Snowbird Tectonic Zone (SBTZ), which is a 2,800 kilometre long Archean age crustal scale structural break. Locally, the property is situated immediately south of the Grease River fault. Geologically the area is underlain by metasedimentary rocks which are intruded by a 3 kilometre long norite sill trending 065° to 080° that varies in thickness from 215 to 800 metres.

Sherman Dahl, Chief Executive Officer of SKRR, commented:

Click to enlarge“We are extremely excited to acquire the Father Lake Nickel property and add it to our expanding portfolio of assets in one of the world’s premier mining jurisdictions. The timing of this acquisition positions the Company well for a tightening nickel market.”

This acquisition adds to SKRR’s already impressive portfolio of projects that includes a massive land position in Northeastern Saskatchewan. The company has been steadily drilling for the last year-plus. SKRR is active at its Leland Project which is basically next door to Taiga Gold Corp. (TGC) (CSE.TGC) and the aforementioned SSR) while SKRR’s Olson Project shares the same region as Taiga and SSR.

Without doubt, this is a very good neighbourhood to be situated in for nickel exploration and development.

For more information, visit skrr.ca

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.

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