SKRR Exploration Inc. (SKRR) is thrilled to announce positive results from its recent drilling program at the Clearwater West property. Following the signing of an option agreement with F4 Uranium, the summer drilling program, which targeted airborne and ground conductors, has concluded with 6 drill holes completed, totaling 1,317.8m. The key highlight is the discovery of anomalous radioactivity in drill hole CWW24-009, which tested a previously unexplored conductor. This anomalous radioactivity was detected over a 4.0m interval, with a maximum reading of 410 cps, and is associated with graphitic and sulphide-rich shear zones.
Ray Ashley, CEO of F4 Uranium, expressed enthusiasm about the findings, stating, “We are very encouraged by the results of the first drill program since the signing of the Option Agreement between SKRR and F4 on Clearwater West. Drill hole CWW24-009 of the 2024 summer drill program has intersected anomalous radioactivity associated with graphitic and sulphide rich shear zones on a previously undrilled conductor. This shows that the geophysical surveys are leading us to the kinds of geological features that we are looking for as they are often associated with basement hosted and structurally controlled uranium mineralization. Additional ground geophysics is being planned at Clearwater West to guide future follow up drilling.”
The drilling program also yielded promising results in holes CWW24-006 and CWW24-007, where strong conductance was identified. These holes intersected intensely brecciated and strongly graphitic and sulphide-rich brecciated fault zones. Follow-up drilling along the strike towards the northeast is planned for the winter drilling season.
The encouraging results from CWW24-009, which lacked ground resistivity coverage, have prompted SKRR to consider expanding the existing ground geophysics coverage to the northeast. Basement hosted and structurally controlled uranium deposits are frequently characterized by their association with graphitic and sulphide-rich shear zones, often identified as EM conductors and targeted for drilling. Resistivity surveys are frequently utilized to identify alteration and structures, with low resistivity readings alongside conductors serving as typical drill targets for uranium exploration.
Summer 2024 Exploration Highlights:
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CWW24-006
: A 7.4m shear zone was discovered from 112.6m to 120.0m, containing fault breccia consisting of graphite and extensive sulphide mineralization within the breccia matrix.*
CWW24-007
: A 5.2m shear zone was identified from 80.5m to 85.7m, characterized by fault breccia with graphite and significant sulphide mineralization in the breccia matrix.*
CWW24-009
: A 3.6m shear zone was discovered from 136.1m to 139.7m, with graphitic and moderate sulfide mineralization. Additionally, a 0.5m interval of anomalous radioactivity was detected from 145.0m to 145.5m with a peak of 310 cps, followed by a 1.0m interval of anomalous radioactivity from 152.0m to 153.0m with a peak of 410 cps. A 4.0m interval with anomalous radioactivity was also identified from 158.5m to 162.5m with a peak of 410 cps. The hole also encountered a 5.6m shear zone from 200.4m to 206.0m with graphitic and strong sulphide mineralization and another 5.8m shear zone from 250.0m to 255.8m with graphitic and moderate to strong sulphide mineralization.Natural gamma radiation measurements were conducted using a handheld Radiation Solutions RS-125 scintillometer, with readings exceeding 300 cps considered anomalous. It’s important to note that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. Samples from the drill core were split into half sections on site, standardized at 0.5m intervals, and sent to SRC Geoanalytical Laboratories in Saskatoon, SK for analysis. The analysis encompassed a 63-element suite, including boron by ICP-OES, uranium by ICP-MS, and gold analysis by ICP-OES and/or AAS.
SKRR holds an option to acquire up to a 70% interest in the Clearwater West Property by making cash payments, issuing shares to F4 Uranium, and funding exploration work. F4 serves as the operator during the earn-in period.
The Clearwater West Project, located ~20 km outside the Athabasca Basin, is considered a prospective area for the development of major uranium mines in Saskatchewan. The property is situated 13 km south of Fission Uranium’s Triple R deposit and 17 km south of NexGen’s Arrow deposit. The Clearwater West property consists of 3 contiguous mineral claims totaling 11,786 hectares, adjacent to Fission Uranium’s PLS property. Basement hosted Athabasca unconformity related deposits often display distinctive characteristics that can be identified through various geophysical surveys. A VTEM survey conducted in early 2014 identified electromagnetic (EM) conductors, some interpreted to be possible extensions of the EM conductors discovered on the PLS property.
F4 Uranium, with its experienced team boasting a track record of three major high-grade uranium discoveries in the Athabasca Basin region, will operate and manage Clearwater West. F4 currently holds a 100% interest in the property.
The scientific and technical content of this news release has been reviewed and approved by Michelle McKeough, M.Sc., P.Geo., President of Terralogic Exploration Inc., a Qualified Person.
About F4 Uranium Corp.
F4 is a uranium project generator and exploration company, focusing on projects within the Athabasca Basin, known for its large high-grade uranium discoveries. F4 currently manages 17 projects in the Athabasca Basin, several of which are close to major uranium discoveries including Triple R, Arrow, and Hurricane. F4 has entered into option agreements on several properties, requiring incoming parties to make cash payments, issue shares to F4, and undertake exploration expenditures on the properties.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan, one of the world’s highest-ranked mining jurisdictions. Its primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan, seeking out world-class uranium, precious, and base metal deposits. The Trans-Hudson Orogen, while well-known in geological terms, has been relatively underexplored in Saskatchewan. SKRR is committed to all stakeholders, including shareholders, partners, and the environment.
