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SKRR Exploration Inc.
Summary
| Project: | Olson | |
|---|---|---|
| Deposit: | Olson | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2020: SKRR Exploration Inc. announces a Supporting Acquisition report for its Olson deposit at the Olson project. Summary of property in support of acquisition. Eagle Plains Resources Ltd. (“Eagle Plains”) owns a 100% interest in the Olson property, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Kenwood (Independent) | |
| ABSTRACT: | Eagle Plains Resources Ltd. (“Eagle Plains”) owns a 100% interest in the Olson property, located 100 km east of La Ronge, Saskatchewan. This report has been produced at the request of the management of Canex Energy Corp. (“Canex”) for filing with the TSX Venture Exchange (“TSX-V”), in connection with their option agreement with Eagle Plains on the Olson property. The purpose of the report is to summarize previous work performed in the area and on the currently configured Olson property, and to provide recommendations for further exploration of the property, if warranted. The Olson Property is located in the Northern Mining District of east-central Saskatchewan, 75 km south of the Seabee Mine and 115 km west of Flin Flon, Manitoba. The Olson dispositions consist of nine MARS claims covering a total area of 3868.2 hectares and were staked in 2017 by Eagle Plains Resources Ltd. who own a 100% interest in the claims. The community of Deschambault, with an all-weather road is located 17.5 km away. The property can be accessed by float or ski equipped aircraft out of La Ronge or Missinnippee. Due to the small size of some surrounding lakes, certain areas are only accessible by helicopter. Canex Energy Corp. has executed an option agreement with Eagle Plains whereby Canex may earn up to a 75-per-cent interest in the Olson property by completing $3.0-million in exploration expenditures, by making cash payments totaling $250,000 and issuing one million voting-class common shares to Eagle Plains over five years. | |
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