SKRR Strikes Major Gold Intercept On Olson Project

This is the prize that SKRR is really chasing with gold exploration on its collection of Northern Saskatchewan gold properties.

For mining investors new to SKRR, its five gold projects are all proximate to SSR Mining’s (US: SSRM / CAN: SSRM) lucrative, high-grade SeaBee Mining Complex.

SeaBee is a multi-million ounce gold mining operation producing gold at under US$500 per ounce, with head grades approaching 10 g/t gold.

SKRR’s gold exploration is led by two award-winning mining veterans: Chairman of the Board, Ross McElroy and Advisor to the Board, Ron Netolitzky. Both are intimately familiar with mining geology in Saskatchewan.

So even though this is greenstone exploration, it wasn’t a big surprise to see SKRR hit gold with several of its first drill targets.

Indeed, for investors who have been tempted by SKRR (but haven’t yet taken a position), these may be exactly the drill results you were looking for.

SKRR now an even more attractive investment

Why?

On the one hand, exploration risk at Olson is now significantly lower. “Spectacular failure” is off the table as an option. Investors know there is gold to be found on this property.

On the other hand, with gold mining stocks currently depressed, SKRR stock hasn’t moved that far (yet) off of these initial successful results.

SKRR is currently trading at CAD$0.30. That’s a ~20% gain from where it was trading before the drill results came out.

However, even with the gain, SKRR still has a market cap of only CAD$11.2 million. The stock could run a considerable distance still off of the results from these drillholes simply from improved sentiment for gold mining stocks.

As an added bonus for investors taking a position now, SKRR is just getting a second drilling program underway on its Leland Gold Project. More drill results to (potentially) move the stock.

Precious metals mining stock valuations are currently depressed across the board, despite the relatively robust prices for gold and silver.

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Disclosure:

The writer holds shares of SKRR Exploration. SKRR exploration is a client of Dynamic Wealth Research.

 

 

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