Former Claude Resources CEO and President joins SKRR as Special Advisor
On August 20, 2020;
SKRR Exploration (CAN:
SKRR / US:
SKRRF) announced the appointment of Brian Skanderbeg as a special advisor to the Board of Directors.
Understanding
why this is a coup for SKRR’s gold exploration program requires a bit of a regional history lesson.
Saskatchewan (specifically Northern Saskatchewan) is a well-established mining jurisdiction – but woefully under-explored when it comes to gold.
Hundreds of occurrences of gold mineralization have previously been identified in the province. Yet only 1% of gold exploration spending in Canada has flowed into Saskatchewan.
That began to change when
Claude Resources made a big discovery: a large deposit of high-grade gold mineralization at (what would become) the Seabee Gold Mine.
Located approximately 125 kilometers northeast of La Ronge, Saskatchewan, Claude Resources commenced commercial gold mining operations at Seabee in 1991.
With head grades approaching 10 g/t gold and cash costs below US$500/oz, the Seabee Mine (and mill) was a highly profitable operation for Claude Resources. Claude’s President and CEO as it advanced its gold mining operations was Brian Skanderbeg.
Claude Resources ultimately met the fate of many successful junior gold mining companies. It was acquired in 2014 by an even larger precious metals miner –
Silver Standard Resources (US:SSRM / CAN:SSRM).
Following Silver Standard’s $337 million acquisition, Skanderbeg has moved on to new opportunities. He is currently the CEO of GFG Resources Inc.
While Skanderbeg is no longer involved with the Seabee Gold Mining Complex, he retains all the knowledge and experience that he acquired with respect to regional geology and mining operations.
SKRR has built up a portfolio of prospective gold properties in Northern Saskatchewan, most of which are closely proximate to Seabee. Skanderbeg’s expertise will be an important asset as management maps out its exploration program.
Dynamic Wealth Research most recently updated investors on SKRR’s operations in a July 22nd feature article.
SKRR was in the process of consolidating its Irving-Leland land package. It’s the fourth North Saskatchewan gold project for SKRR – and the closest to Seabee’s mining operations.
Previous mining and current reserves of this high-grade gold now total well over 2 million ounces.
SSR Mining has been spending millions on additional exploration in this emerging gold district, both on its own property and in a joint venture with Taiga Gold Corp (CAN:TGC / US:TGGDF). SKRR has its own joint venture with Taiga (on
the Leland Property).
SKRR has
just closed on a CAD$1.175 million private placement. Its 2020 exploration program is now in full swing.
It was a particularly opportune time to add Skanderbeg’s expertise to the mix.
Combined with the award-winning exploration prowess of Ross McElroy and Ron Netolitzky, SKRR has assembled all of the ingredients for gold exploration success in Northern Saskatchewan.
Both SKRR and SSR Mining may ultimately end up discovering more gold in this emerging district.
But with a market cap of only CAD$10 million (versus US$2.65
billion for SSR Mining) mining investors can get a lot more traction with SKRR.
Gold is already hot. The mining stocks are just beginning to catch up.
SKRR Exploration just gave gold mining investors one more reason to take a closer look.
DISCLOSURE: SKRR Exploration is a client of Dynamic Wealth Research.
