Sheltered Oak's Phase 6 Drilling Program at the Kerrs Township Properties is Now Underway
20 Juli 2011 - 2:00PM
Marketwired Canada
Sheltered Oak Resources Corp. ("OAK" or "the Company") (TSX VENTURE:OAK)
reported that drilling on the Kerrs Gold Deposit located on its 100% controlled
Kerrs Property and the adjacent property in the East Timmins Gold Camp is now
underway.
An 11,500 m drilling program is proposed with the following objectives:
1) Definition drilling within the Kerrs Quartz Carbonate Breccia Zone (KBX
Zone) hosted in the Kerrs Gold Deposit to expand the mineral resource
inventory
2) Extension drilling along the KBX Zone towards the adjoining property
3) Stratigraphic fence drilling across the projected Kerrs Deposit trend on
the adjoining property; and
4) Reconnaissance drilling on a 1,600 m long parallel structure supported
by MMI geochemical anomalies.
The exploration program is outlined as follows:
a. 8,300 m of in-fill and extensional drilling on Kerrs Gold Deposit
b. 1,200 m of reconnaissance drilling on parallel structure supported by
MMI geochem anomalies
c. 2,000 m of extensional drilling on the Kerrs Gold Deposit trend
projected on to the Adjacent Property. The Adjacent Property is
contiguous to the northwest boundary of OAK's Kerrs Property. Dome
Exploration explored the project area from 1977 to 1989 with 55 diamond
drill holes totaling 10,279 m that tested geophysical, stratigraphic and
mineralized targets. Gold mineralization is associated with quartz,
carbonate, pyrite in narrow, altered brecciated zones of mafic volcanic
rocks and chert, jasper, pyrite and magnetite. The volcanic stratigraphy
shows an arc-shaped fold geometry which is interpreted from regional
airborne magnetic surveys to be a large antiform occupying most of
Chesney Bay and the eastern portion of Kerrs Township. Historical
drilling in the central portion of the property intersected significant
amounts of quartz feldspar porphyry. The Kerrs Gold Deposit trend has
been extrapolated over a distance of 1,500 m encompassing the auriferous
porphyries drilled by Dome Exploration.
The Company also announced their new website www.shelteredoak.com has been
launched and visitors are most welcome.
ABOUT SHELTERED OAK RESOURCES CORP.
Sheltered Oak Resources Corp. is focused on mineral exploration opportunities
within Canada and owns a 100% interest in 27 mining claims including 12 mining
lease totaling 4,176 hectares which comprise the Kerrs Gold Property, located
east of Matheson in the prolific area of the Abitibi Greenstone Belt in
northeastern Ontario. The Company has also acquired an option to earn a 60%
interest in 46 mining leases comprising the Adjacent Property
Peter Hubacheck, P.Geo. is a Qualified Person as defined by NI 43-101 and has
reviewed and authorized the geotechnical material in this news release.
Should you wish to receive informational updates on Sheltered Oak Resources
Corp. please contact alyson@chfir.com.
Some statements contained in this release are forward-looking and, therefore,
involve uncertainties or risks that could cause actual results to differ
materially. Such forward-looking statements include comments regarding the
expectation and timing of the first mineral resource estimate. Factors that
could cause delays in the computation of the resource estimate include:
obtaining first order survey control on drill hole collars, verifying and
validating the geological and assay database, availability of independent
Qualified Persons to execute geometric polygonal and geostatistical estimation
methods and approvals from regulatory agencies during the NI 43-101 review
process in advance of public disclosure. OAK disclaims any obligation to update
forward-looking statements unless required by law.
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