Sheltered Oak's Phase 6 Drilling Program at the Kerrs Township Properties is Now Underway
July 20 2011 - 8:00AM
Marketwired
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Sheltered Oak Resources Corp. J.J Elkin President and
CEO 416-628-5802 416-628-5051 (FAX) jj@shelteredoak.com Sheltered
Oak Resources Corp. Art Hampson Chief Financial Officer
416-628-5802 416-628-5051 (FAX) ahampson@shelteredoak.com
www.shelteredoak.com CHF Investor Relations Jeanny So Director of
Operations 416 868 1079 ext. 225 416 868 6198 (FAX)
jeanny@chfir.com
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