SHELTERED OAK RESOURCES ANNOUNCES 2011 EXPLORATION PLANS FOR THE KERRS TOWNSHIP PROPERTIES
22 Février 2011 - 1:00PM
PR Newswire (Canada)
TORONTO, Feb. 22 /CNW/ -- Trading Symbol: TSX-V OAK TORONTO, Feb.
22 /CNW/ - Sheltered Oak Resources Corp. (OAK or the Company)
(TSXV: OAK) is pleased to announce plans to conduct a 11,500 m
drilling program on the Kerrs Quartz Green Carbonate (QGC) Breccia
Deposit located on its 100% controlled Kerrs Property and the
adjoining property located in the East Timmins Gold Camp. OAK
management is proposing an aggressive exploration program for 2011
with the following objectives: 1) Definition drilling within
the Kerrs Deposit study area to expand the mineral resource
inventory 2) Extension drilling along the Kerrs Deposit trend
towards the adjoining property 3) Stratigraphic fence drilling
across the projected Kerrs Deposit trend on the adjoining property
4) Reconnaissance drilling on a 1,600 m long parallel structure
supported by MMI geochemical anomalies The exploration program is
outlined as follows: 1. 5,000 m of delineation drilling involving
11 holes is proposed to follow-up on four areas of gold enrichment
within the Kerrs QGC breccia deposit which is undergoing a NI
43-101 resource study and estimation. The 2010 Phase 5 drilling
campaign has confirmed that gold enrichment occurs in sheeted,
pyritic quartz vein breccias zones conforming to a trough structure
developed along the fold axis over a 800 m strike length and has
lateral down-dip extensions up to 350 m. 2. 3,000 m of extension
drilling involving 7 holes is proposed to follow-up on the
southwest and northeast extensions of the Kerrs Deposit trend
[section 800N to section 1600N] for a distance of 800 m to the
adjoining property boundary. On section 900N, drill hole K-10-42
returned 3.84 g/t over 6.5 m and on section 1500N, drill hole
K-10-37 returned 3.54 g/t over 4.8 m. 3. 2,000 m of stratigraphic
fence drilling involving 5 holes is tentatively planned on the
Kerrs QGC breccia deposit trend projected southwestward on to the
adjoining property. This property is contiguous to the northwest
boundary of OAK's Kerrs Gold Property. The Kerrs QGC Breccia Trend
has been extrapolated over a distance of 1,500 m encompassing the
auriferous porphyries drilled by Dome Mines which are coincident
with magnetic low features. Historical drilling in the central
portion of the property intersected quartz feldspar porphyry with
anomalous gold values within a large magnetic low region, which
will be the focus of the first cross-section drill fence. Dome
Mines explored the project area from 1977 to 1989. Fifty-five
diamond drill holes totaling 10,279 m 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,
magnetite. The volcanic stratigraphy shows an arcuate fold
geometry, which is interpreted from regional airborne magnetic
surveys to be a large antiform occupying most of Chesney Bay of
Lake Abitibi and the eastern portion of Kerrs Township 4. 1,500 m
of reconnaissance drilling will involve 3 holes testing a 1,600 m
long parallel structure supported by MMI geochemical anomalies with
similar pathfinder elements to the Kerrs Deposit. This trend is
located 1.5 km to the south of the Kerrs QGC breccias deposit.
Peter Hubacheck, P.Geo. is a Qualified Person as defined by
NI43-101 and has reviewed and authorized the geotechnical material
in this news release. ABOUT SHELTERED OAK RESOURCES CORP. Sheltered
Oak Resources Corp. is focused on mineral exploration opportunities
within Canada and owns a 100% interest in 42 mining claims
including one mining lease totaling 4,672 hectares which comprise
the Kerrs Gold Property, located in the prolific area of the
Abitibi Greenstone Belt in northeastern Ontario.There are
78,487,235 issued and outstanding common shares of Sheltered Oak
Resources Corp. Should you wish to receive informational updates on
Sheltered Oak Resources Corp. please contact jennie@chfir.com.
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. 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. To view this
news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/22/c4366.html
table valign="top" border="0" cellspacing="0"tr valign="top"td
valign="top" align="center"bSheltered Oak Resources Corp./bbr/ J.J
Elkinbr/ President and CEObr/ (T) 416-628-5802br/ (F)
416-628-5051br/ (E) a
href="mailto:jj@shelteredoak.com"jj@shelteredoak.com/a/td td
valign="top" align="center"bSheltered Oak Resources Corp/b.br/ Art
Hampsonbr/ Chief Financial Officerbr/ (T) 416-628-5802br/ (F)
416-628-5051br/ (E)a
href="mailto:ahampson@shelteredoak.com"ahampson@shelteredoak.com/a/td
td valign="top" align="center"bCHF Investor Relations/bbr/ Jeanny
Sobr/ Director of Operationsbr/ (T)416 868 1079 ext. 225br/ (F)416
868 6198br/ (E)a
href="mailto:jeanny@chfir.com"jeanny@chfir.com/a/td/tr/table
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