Sheltered Oak Resources Corp.
TSX VENTURE : OAK

Sheltered Oak Resources Corp.

September 08, 2011 07:30 ET

Sheltered Oak Announces First Results from Phase 6 Drilling at the Kerrs Township Properties

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Sheltered Oak Resources Corp. ("OAK" or "the Company") (TSX VENTURE:OAK) announced drilling results today from the first six holes completed on the Kerrs Gold Deposit located on its 100% controlled Kerrs Property and the adjacent property in the East Timmins Gold Camp.

Highlights from these results in the Kerrs Gold Deposit are:

SECTION 1200N:

  • DDH K – 11 – 44: KBX ZONE: 5.64 m averaging 3.37 g/t Au
  • DDH K – 11 – 45 : KBX ZONE : 5.00 m averaging 4.69 g/t Au

SECTION 1100N:

  • DDH K – 11 – 46 : KBX ZONE : 4.92 m averaging 4.11 g/t Au

SECTION 1400N:

  • DDH K – 11 – 47 : ALTERATION ZONE : 4.7 m averaging 1.54 g/t Au

EXPLORATION DRILLING SUMMARY

From June 29, 2011, to September 1, 2011, a total of fifteen (15) holes have been drilled totalling 6,117 metres. Nine definition holes have been targeted for in-filling to improve the spacing distance between intercepts on higher grade sections of the Kerrs Quartz Carbonate Breccia Zone (KBX Zone) hosted in the Kerrs Gold Deposit. Drill holes K-11-44, 45, 46 and 47 focused on sections 1100N, 1200N and 1400N; and their assay composite results are reported in the table below which includes adjacent historical holes on each section for grade continuity purposes.

Reconnaissance Holes K-11-53 and 54 tested a 1,699 m long parallel structure supported by MMI geochemical anomalies. A quartz-carbonate shear zone was intersected in both holes confirming the geophysical and geochemical interpretation, however, no mineralization was encountered.

Four holes have been completed on the adjoining property under option from Goldcorp Canada Ltd. and Goldcorp Inc. targeting the extension of the Kerrs Gold deposit hosted in similar volcanic stratigraphy observed as an arc-shaped fold geometry which is interpreted from regional airborne magnetic surveys. Assays are pending for these holes.

Five extensional drill holes have been completed on sections 1500N, 1600N and 1700N and have successfully extended the KBX Zone along strike and to depth. Assays are pending for these holes.

The exploration drilling results for K-11-44, 45, 46 and 47 are outlined as follows:
Drill
Section
Drill
Hole
From
(m)
To
(m)
Interval
*
Tr_Thick Comp. Grade Au (g/t) Intercept Spacing (m)
1100N K-87-16 304.8 333.1 28.35 9.60 1.17 67
1100N K-05-01 372.0 385.7 13.70 4.80 4.02 104
1100N K-11-46 327.0 333.0 6.00 4.92 4.11 125
1100N K-09-22B 441.6 447.2 5.60 5.10 2.45 185
1100N K-09-25 372.5 383 10.50 9.60 0.88
1200N K-05-02 254.12 260.21 6.09 6.09 1.52 7
1200N K-05-04 249.00 254.25 5.25 4.36 0.69 36
1200N K-08-18 276.4 288.0 11.60 9.05 1.43 84
1200N K-08-17 353.0 361.0 8.00 7.52 2.80 75
1200N K-11-44 380.0 386.0 6.00 5.64 3.37 78
1200N K-05-07 421.0 431.3 10.30 10.09 2.90 92
1200N K-11-45 401.8 407.1 5.30 5.00 4.69 90
1200N K-06-08 430.6 436.2 5.60 5.26 0.64
1400N K-10-36 301.8 308.4 6.60 5.87 0.85 98
1400N K-10-35 324.0 330.0 6.00 5.52 2.28 87
1400N K-06-12B 428.2 436.0 7.80 7.18 2.67 126
1400N K-11-47 358.0 362.7 4.70 3.90 1.54 186**
1400N K-06-10 511.3 518.0 6.70 6.16 2.19
* All intervals are represented as down-hole core lengths. True widths(TW) are corrected by 35% to 95% of core length. The intercept spacing is the distance between the drill hole pierce points in the KBX Zone measured from the midpoint of each composite grade interval in the downdip Azimuth direction of 130 degrees.
** The intercept in K-11-47 may be a secondary zone overlying the KBX Zone; the drill hole will be deepened to a depth of 550 to 600 metres to test for the KBX Zone which is interpreted to be steeper dipping on this section.

Quality Assurance and Quality Control

The Phase 6 diamond drilling program involving geological core logging, sampling and drilling logistics is supervised by Peter Hubacheck, P.Geo. (APGO) providing geological management via Hubacheck Consulting Geologists (HCG), an affiliate of W. A. Hubacheck Consultants Ltd. Peter Hubacheck is a Qualified Person as defined by NI 43-101 and has reviewed and authorized the geotechnical material in this news release. Drill core processing includes descriptive logging, geotech logging, photographing and selection of drill core intervals to be cut assay samples and geochemical analyses. The NQ-size core was cut in two halves using stationary rock saws at a secure core processing facility located on the Wahgoshig First Nations IR70 Reserve on Abitibi Lake, Ontario. One-half of the core was delivered to the sample preparation lab of AGAT Laboratory in Sudbury where each 5 kg sample was crushed to 75% passing 2 mm, split to 250g and pulverized to 85% passing -230 mesh. These pulps were then shipped to AGAT Laboratory in Mississauga, Ontario for analyses. The gold assaying method uses a standard Fire Assay with AAS finish on a 50-gram pulp material taken from a 250 g split from the submitted sample as well as duplicate assays performed on a separate 250 g split for every ten samples for lab quality control. Each pulp was also analysed for 43 trace elements using Aqua Regia Digest with ICP-OES finish. In addition, specific gravity determinations for each pulp employed the pychnometer method. Commercially prepared standards and blanks were inserted by the project QP every 10 samples to insure precision of the results. Levert Drilling from Sudbury and Crites Drilling from Timmins are the contracted drillers for the Kerrs Property with drill logistics management sub-contracted to Abitibi 70 Exploration Services from Matheson.

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 from Goldcorp Canada Ltd. and Goldcorp Inc.

Should you wish to receive informational updates on Sheltered Oak Resources Corp. please contact jennie@chfir.com.

Some statements contained in this news 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 timely disclosure of the results of a diamond drilling program. Factors that could cause delays in reporting the exploration drilling results include: verifying and validating the geological logging, modelling and assay lab QA/QC protocols, verifying and validating the drill hole location co-ordinates and downhole surveys. Although OAK has attempted to identify important factors that could cause actual actions, events or results may differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers should not place undue reliance on any forward-looking statements. 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.

Contact Information

  • 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

    CHF Investor Relations
    Jeanny So
    Director of Operations
    416 868 1079 ext. 225
    416 868 6198 (FAX)
    jeanny@chfir.com