Sheltered Oak to begin phase 5 Kerrs drilling in Q2
2010-01-07 11:08 NT - News Release
Mr. Robert Hanson reports
SHELTERED OAK PROVIDES UPDATE AND OUTLOOK FOR 2010
Sheltered Oak Resources Corp. has confirmed its recent and upcoming activities on the continuing development of the Kerrs gold property, and its corporate outlook.
The company's 100-per-cent-owned subsidiary, Sheltered Oak Resources Inc., and Sage Gold Inc. announced in Stockwatch on Dec. 22, 2009, that the parties closed Sheltered's acquisition of a 100-per-cent interest in what was Sage's unpatented claims and leasehold interests in the Larder Lake mining district in Kerrs township, in the Abitibi greenstone belt of Ontario. Unpatented mining claim No. L1140877 was relieved from forfeiture on Dec. 21. It was included in the Kerrs gold property transfer to Sheltered.
Sheltered Oak will release its first results from the recently completed phase 4 drilling campaign at Kerrs within the next few weeks. The phase 5 drilling at Kerrs will comprise infill diamond drilling to commence and be completed in the second quarter of 2010. The results will provide the geotechnical data required to prepare an NI 43-101-compliant resource estimate of the mineralization. The resource estimate is expected to be published before the end of the third quarter of 2010.
The company expects to make regular news releases over the next several weeks to report the Kerrs assay results as they are received and new initiatives presently under consideration. The outlook for Sheltered Oak, in 2010, is for steady, measured and progressive development of projects in the Abitibi greenstone belt.
