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Skarb Exploration Corp. (CSE:SKRB) New Listing

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The company is engaged in the business of mineral exploration in Canada.

Additional Information:

Company: Skarb Exploration Corp.
Stock Symbol: CSE: SKRB
Date Published: Feb 15, 2019
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Skarb Exploration Corp. (CSE:SKRB) is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “SKRB”.

The company is engaged in the business of mineral exploration in Canada.

Skarb Exploration has an option to acquire a 100% interest in the RDR Gold Project, which is located approximately 264 kilometers north-east of Val-d’Or in the province of Québec and 10 km south-east of the town of Waswanipi.

The property, consisting of 16 claims covering 892 hectares, overlies the central core of the Abitibi Greenstone Belt within the Superior province.

To complete the terms of the option, Skarb made cash payments of $50,000, transferred 1,550,000 shares of the company and is required to incur $1 million in staged qualified exploration expenditures over 28 months.

The first geological survey in the claims area was conducted in 1927, with other companies investigating for both gold and base metal mineralization over the years.

In 2017, an exploration program designed to test areas on the claims that were identified as favourable targets for exploration, such as geophysical anomalies and structures, included soil sampling, prospecting, mapping, backpack diamond drilling, and a Beep Mat geophysics survey.

There are several active and closed mines with estimated resources adjacent to the RDR Gold Property.

The company is budgeting $212,000 for the first phase of work to consist of a follow up Induced Polarization survey in the areas of soil anomalies associated with the Lamarck Fault.

The recommended survey would total approximately 35.4 kilometers of survey lines and 5 kilometers for the base line.

For more information, please contact Craig Parry, CEO, at 778-379-3211.

I’m Erica James for Investmentpitch Media