Having amassed over 518,000 hectares of uranium prospective properties including two contiguous co-flagship projects in the Athabasca Basin, Skyharbour Resources (SYH.v SYHBF) is perfectly positioned for the uranium bull market.
Today, SYH announced that its partner company, Tisdale Clean Energy, has begun exploration at the South Falcon East Uranium Project which hosts the Fraser Lakes Zone B uranium deposit.
Lying just outside the edge of the Athabasca Basin, South Falcon is a uranium exploration project covering 12,464 hectares where historical exploration identified an area of U-Th-REE mineralization over an area comprising 1.5km by 0.5km, with mineralization open in all directions.
Commencing in early 2024, the extensive preliminary drill program will consist of ~2,000m of drilling with the priority to confirm and expand the existing mineralization associated with the deposit.
Infill drilling will confirm the presence and continuity of existing mineralization in preparation for an updated resource estimate and model in the future.
The second priority will be to begin regional exploration to discover additional mineralized zones and deposits along the folded structural package.