NEWSLooks like SYH is beginning their drill program on our property as well. Should provide for a boost in SP today
Skyharbour mobilizes drill rig to McKenzie project
2006-01-09 08:11 ET - News Release
Mr. Don Huston reports
DRILL RIG MOBILIZING TO MCKENZIE ISLAND GOLD PROJECT, RED LAKE, ONTARIO
Skyharbour Resources Ltd.'s phase I winter diamond drill program on its 20-per-cent-owned (Cypress Development Corp. owns the other 80 per cent) McKenzie Island gold project located in Red Lake, Northwestern Ontario, is about to commence. The drill rig (Rodren Drilling, Winnipeg) is being mobilized at this time and the drill is expected to start to turn about mid-January, 2006.
The companies have delineated drill targets from a recently completed closely spaced induced polarization survey (IP) and detailed magnetometer survey. The surveys have confirmed an extensive geological alteration within an embayment of volcanic rocks to the south and to the west of the gold mineralization (166,000 ounces at 0.53 ounce per ton resource estimate) found on the Western Discovery zone of Southern Star/Exall Resources (SSR/EXL) property.
Skyharbour Resources will drill test the possible westward extension of the Western Discovery zone onto the McKenzie Island property. A review of the exploration data compiled to date suggests the controlling structure on this mineralized Western Discovery zone of SSR/EXL is shown to be shallow dipping to the west. With this dip, it is considered that the prospective mineralization would lie at a depth of 550 to 650 metres along the eastern edge of the adjoining Skyharbour property. This target area is well within an effective drilling range