NR Skyharbour Announces Additional Assay Results from South Bay Mine Project, NW Ontario Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces additional assay results from its 100% owned south Bay Zinc-copper-silver project, located in Dent and Mitchell township, 80 km east north east of Red Lake, Ontario. The 3200 Acre property includes the former South Bay zinc-copper-silver mine (Selco) which produced 1.6 million tons of ore grading 14.5% Zn, 2.3% Cu, and 3.5 oz/t Ag.
South Bay Claims Map, NW Ontario:
https://www.skyharbourltd.com/s/Image.asp?i=maps/SYH_South_Bay_Map_new.jpg
Skyharbour has encountered Volcanogenic Massive Sulphides (VMS) mineralization over significant intersections in its drill program. Assays have been received for holes SB08-6 through SB08-8. A significant zone of VMS mineralization has been identified in drill hole SB08-6, which is reported below.
Note: In hole SB08-6, core from 263.8 metres to 267.3 metres (3.5 metres) was ground with no recovery in the main part of the mineralized zone.----------------------------------------------------------------------------Hole # From To Intercept Zn Cu Ag Au----------------------------------------------------------------------------SB08-6 261.3m 263.8m 2.5m 2.51% 0.11% 12.8g/t -----------------------------------------------------------------------------Incl. 262.3m 262.8m 0.5m 2.02% 0.10% 12.3g/t -----------------------------------------------------------------------------Incl. 263.3m 263.8m 0.5m 4.94% 0.11% 13.3g/t 490ppb---------------------------------------------------------------------------- 267.3m 269.2m 1.9m 2.25% 0.14% 8.86g/t 500ppb----------------------------------------------------------------------------Incl. 268.2m 268.7m 0.5m 3.18% 0.21% 12.5g/t 1570ppb----------------------------------------------------------------------------SB08-7 301.3m 305.5m 4.2m 0.39% - - -----------------------------------------------------------------------------SB08-8 87.6m 88.1m 0.5m 0.52% 0.03% 5.2g/t ----------------------------------------------------------------------------- 89.8m 91.8m 2.0m 0.68% 0.05% 6.7g/t -----------------------------------------------------------------------------
Zinc mineralization encountered in drilling 500 metres to southwest of the past producing South Bay mine shaft occurs in two zones. It is still being determined if the zinc mineralization being reported by Skyharbour is separate stratigraphic intervals or a repeated interval due to tight folding. Both zones are fine grained and include chert beds giving rise to the term 'exhalite'.
South Bay Area Geology Map:
https://www.skyharbourltd.com/s/Image.asp?i=maps/southbay-geology.gif
Drilling is currently testing a large Titan 24 chargeability / resistivity anomaly that trends from the mine workings to the recent Skyharbour zinc discovery. The compilation shows this anomaly is related to the mineralization mined at South Bay but is outside the area explored from underground. The geophysical data indicates the target 'tops out' 200 metres below surface but is open at depth.
Skyharbour has now completed 12 diamond drill holes on its South Bay property. The Company continues to drill the property at this time. A further 2 drill holes have been located in the field and are to be completed in this ongoing Phase #1 drill program.
Assays are pending from core samples split from holes SB08-9 through SB08-12, with Skyharbour currently awaiting processing by TSL Laboratory in Saskatoon.
The general area of the discovery has all the characteristics of a base metal camp. Typically a camp hosts a number of zinc-copper deposits with one or two larger deposits of 15 to 50 million tonnes and a range of much smaller deposits down to 1/2 a million tonnes. The only significant deposit found to date is the South Bay mine deposit and it is at the smaller end of the scale. This might suggest that larger deposits remain to be discovered.