NRSkyharbour Announces Results From Drill Hole #12, South Bay Mine Project, NW Ontario
Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces analytical results from drill holes SB08-12 has been received from its 100% owned South Bay zinc-copper project, located in Dent and Mitchell Townships, approximately 80 km east north-east of Red Lake, north western Ontario.
South Bay Claims Map, NW Ontario: https://www.skyharbourltd.com/s/Image.asp?i=maps/SYH_South_Bay_Map_new.jpg
To date, 3 new zinc bearing zones have been located within 500 metres of the former South Bay zinc-copper mine. All three zones are associated with Titan 24 anomalies and are in areas that have never been drill tested. All of the zones appear to bear strong geochemical signatures typical of base metal systems.
Hole SB08-12 was drilled approximately 250 metres southwest of the former South Bay mine and encountered three zones of zinc mineralization. Zinc values are as follows:
----------------------------------------------------------------------------Hole No. From M To M Length M Zn %----------------------------------------------------------------------------SB08-12 69.3 72.3 3 1.14----------------------------------------------------------------------------inclu 70.3 71.3 1 1.47----------------------------------------------------------------------------SB08-12 106.2 110.2 4 1.95----------------------------------------------------------------------------inclu 107.2 108.2 1 2.65----------------------------------------------------------------------------inclu 108.2 109.2 1 3.09----------------------------------------------------------------------------SB08-12 459.5 479.0 19.5 0.69----------------------------------------------------------------------------inclu 459.5 464.0 4.5 1.88----------------------------------------------------------------------------inclu 464.0 465.0 1 1.45----------------------------------------------------------------------------inclu 477.0 478.0 1 1.12----------------------------------------------------------------------------
The Company continues to wait for assay results for hole #14 currently awaiting processing by TSL Laboratory in Saskatoon.
Skyharbour Resources has also contracted to JVX geophysics of Toronto to conduct down hole Induce Polarization probing of 11 phase 1 drill holes on the South Bay zinc-copper project which is to start immediately. This survey will give the Company a definitive picture of where stronger mineralization might be expected in order to effectively target a phase 2 drill program.
Skyharbour Resources has approximately $2.0 million in working capital and no d