$SYH - Partner company updates plans for summer exploration Azincourt Energy just announced some new plans for the summer exploration program at the East Preston uranium project.
- The primary target area was chosen through EM and gravity surveys (2018-2020), older drill programs (2019-2021), and an HLEM survey completed in December
- Contracted Terralogic Exploration to facilitate an airborne radiometric survey over the unexplored south of the property
- “An airborne radiometric survey uses a gamma-ray scintillometer mounted on an airborne platform to measure and map the natural radiation emitted by the rocks and soil the aircraft is flying over. Gamma radiation occurs from the natural decay of elements such as uranium, thorium, and potassium.” Greater the signature = greater the uranium deposits
- Permits + funding are in place for work through the winter of 2022
- $SYH holds a 15% interest in the project
Fantastic update from Azincourt. So much information about the project and the plans to expand the exploration.
https://www.globenewswire.com/news-release/2021/07/06/2258243/0/en/Azincourt-Energy-Updates-Plans-for-Summer-Exploration-Program-at-the-East-Preston-Uranium-Project.html
Also, I found this article/write-up on $SYH explaining their portfolio of properties and assets. Take a quick read (I’ll link it on the bottom). But $SYH has to be one of my favourite junior mining companies because of their business model: Partnerships with other companies while also having their 100% owned flagship mine. This lets them have an interest in different areas of uranium exploration without needing to fully fund most of them. With a current stock price of $0.365 and a mcap of $43M this is actually pretty cheap, sold off somewhat hard over the past couple of weeks, but I’m expecting another leg upwards very soon!
https://www.miningnews.net/resourcestocks-company-profiles/resourcestocks/1413157/skyharbour-ready-to-capitalise-on-uranium-upturn