Progress announcements from SYH.v. This week, Skyharbour Resources (TSXV: SYH) partner company Basin Uranium (CSE: NCLR) announced surveying results from the Mann Lake Project.
The Mobile MT survey successfully identified conductive zones and structures along the unconformity contact and deeper in the basement. These conductive zones are prospective for graphite and/or its breakdown products, which are considered to be responsible for uranium mineralization. In addition, deep structures within the basement allow for fluid migration, which can create pathways for the precipitation of uranium mineralization along the unconformity contact and within the basement rocks.
Multiple gravity-low anomalies are defined along the southern and south-eastern portions of the tenure. Gravity lows are prospective in uranium exploration, as they can correlate to a de-silicification of the rocks that may indicate the presence of fault structures, which are prospective for graphite and/or uranium mineralization.
SYH.v is currently trading at $.51, valued at $73.51 million.
https://ceo.ca/@globenewswire/skyharbours-partner-company-basin-uranium-corp-announces-8af02