SYH.v continues to report encouraging updates. September has proven to be a catalyst month for Skyharbour Resources (TSXV: SYH). Most recently, the company reported the identification of new uranium targets at the Hook Lake Project in the Athabasca Basin.
SYH’s partner company Valor completed an airborne gravity gradiometry survey in May-June this year and following an interpretation of the data, eleven new targets have been defined. The airborne gravity survey was designed to identify gravity lows. The hydrothermally clay altered host rocks associated with unconformity uranium deposits will have a lower density than the surrounding rocks and will present as gravity lows.
A site visit has also been completed to review the airborne gravity survey targets and assess the local geology. Follow-up work in the form of radon surveys and lake sediment sampling are currently being planned over the highest-priority targets.
Valor chairman George Bauk made a very optimistic statement in the company’s press release that you can read in the link below.
SYH.v is currently trading at $.38, valued at $54.84 million.
https://ceo.ca/@globenewswire/skyharbours-partner-company-valor-resources-identifies