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Skyharbour Resources Ltd V.SYH

Alternate Symbol(s):  SYHBF

Skyharbour Resources Ltd. is a uranium exploration company. The Company holds a portfolio of uranium exploration projects in Canada's Athabasca Basin. Its projects include Moore Lake-Core Project, Russell Lake-Core Project, South Falcon, South Falcon East, Preston, East Preston, Hook Lake, and others. The Moore Uranium Project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometers (km) northeast of the Key Lake mill, over 15 km east of Denison’s Wheeler River project. The Russell Lake Project is an advanced-stage uranium exploration property totaling 73,294 hectares strategically located between Cameco’s Key Lake and McArthur River Projects. Its South Falcon Point Uranium Project covers 32,235 hectares covering nine claims over 50 km east of the Key Lake mine. The Hook Lake area is located near the northern end of the property. The Company also owns Foster property. The Company also holds seven claims totaling 23,822 hectares in and around the Athabasca basin.


TSXV:SYH - Post by User

Post by waves1on Jan 17, 2024 3:48pm
109 Views
Post# 35832068

Fully Funded & Permitted Program at Russel Lake & Moore

Fully Funded & Permitted Program at Russel Lake & Moore
Yesterday, Skyharbour Resources (SYH.v SYHBF) announced the plans for its upcoming drill program at its recently optioned 73,294 hectare Russel Lake Uranium Project.

Strategically located in the central core of the Eastern Athabasca Basin, SYH is planning 5,000m of diamond drilling in 10-12 holes over the next several months with mobilization and commencement within the next few weeks

Following the initial phase of drilling, SYH will move the drill rig over to its adjacent 100% owned 5,705 hectare high-grade Moore Uranium Project to complete 3,000m of drilling in 8-10 holes.

The combined 8,000m winter drill campaign across SYH's two core projects is fully funded and permitted.

Marking the first time SYH will be advancing its two core projects simultaneously, SYH President and CEO commented:
"This fully funded, 8,000 metre drill campaign will provide ample news flow well into the year as we advance the projects using systematic and proven exploration methodologies coupled with new geological models and targeting strategies. We are confident in the discovery potential and exploration upside at both projects given the high-grade mineralization in historical drill holes along with the many highly prospective target areas hosting the geology necessary for high-grade uranium deposition. We will also be carrying out infill and definition drilling at the high-grade zones at Moore along the Maverick Corridor.”
Over the next year, SYH is anticipating the largest combined drilling and exploration programs at both its primary projects and its partner-funded projects, thus providing substantial additional news flow and catalysts from its prospect generator business.

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