TSXV:SYH - Post Discussion
Post by
waves1 on Jan 17, 2024 3:48pm
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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