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SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

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SKYHARBOUR RES LTD ORD (SYHBF) is a resource exploration company focused on the acquisition and development of high-grade uranium projects in Canada. With a portfolio of properties in the prolific Athabasca Basin, the company is dedicated to advancing its projects through strategic partnerships and innovative exploration techniques. SKYHARBOUR's commitment to sustainability and community engagement sets it apart in the industry, ensuring responsible development practices and long-term value creation for shareholders.

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Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) announced an update on its partner company North Shore Uranium's exploration activities at the Falcon Uranium Project in Saskatchewan. North Shore is earning an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

North Shore has identified 36 uranium targets at Falcon, with 12 in Zone 1. In early 2024, they discovered near-surface uranium mineralization in two drill holes. The company is prioritizing targets based on EM conductor systems, structural interpretation, gravity and radiometrics data, and historical exploration datasets.

Three priority target areas in Zone 1 have been identified for potential future drilling, including a 3.0km trend where uranium was discovered. North Shore plans to continue target prioritization to maximize success in its next drill program.

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Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has appointed Serdar Donmez as Vice President of Exploration. Mr. Donmez, a seasoned geoscientist with nearly two decades of experience in uranium exploration and development, brings valuable expertise to Skyharbour's team. His background includes a 17-year tenure at Denison Mines Corp., where he played a important role in advancing uranium projects, particularly the Phoenix and Gryphon deposits at Wheeler River.

Mr. Donmez's appointment aligns with Skyharbour's ongoing exploration efforts at its Russell and Moore Lake projects, where recent drilling has revealed high-grade uranium mineralization. The company has a 2,500m drill program underway at Moore and plans an additional 4,000-5,000m program at Russell this fall. His expertise is expected to be instrumental in advancing these projects and expanding Skyharbour's resource base in the Athabasca Basin.

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Skyharbour Resources (TSX-V:SYH) (OTCQX:SYHBF) has commenced a 2,500 metre summer diamond drilling program at its 100% owned Moore Uranium Project in Saskatchewan's Athabasca Basin. The program aims to expand and further characterize the high-grade Main Maverick and Maverick East Zones. Highlights include:

- Seven to nine holes planned
- Fully funded and permitted for this program and additional 4,000-5,000 metres at Russell Lake project
- Focus on expanding mineralized zones between 250-280 metres from surface
- Utilizing existing Moore Lake camp and McGowan Lake camp at Russell Lake

The company plans to leverage local infrastructure to reduce drilling costs. Previous drilling at Moore yielded high-grade results, including 6.0% U3O8 over 5.9 metres at the Main Maverick Zone and 1.79% U3O8 over 11.5 metres at the Maverick East Zone.

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Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has entered into an agreement with Cosa Resources Corp. to sell two mineral claims, comprising approximately 6,049 hectares, from its Karin Property in Saskatchewan. In exchange, Skyharbour will receive 250,000 common shares of Cosa. The claims are located about 22 km south of the Key Lake Mill and were originally acquired through low-cost, online staking.

Skyharbour retains ownership of five adjacent claims, constituting the new Karin Project, which now covers 19,116 hectares. The project is prospective for both unconformity-related and pegmatite-hosted uranium mineralization. Historical exploration in the area has revealed potential for uranium deposits and intrusive-related REEs, with recent exploration uncovering a pegmatite outcrop containing uranium, niobium, and tantalum.

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Skyharbour Resources announced positive assay results from its 2024 winter drilling at the Moore Uranium Project, with a significant highlight of 7.30% U3O8 over 3.0m in hole ML24-08. The drilling program covered 2,864 metres in nine holes, primarily focusing on the Main Maverick Zone.

The company plans a fully-funded summer drilling program, totaling 7,000-8,000 metres across the Moore and Russell Lake projects. Preparation is underway for a 2,500-3,000 metre program at Moore and a 4,500-5,000 metre follow-up at Russell Lake.

Significant results include high-grade mineralization in hole ML24-08 (265.5m-270.5m depth) and hole ML24-03 (266.8m-278.3m depth). All holes at the Main Maverick Zone showed substantial uranium mineralization.

Exploratory holes at Grid 19 revealed anomalous geochemistry, suggesting further potential. The Company aims to further expand and delineate mineralized zones in upcoming drilling programs.

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Skyharbour Resources announced the discovery of high-grade uranium mineralization at its Russell Lake Uranium Project in Saskatchewan. During Phase One of its winter drill program, the company intersected 2.99% U3O8 over 0.5 meters at the newly identified Fork Zone. This high-grade find is the best in the project's history and is strategically located near key infrastructure, reducing drilling costs. The company is fully funded and prepared for a follow-up summer drill program of 7,000 - 8,000 meters at its Russell and Moore projects. Assays from the second phase of winter drilling at Russell and recent drilling at Moore are pending.

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Skyharbour Resources and its joint-venture partner, Orano Canada, have completed a geophysical program at the 49,635-hectare Preston Uranium Project in Saskatchewan, Canada. The 2024 program marks Orano's first exploration at Preston since 2020.

The geophysics included a 35.6 km Moving-Loop Transient Electromagnetic (ML-TEM) survey and a ground gravity survey with 2,295 stations. An upcoming Spatiotemporal Geochemical Hydrocarbons (SGH) soil sampling program will involve over 1,100 samples. The total budget for the 2024 campaign is about CAD $850,000. Orano holds a 51% interest in the joint venture, with Skyharbour and Dixie Gold each holding 24.5%.

Past exploration at Preston has identified over a dozen high-priority drill target areas. The project is strategically positioned near notable uranium discoveries by NexGen Energy, Fission Uranium, and F3 Uranium.

The technical details have been reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour.

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Skyharbour Resources announced that partner company North Shore Uranium has confirmed uranium mineralization at two targets within the Falcon Property in Saskatchewan. The highest uranium concentration recorded was 572 ppm U3O8. North Shore plans further exploration to evaluate these and other targets. The drilling results showed significant intersections at targets P03 and P08, with substantial uranium values at specific intervals. North Shore's initial focus will be on the most promising targets identified during this program. Future plans include further drilling and a detailed field program to assess additional high-priority targets.

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Azincourt Energy, a partner company of Skyharbour Resources , is commencing its 2024 winter drill program at the East Preston uranium project in Canada. The program aims to follow up on the clay alteration zone with elevated uranium discovered in 2023, utilizing up to 1,500 meters of drilling in five diamond drill holes. The project is based on identified geophysical conductors with anomalous radioactivity and elevated uranium, confirming the presence of hydrothermal alteration. Azincourt has secured permits for exploration activities until 2026 and emphasizes community consultation and engagement for the project's progress.
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Skyharbour Resources announces the commencement of a comprehensive 2024 field campaign at the Preston Uranium Project in partnership with Orano Canada Inc. The program includes geophysical surveys and soil sampling, marking the first exploration programs since 2020. Orano will operate the project with a budget of approx. CAD $850,000, with Skyharbour as a minority partner. The joint venture aims to leverage the significant potential of the Preston Uranium Project, following Orano's earn-in option interest fulfillment in early 2021.
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FAQ

What is the current stock price of SKYHARBOUR RES ORD (SYHBF)?

The current stock price of SKYHARBOUR RES ORD (SYHBF) is $0.3186 as of November 22, 2024.

What is the market cap of SKYHARBOUR RES ORD (SYHBF)?

The market cap of SKYHARBOUR RES ORD (SYHBF) is approximately 59.9M.

What is SKYHARBOUR RES LTD ORD (SYHBF) focused on?

SKYHARBOUR is a resource exploration company concentrating on high-grade uranium projects in Canada's Athabasca Basin.

What sets SKYHARBOUR apart in the industry?

The company emphasizes sustainability, community engagement, and responsible development practices.

How does SKYHARBOUR approach project advancement?

Through strategic partnerships and innovative exploration techniques, SKYHARBOUR aims to progress its portfolio of properties.

Where are SKYHARBOUR's projects located?

The company's properties are situated in the prolific Athabasca Basin in Canada.

What is SKYHARBOUR's ultimate goal?

SKYHARBOUR is dedicated to value creation for shareholders through the development of high-grade uranium projects.

Who can be contacted for further information about SKYHARBOUR?

For more details, reach out to Nicholas Coltura, the Investor Relations Manager at SKYHARBOUR Resources Ltd.

What are the key factors driving SKYHARBOUR's success?

Strategic partnerships, sustainable practices, and innovative exploration techniques contribute to SKYHARBOUR's growth.

Why is SKYHARBOUR's focus on high-grade uranium projects significant?

High-grade uranium projects offer great potential for long-term value creation and industry leadership.

How does SKYHARBOUR ensure responsible development practices?

Through a commitment to sustainability and community engagement, SKYHARBOUR upholds ethical and environmentally conscious operations.

What makes SKYHARBOUR a valuable investment opportunity?

SKYHARBOUR's dedication to advancing high-grade uranium projects with integrity and innovation makes it a compelling choice for investors.

SKYHARBOUR RES LTD ORD

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59.93M
139.43M
2.6%
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