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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.
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.
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.
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.
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.