Skyharbour Signs Agreement to Sell a Portion of its Karin Uranium Property to Cosa Resources Corp.
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.
Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) ha stipulato un accordo con Cosa Resources Corp. per vendere due diritti minerari, che comprendono circa 6.049 ettari, dalla sua proprietà Karin nel Saskatchewan. In cambio, Skyharbour riceverà 250.000 azioni ordinarie di Cosa. I diritti si trovano a circa 22 km a sud del Key Lake Mill e sono stati acquisiti inizialmente attraverso una registrazione online a basso costo.
Skyharbour mantiene la proprietà di cinque diritti adiacenti, costituendo il nuovo Progetto Karin, che ora copre 19.116 ettari. Il progetto è promettente per mineralizzazioni di uranio sia legate a incongruenze sia ospitate in pegmatiti. L'esplorazione storica nella zona ha rivelato potenziale per depositi di uranio e REE legati a intrusioni, con recenti esplorazioni che hanno scoperto un affioramento di pegmatite contenente uranio, niobio e tantalio.
Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) ha entrado en un acuerdo con Cosa Resources Corp. para vender dos reclamaciones minerales, que comprenden aproximadamente 6,049 hectáreas, de su propiedad Karin en Saskatchewan. A cambio, Skyharbour recibirá 250,000 acciones comunes de Cosa. Las reclamaciones están ubicadas aproximadamente a 22 km al sur de la planta de Key Lake y fueron adquiridas originalmente a través de un registro en línea de bajo costo.
Skyharbour retiene la propiedad de cinco reclamaciones adyacentes, constituyendo el nuevo Proyecto Karin, que ahora cubre 19,116 hectáreas. El proyecto es prometedor para mineralización de uranio relacionada con incongruencias y alojada en pegmatitas. La exploración histórica en el área ha revelado potencial para depósitos de uranio y REE relacionados con intrusiones, con recientes exploraciones que descubrieron un afloramiento de pegmatita que contiene uranio, niobio y tantalio.
Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF)는 Cosa Resources Corp.와 계약을 체결하여 사스카치완에 위치한 Karin 자산에서 약 6,049 헥타르를 포함하는 두 개의 광물 청구권을 판매합니다. 대가로 Skyharbour는 Cosa의 250,000주 일반주식을 받게 됩니다. 이러한 청구권은 Key Lake Mill에서 남쪽으로 약 22km 떨어진 곳에 위치하며, 원래 저렴한 온라인 채굴을 통해 획득되었습니다.
Skyharbour는 인접한 다섯 개의 청구권을 유지하며, 이는 이제 19,116 헥타르를 포함하는 새로운 Karin 프로젝트를 구성합니다. 이 프로젝트는 비순서 관련 및 페그마타이트 기반의 우라늄 광물화에 대한 가능성이 있습니다. 이 지역의 역사적인 탐사는 우라늄 매장량과 침입 관련 희토류 원소(REE)의 잠재력을 드러냈으며, 최근 탐사는 우라늄, 니오븀, 탄탈을 포함한 페그마타이트 노출을 발견했습니다.
Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) a conclu un accord avec Cosa Resources Corp. pour vendre deux concessions minières, couvrant environ 6 049 hectares, de sa propriété Karin en Saskatchewan. En échange, Skyharbour recevra 250 000 actions ordinaires de Cosa. Les concessions sont situées à environ 22 km au sud de l'usine de Key Lake et ont été acquises à l'origine par des enregistrements en ligne à faible coût.
Skyharbour conserve la propriété de cinq concessions adjacentes, constituant le nouveau projet Karin, qui couvre désormais 19 116 hectares. Le projet offre un potentiel tant pour la minéralisation de l'uranium liée à des incongruences que pour celle hébergée dans des pegmatites. L'exploration historique dans la région a révélé un potentiel pour des dépôts d'uranium et des terres rares liés à des intrusions, avec des explorations récentes ayant découvert un affleurement de pegmatite contenant de l'uranium, du niobium et du tantale.
Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) hat eine Vereinbarung mit Cosa Resources Corp. getroffen, um zwei Mineralkoncessionen zu verkaufen, die etwa 6.049 Hektar aus seinem Karin-Grundstück in Saskatchewan umfassen. Im Gegenzug erhält Skyharbour 250.000 Stammaktien von Cosa. Die Konzessionen liegen etwa 22 km südlich der Key Lake Mill und wurden ursprünglich durch kostengünstiges Online-Prospecting erworben.
Skyharbour behält das Eigentum an fünf angrenzenden Konzessionen, die das neue Karin-Projekt bilden, das jetzt 19.116 Hektar umfasst. Das Projekt hat Potenzial sowohl für uranhaltige Mineralisierung, die mit Inkongruenzen verbunden ist, als auch für Pegmatit-inhosted Uranmineralisation. Historische Erkundungen in der Region haben das Potenzial für Uranlagerstätten und intrusionsbedingte REEs offenbart, wobei aktuelle Erkundungen einen Pegmatitausbruch mit Uran, Niob und Tantal enthüllten.
- Skyharbour receives 250,000 shares of Cosa Resources Corp. for the sale of two mineral claims
- The company retains ownership of five adjacent claims in the Karin Project, covering 19,116 hectares
- The Karin Project remains prospective for uranium and REE mineralization
- Reduction in total land holdings of the Karin Project from 25,165 hectares to 19,116 hectares
Vancouver, BC, July 29, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into a property purchase and sale agreement (the “Agreement”) with Cosa Resources Corp. (“Cosa”) dated July 26th, 2024, whereby Skyharbour will sell Cosa two (2) mineral claims, comprising approximately 6,049 hectares. These two claims represent a small portion of Skyharbour’s Karin Property and are located in Saskatchewan about 22 km south of the Key Lake Mill. In consideration for the claims, Cosa will issue to Skyharbour 250,000 common shares in the capital of Cosa (the “Consideration Shares”). Skyharbour originally acquired the claims through low-cost, online staking. The Company retains ownership in five other adjacent claims constituting the new Karin Project which is now 19,116 hectares.
Karin Uranium Project:
The original Karin Project, inclusive of the two claims above, consisted of 7 claims totalling 25,165 hectares in the Highrock Lake area. The project is underlain by Wollaston Group metasedimentary gneisses, mostly psammitic to meta-arkosic in composition but with localized prospective pelitic to psammopelitic gneisses in fold noses, and it is prospective for both unconformity-related and pegmatite-hosted uranium mineralization.
Location Map of the Karin Project:
https://skyharbourltd.com/_resources/maps/Sky-Karin-20230727.jpg
The Karin project had seen some exploration in the late 1960's to early 1980's, including airborne EM, magnetics and radiometrics, radon surveys, prospecting, geological mapping, lake water and sediment sampling, as well as a limited amount of diamond drilling. Five drill holes that were successfully drilled on the Karin project intersected Wollaston Supergroup meta-arkose and semipelitic to pelitic gneisses, amphibolite and pegmatite to granodiorite, along with localized hematite, chlorite, epidote, and/or goethite alteration. The drilling on the Karin project was targeting some of the stronger EM conductors and radon anomalies on the property, however several other historical EM anomalies did not receive follow-up work. Given that this work took place prior to the development of modern geophysics and uranium exploration models, it is likely that additional prospective targets remain untested on the Karin project. The only recent exploration on the project consisted of limited prospecting in 2008, which led to the discovery of a pegmatite outcrop that returned 181 ppm U, 205 ppm Nb, and 39 ppm Ta (SMDI 5179). The Karin project has otherwise been unexplored since the 1980's and remains prospective for both intrusive-type and unconformity-related uranium deposits and intrusive-related REE's.
Acquisition Details:
Skyharbour will receive 250,000 shares of Cosa for the two claims. Half of the Consideration Shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws, and the other half of the Consideration Shares being subject to a voluntary hold period of six months. There are no underlying royalties on the claims and the Agreement remains subject to the approval of the TSX Venture Exchange.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour as well as a Qualified Person.
About Cosa Resources Corp:
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 209,000 ha across multiple projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with twenty-nine projects, ten of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a
Skyharbour has joint-ventures with industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird Resources (previously Valor) at the Preston, East Preston and Hook Lake Projects, respectively. The Company also has several active earn-in option partners including: CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; North Shore Uranium at the Falcon Project; and TSX-V listed Tisdale Clean Energy at the South Falcon East Project which is host to the Fraser Lakes Zone B Uranium and Thorium Deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over
Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
__________________________________
Jordan Trimble
President and CEO
For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.
FAQ
What is the value of the deal between Skyharbour Resources (SYHBF) and Cosa Resources Corp?
How many hectares does Skyharbour's new Karin Project cover after the sale?
What types of mineralization is the Karin Project prospective for?
What was discovered during the most recent exploration of the Karin Project in 2008?
