Mike Fagan,
Editor
March 4, 2022
Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) — currently trading around C$0.70 per share — has commenced a minimum 2,500-meter winter drill program at the flagship, 100%-owned, high-grade Moore Uranium Project in Canada’s prolific Athabasca Basin.
The current drilling is expected to be just one of several work phases to take place at the flagship in 2022. The program is a follow-up to last year’s drilling at the Maverick East and Grid 19 target areas and will also explore new targets at the Viper area along the 4.7-km-long Maverick Structural Corridor.
Skyharbour Resources CEO, Jordan Trimble — whom you’re about to hear from directly via our exclusive interview — commented by press release:
“We are excited to be able to drill test some of our more regional targets facilitated by winter drilling conditions, as well as to follow up on further discoveries associated with the high grade Maverick structural corridor. Skyharbour offers strong discovery potential at its project base coupled with substantial upcoming news flow from the continued drilling at Moore as well as at partner-funded projects. Several of these partner companies have recently commenced drill programs including Azincourt Energy at the East Preston Project and Valor Resources at the Hook Lake Project, which brings the combined total drilling metreage being carried out currently by Skyharbour and partner companies to over 11,000 metres. With its project portfolio strategically located in one of the most geopolitically favourable mining jurisdictions globally in northern Saskatchewan, Skyharbour is well-positioned to benefit from the accelerating uranium market recovery with increasing demand in the backdrop of a strained supply side.”
Additionally, Azincourt Energy — Skyharbour’s partner company at the East Preston Uranium Project where drilling is also underway — just reported a large zone of alteration along with the presence of elevated radioactivity.
It’s exciting to see early indicators of mineralization in an area of the western Athabasca Basin where so many significant uranium discoveries have been made by drilling along strong zones of alteration. Drill core samples are currently on the way to the SRC lab in Saskatoon with assays forthcoming.
As a hybrid prospect generator, Skyharbour has five active uranium exploration projects in the Athabasca region, including four partner projects where the bulk of funding is being made by those partner firms.
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That intelligent strategy gives Skyharbour and its shareholders multiple shots on goal in what’s shaping up to be one of the most powerful uranium bull markets in history. Uranium prices are surging to start the new year — currently around US$50/lb — with no signs of a letup in that momentum.
All of this and a lot more are discussed in Gerardo Del Real’s late-breaking interview with Skyharbour CEO, Jordan Trimble. Enjoy!
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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