Categories: Mining Stocks
Topics: Uranium Stocks

Profiting in the 2023 Uranium Boom

Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) — currently trading around C$0.35 per share — has engaged Condor Consulting Inc. to conduct geological data compilation and interpretation work on the company’s Russell Lake uranium project in Sascatchewan’s prolific Athabasca Basin.

Adjacent to the 100%-owned, flagship Moore uranium project, Skyharbour has secured an option agreement from Rio Tinto Exploration Canada — a wholly owned subsidiary of major mining firm Rio Tinto (NYSE: RIO) — on the co-flagship, 73,000-hectare Russell Lake project.

Skyharbour currently holds a 51% interest in the project, which can be increased to 100% upon the completion of certain project milestones starting off with a multi-phase 10,000-meter drill program slated for early-2023.

The Russell Lake claim block — which is strategically located between the Moore uranium project and Denison Mines’ (NYSE-Amer: DNN) Wheeler River uranium project — hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential. 

The option agreement with Rio Tinto provides Skyharbour, as operator, with a nearly contiguous block of highly prospective uranium claims totaling over 100,000 hectares (420 sq mi) when combined with the company’s adjacent Moore project.

The Russell Lake property benefits from a significant amount of historical exploration and drilling — 95,000 meters across 230 drill holes — resulting in the identification of numerous prospective target areas along with several high-grade uranium showings and drill hole intercepts. 

Newly-engaged Condor Consulting is currently focused on the Grayling, Grayling East, Grayling West, Fox Lake Trail, and M-Zone Extension areas where historical drilling has intersected prospective mineralization, alteration, structure, and geochemistry. 

Condor is tasked with merging historical drill data with results from previous airborne magnetic surveys to generate geophysical targets for future drill programs at Russell Lake. 

Already, 35 km of largely untested prospective conductors in areas of low magnetic intensity have been identified on the property wherein the Skyharbour team will look to discover additional high-grade mineralization with the help of the new geological modeling underway by Condor. Skyharbour plans to have the initial drilling phase underway at Russell Lake within the coming few weeks. 

Led by president & CEO Jordan Trimble, Skyharbour holds an extensive portfolio of 100%-owned and partner-funded uranium exploration projects in the Athabasca Basin region and is well-positioned to benefit from improving uranium market fundamentals with 15 projects, 10 of which are drill-ready, covering over 450,000 hectares of land. 

Speculators can learn more at SYH’s corporate website and via our ongoing coverage, which includes exclusive interviews with upper management.

Mike Fagan
Editor, Resource Stock Digest