Skyharbour Resources Provides Drilling Update at Partner-Funded Hook Lake Uranium Project, Athabasca, Canada

Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) — currently trading around C$0.70 per share in a rising uranium market — reports that its partner at the Hook Lake uranium project, Valor Resources Ltd., has intersected elevated radioactivity and alteration zones in several holes at the S-Zone target with assays pending. 

Some of the biggest uranium discoveries in the Athabasca region have been made by delineating large zones of alteration by way of the drill; exploration work will continue at Hook Lake as assays are completed from the 8-hole, 1,700-meter maiden drill program. 

Valor’s executive chairman, George Bauk, commented via press release

“We are encouraged by the alteration and elevated radioactivity seen in several of the holes drilled at S-Zone. This is the Company’s maiden drilling program at Hook Lake and the data gathered from this program, in conjunction with upcoming gravity survey data, will assist us in defining the next round of drill targets. The area clearly has the potential to host high-grade uranium mineralization as evidenced by the S-Zone surface sampling from 2021. The team has done a great job at Hook Lake and following assay results, final interpretation and the upcoming gravity survey, we plan to be back drilling again at Hook Lake soon. Our team is planning to be on the ground in the next quarter and hope to be following up some of the other uranium targets along with some interesting REE results uncovered in 2021.”

The market fundamentals for uranium continue to look robust with U3O8, or “yellowcake,” now trading at decade highs above US$63 per pound with no signs of a letup in sight. 

Skyharbour plans to capitalize on that market strength by way of its flagship, 100%-owned Moore uranium project, where drilling is underway, plus its four partner projects, including Hook Lake, where the bulk of funding is being made by those partner firms.

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If you haven’t done so already, now is an opportune time to be taking a closer look at Skyharbour Resources. The company has the team, the properties, and the partnerships to get things done for shareholders in what looks to be a uranium bull market for the ages. 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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