Skyharbour Resources Sets Table for Multiple Partner-Funded Uranium Exploration Programs Starting in Q1 2022

Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) — currently trading around C$0.45 per share — has staked six new prospective uranium exploration properties within the Athabasca Basin of northern Saskatchewan, Canada. 

The new properties bring Skyharbour’s total land package to 385,934 hectares (953,663 acres) representing one of the largest project portfolios in the region.

Highlights of the newly-acquired properties include:

  • Riou River Project: 18,227 ha along the Riou River within the Athabasca basin; contains over 40 km of discrete undrilled EM conductors along a magnetic low and anomalous boulder geochemistry.

  • Pluto Bay Project: 28,840 ha northeast of Black Lake hosting numerous uranium showings and several EM conductors east of the regional Black Lake fault.

  • Wallee Project: 20,765 ha ~35 km northwest of Cameco’s Eagle Point Mine; contains numerous untested EM conductors coinciding with significant magnetic and/or gravity lows in the Wollaston Domain.

  • Usam Island Project: 42,186 ha ~21 km northeast of Cameco’s Eagle Point Mine; contains numerous EM conductors situated along significant magnetic lows of the Wollaston Domain.

  • Foster River Project: 37,529 ha southwest and adjoining Skyharbour’s South Falcon Point project; contains numerous uranium showings including up to 1.25% U3O8 in grab samples.

  • South Dufferin Project: 922 ha along the trend of the Virgin River Shear, which hosts Cameco’s Centennial high grade uranium deposit 32 km to the north.

Skyharbour Resources CEO, Jordan Trimble — whom you’re about to hear from directly — commented via press release:

"We have been actively staking claims and adding to our dominant uranium project portfolio in the Athabasca Basin. These newly acquired projects are strategically located and are geologically prospective with very little modern exploration having been carried out on them. They complement our more advanced-stage exploration assets including Moore Lake and South Falcon Point, and provide additional ground to option or joint-venture out to new partner companies as a part of our prospect generator business."

In addition to the flagship Moore Uranium Project and the newly-acquired claims, Skyharbour has a total of five partner projects in Saskatchewan’s Athabasca Basin region.

And speaking of those partner-funded projects, Skyharbour has announced that its option partner, Valor Resources, will commence a maiden drill program, starting in January, at the Hook Lake Uranium Project where it has an 80% earn-in.  

The program will span approximately 2,500 meters across 10-15 diamond drill holes in an area of the Hook Lake property that has returned highlight surface samples up to 59.2% U3O8. 

Additionally, JV partner Azincourt recently announced a minimum 6,000 meter drill program for 2022 at the East Preston Uranium Project located in the western Athabasca Basin. Likewise, Medaro has announced plans for an upcoming exploration program at the Yurchison Uranium Project. 

And at the flagship, 100%-owned Moore Uranium Project, Skyharbour has five holes pending from its recently completed 19-hole program. The highlight hole to-date from the program — where the company is targeting basement-hosted mineralization at the East Maverick Zone — came in at 6.8% U308 over 2 meters. Drilling will resume in the early part of next year. 

My colleague Gerardo Del Real of Junior Resource Monthly caught up with Skyharbour CEO Jordan Trimble for an in-depth discussion on all-things Skyharbour Resources. Enjoy!

Access Gerardo Del Real’s most recent interview with Skyharbour CEO, Jordan Trimble.  

Check out additional SYH news, interviews, and much more. 

Read our feature report on Skyharbour Resources.

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

Click here to see more from Skyharbour Resources Ltd.