Mike Fagan,
Editor
Oct. 3, 2023
Currently trading around C$0.55 per share in a rising uranium market, Skyharbour Resources’ (TSX-V: SYH)(OTC: SYHBF) partner company Azincourt Energy has received permits for the East Preston uranium project in Canada’s Athabasca Basin.
The permitting allows for diamond drilling and limited ground geophysics through the next three winter field seasons at East Preston.
To-date, Azincourt, as operator and majority owner of the project, has identified three distinct corridors at East Preston totaling over 25 km of combined strike length, each with multiple EM conductor trends.
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View ReportsBased on data collection from previous exploration and drilling, Azincourt is now in the planning stages of a winter 2024 drill program at East Preston focused primarily on the property’s H- and K-Zones. Other zones will also be tested, including conductive corridors within the A-Zone through to the G-Zone.
In all, Skyharbour Resources has amassed an impressive portfolio of 24 uranium exploration projects, 10 of which are drill-ready, covering over 1.2 million acres in and around the prolific Athabasca Basin — oftentimes referred to as The Saudi Arabia of Uranium.
Led by president & CEO Jordan Trimble, the Skyharbour team is presently focused on advancing its flagship Moore and Russell Lake uranium projects, both of which are situated in the southeastern portion of the basin in close proximity to Denison's Wheeler River project and Cameco’s McArthur River mine.
In addition to Azincourt, Skyharbour’s current partners include the much larger Denison Mines, Orano Canada, and Rio Tinto.
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View PublicationsCollectively, Skyharbour has inked earn-in option agreements with partners that total to over $37 million in partner-funded exploration expenditures, over $28 million worth of shares being issued, and over $19 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
That combination of 100%-owned and partner-funded projects makes Skyharbour one-to-watch in the newly resurgent uranium bull market. We’ll keep you posted as new developments arise.
In the meantime, be sure to sign up to receive updates directly from Skyharbour here. For more information on Skyharbour Resources, please be encouraged to contact the company’s IR department at 604-558-5847 or via email at info@skyharbourltd.com.
Mike Fagan
Editor, Resource Stock Digest
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