Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Ground Geophysics to Start at Athabasca Uranium Project
News Update

Share on Stocktwits


The winter 2020 exploration program is to be conducted by Skyharbour Resources' option partner Orano Canada.

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release that its option partner Orano Canada started exploration at the Preston uranium project in the Athabasca Basin in Saskatchewan.

Orano's $753,000, winter 2020 work at Preston will encompass direct current resistivity ground geophysics on the JL and Canoe grids and on the B conductive area. The aim is to "further characterize the electromagnetic conductors by providing information about possible clay, silicification or associated alteration in the vicinity of conductors adding another layer of information to prioritize areas to be drill tested," the release explained.

Uranium producer Orano can acquire up to a 70% working interest in Preston after spending up to CA$8 million on exploration over six years.

Skyharbour's President and CEO Jordan Trimble commented, "This initial geophysics and ground program being carried out by our strategic partner and industry-leader Orano will further advance the Preston Project and refine future drill targets. Skyharbour continues to execute on its key objectives by adding value to its project base in the Basin through ongoing mineral exploration at its flagship, high grade Moore Uranium Project with a 2,500 meter drill program underway while utilizing the prospect generator model to advance its other projects with strategic partners. In addition to Orano's field program at Preston, Skyharbour's other partner Azincourt Energy is carrying out a 2,500 meter drill program at our East Preston project which collectively will provide ample news flow and catalysts in the near term."


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Skyharbour Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Skyharbour Resources, a company mentioned in this article.

Want to read more about Uranium investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe