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News Update


Uranium Explorer Doubles Zone Strike Length at Athabasca Project
News Update

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Skyharbour Resources plans to follow up on the success of its recent drill program with another one commencing later this summer.

Skyharbour Moore Lake

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release the final results from its 2020 winter/spring diamond drill program and the plan for its upcoming campaign at its Moore uranium project in Saskatchewan's Athabasca Basin.

With its recent drilling, the Vancouver, British Columbia-based explorer stated that it doubled the known strike length of the Maverick East zone at Moore. This was done through hole ML20-04, which hit a basement-hosted zone of uranium mineralization at the vertical depth of 273.9288.4 meters (273.9288.4m). The hole showed 4.5m of 0.38% U3O8 with a basal high grade basement intercept of 1.43% U3O8 over 0.5m.

Drilling also confirmed the continuity and structural control of Maverick East, internally and peripherally, the company reported. For instance, hole ML20-05, drilled in the center of this zone, returned two mineralized areas. One, which straddled the unconformity, was 9.5m-plus of 0.23% U3O8 between 272.5m and 282m downhole. The other, below the unconformity, comprised 0.13% U3O8 over 2.5m between 287.5m and 290m of vertical depth.

In the newly extended Maverick East zone area, Skyharbour reported that hole ML20-0 intersected four zones of mineralization over an interval of sandstone and basement rocks located 30 meters downhole.

Skyharbour also drilled the Viper and Maverick Northeast targets, which helped with its understanding of the Maverick structural corridor.

As it stands now, "substantial portions of the 4 kilometer long Maverick corridor remain to be systematically drill tested, leaving robust discovery potential along strike as well as at depth in the basement rocks," the release noted.

Skyharbour reported that its next exploration program for Moore is planned, funded and permitted. Targeted to start later this summer, it will consist of 2,500 meters of diamond drilling to test the unconformity and basement-hosted targets along the Maverick corridor and other corridors it identifies as prospective.


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.
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