Near-Term Catalyst Imminent with Drill Campaign Launch in the Athabasca

4th March 2019 Off By binary

The Energy Report

Source: Streetwise Reports   03/01/2019

The company’s first 2019 program will further explore the uranium mineralization discovered last year.

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release it started its 2019 winter drill program at its Moore uranium project in Saskatchewan.

The campaign will encompass at least eight to 10 diamond drill holes over 3,000 meters. The purpose is to follow up on the positive results from last year’s drill campaigns.

Drilling will “test both unconformity and basement-hosted targets along the high-grade Maverick structural corridor” and other shallow, regional targets along the Otter grid, which could lead to other discoveries, the release noted. Specific attention will be paid to possible underlying basement feeder zones, targets that are relatively untested to date.

Potential mineralization upside remains along strike and at depth in the underlying basement rocks.

Jordan Trimble, president and CEO of Skyharbour Resources, stated, “We are excited to get the next phase of drilling started at our flagship Moore uranium project which will serve as an important near term catalyst for the company. The high grade uranium mineralization discovered during the two drill programs completed last year illustrates the strong discovery potential at the project. We will be drill testing the Maverick corridor with a focus on basement-hosted targets as well as testing other shallow, regional exploration targets that offer the potential to generate additional discoveries. To complement this drill program, and add additional news flow and discovery potential, Skyharbour’s partner Orano Canada Inc. is currently carrying out 3,600 metres of drilling at the Preston Project while the Company’s other partner Azincourt Energy is planning to commence a drill program shortly at the East Preston Project.”

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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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( Companies Mentioned: SYH:TSX.V; SYHBF:OTCQB,
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