- Skyharbour Resources (SYH) is preparing for a 2,500-metre diamond drill program at its Moore Uranium Project in northern Saskatchewan
- Between seven and nine holes will be drilled to follow-up on the success of a winter drill program earlier this year
- Particular attention will be paid to the testing of both unconformity and basement-hosted targets along the high-grade Maverick structural corridor
- The Company also plans to expand the high-grade mineralisation recently identified at the Maverick East Zone
- Skyharbour Resources (SYH) is currently down 5.71 per cent and is trading at C$0.16 per share
Skyharbour Resources (SYH) is preparing for a 2,500-metre diamond drill program at its Moore Uranium Project in northern Saskatchewan.
The Vancouver-based company secured an option to acquire the project from Denison Mines in June, 2016. It consists of 12 contiguous claims across 35,705 hectares, and sits 42 kilometres northeast of the Key Lake mill and roughly 15 kilometres east of Denison Mines’ Wheeler River Project.
Skyharbour’s proposed drill program comes off the back of other successful campaigns over the last few years.
The fully funded and permitted program is expected to consist of between seven and nine holes, which will test both unconformity and basement-hosted targets along the high-grade Maverick structural corridor.
In addition, the company intends to expand the high-grade mineralisation that was recently identified at the Maverick East Zone, as well as test the Viper target region along strike.
To date, only 2.5 kilometres of the total 4.7 kilometre long Maverick structural corridor has been drill tested, offering significant potential for further discoveries along strike.
Jordan Trimble, President and CEO of Skyharbour Resources, said he is excited to be starting the next phase of drilling at the Moore Uranium Project.
“The high grade uranium mineralization discovered during previous drill programs illustrates the strong discovery potential at Moore and recent geophysics and geological modeling have yielded new high priority drill targets that have seen limited historical drilling.
“The uranium market has recently shown notable signs of recovery with increasing uranium prices and improving sentiment, and this recovery appears to be accelerating amid recent news and several sector developments including mine closures and production curtailment,” he added.
Skyharbour Resources (SYH) is currently down 5.71 per cent and is trading at C$0.16 per share at 2:08pm EDT.