- Skyharbour Resources (SYH) partner company Basin Uranium completes its 2022 drilling program at the Mann Lake uranium project
- In total, 6,279 metres were drilled 2022 over 2 phases of drilling
- Phase 2 used diamond drilling over 4 holes, following up on targets from phase 1
- Skyharbour Resources (SYH) holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well-positioned to benefit from improving uranium market fundamentals
- Skyharbour Resources (SYH) is trading at C$0.41 as of 2:10 pm ET
Skyharbour Resources (SYH) partner company Basin Uranium has completed the 2022 drilling program at the Mann Lake uranium project.
In total, 6,279 metres were drilled 2022 over 2 phases of drilling. Phase 2 used diamond drilling over 4 holes, following up on targets from phase 1.
Drilling and geophysical programs were completed earlier in the year and all core samples have been submitted to the Saskatchewan Research Council (SRC) for analysis. Once pending assay results are received, they will be released.
Holes MN22007 and MN22008 targeted an interpreted basement conductor, magnetic low within a gravity low anomaly. This was interpreted as a basement fault structure and successfully intersected uranium dominant, anomalous radioactive intervals.
Hole MN22007 intersected graphite-enriched psammite throughout the entirety of the basement rocks. Two major fault structures with abundant graphite mineralization were intercepted in the basement.
Hole MN22008 intersected abundant blue-grey dravite clay above the unconformity. The mineralization was focused predominantly along fracture surfaces.
Skyharbour signed an agreement with Basin Uranium, giving Basin Uranium a 75 per cent interest in the Mann Lake uranium project. Basin Uranium Corp will contribute cash and exploration expenditure for a total of $4.8M over a 3-year period.
The Mann Lake Uranium Project is strategically located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast of Cameco’s Millennium uranium deposit.
Skyharbour Resources (SYH) holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals.
Skyharbour Resources (SYH) is trading at C$0.41 as of 2:10 pm ET.