Skyharbour Resources Ltd. (TSX-V:
SYH)
(OTCQX: SYHBF)
(Frankfurt:
SC1P) (the “Company”) is pleased
to announce that it has acquired by staking two new prospective
uranium exploration claims in northern Saskatchewan, increasing
Skyharbour’s total land package that it has ownership interest in
to 523,097 ha (1,292,600 acres) across 25 projects. These 100%
owned claims add an additional 4,726 ha to Skyharbour’s existing
holdings in and around the Athabasca Basin, which is host to the
highest-grade uranium deposits in the world and is consistently
ranked as a top mining jurisdiction by the Fraser Institute. As the
Company remains focused on its co-flagship Russell Lake and Moore
uranium projects, this new property will become a part of
Skyharbour’s prospect generator business as the Company will seek
strategic partners to advance this asset.
Skyharbour’s New Uranium Project
Portfolio
Map:https://www.skyharbourltd.com/_resources/maps/SKY_SaskProject_Locator_20231219.jpg
Jordan Trimble, President and CEO of Skyharbour
Resources, states: “These new mineral claims complement our
existing properties and provide additional ground to option or
joint-venture out to new partner companies as a part of our
prospect generator business. We continue to add to our uranium
project portfolio in the Athabasca Basin with this recent staking
while advancing our main projects through ongoing drilling and
exploration. Skyharbour is fully funded for its drilling and
exploration plans in 2024 with over $10 million in the treasury.
Details are forthcoming on specific plans for drilling at Russell
and Moore in the new year.”
Bolt Property Summary:
The Bolt Project consists of two contiguous
claims 100% owned by Skyharbour Resources Ltd. totalling 4726.35
hectares and is located approximately 7 km west of the Highway 914
and about 32 km southwest of Cameco’s Key Lake Operation (which
produced 209.8 million pounds of U3O8 at an average grade of 2.32%
U3O8 from 2 deposits, where ore from the McArthur River mine is
currently processed).
The Bolt Project lies approximately 15 km from
the southern rim of the Athabasca Basin, and is within the Eastern
Mudjatik Domain of the Hearne Craton. Geological mapping conducted
by the Saskatchewan Geological Survey in the 1970’s and 1980’s of
the area determined the project is predominantly underlain by a
south-trending, anastomosing package of amphibole gneisses,
surrounded by regional scale felsic gneisses, which underwent
granulite/upper amphibolite grade metamorphism. An ovoid area of
banded iron formation was also encountered in the middle of the
amphibole gneisses, which is bounded and intersected by several EM
conductors. Given the vintage and scale of the historical
geological mapping, it is likely that the geology of the area is
more complex than the historical mapping suggests.
The Bolt Project has been subject to several
exploration programs since 1969. The earliest work, taking place
between 1969 and 1979, included ground and airborne EM,
radiometrics, and gravity surveys, as well as lake sediment and
water sampling, soil sampling, prospecting, and boulder train
mapping by various operators, including Pan Ocean Oil Ltd.,
Canadian Southern Petroleum, Athabasca Columbia Mining, Yukon
Geothermal, SAMCAM, and Darling Hydrocarbons. A single drill
program (6 DDH, 5 of which are on the Bolt property: CL-1 through
CL-5) was conducted by Pan Ocean Oil in 1978 to test the fertility
of historic EM conductors. Four of the drillholes from this program
(DDH-CL-1, -2, -3, and -6) displayed variable kaolinization and
chloritization, carbonate veinlets, and intervals of structural
disruption and local core loss in what was logged as
granite/arkosic/augen gneiss and “pseudopegmatite”. The other two
holes on the property, CL-4 and CL-5, intersected a variety of
metasedimentary rocks, including pelites/pelitic gneisses, marble,
and iron formation, amphibolites, and minor granites, with
significant quartz (i.e. pervasive silicification & veining)
alteration and sulfides found intermittently throughout both holes.
After 1979, the project remained unexplored for several
decades.
Work on the Bolt Project resumed in 2008, with
Durama Resources (on behalf of Majesta Resources and Kirrin
Resources) completing several soil, outcrop, lake sediment, and
soil-gas sampling programs, airborne geophysics (TEMPEST and VTEM
surveys), and ground geophysics (total field and vertical gradient
magnetic and VLF-EM surveys) programs in the period from 2008 to
2018. The initial work consisted of ground geochemical sampling of
several historic airborne geophysical anomalies, which identified
zones of anomalous uranium in several areas. This was followed by
extensive modern airborne magnetic and EM surveys across several of
Majesta/Kirrin’s properties, including the Bolt Project. Airborne
geophysics identified magnetic lows and multiple east-west and
northeast-southwest trending EM conductors across the property, as
well as several possible north-south and east-west trending faults.
Following up on the zones of interest detected by the airborne
surveys, several ground geophysical grids were developed on
Majesta/Kirrin’s properties. Two grids were established on the Bolt
Project, the Lav Creek and CL-5 grids, which were subject to
VLF-EM, total field magnetics, and vertical gradient magnetic
surveys to further delineate the various airborne EM conductors and
magnetics anomalies.
Combining the results of the modern geophysical
and geochemical surveys allowed for identification of several
promising drill targets on the property, including near the
historic drill holes containing extensive kaolinite and chlorite
alteration. These drill targets have yet to be tested, as despite
the high prospectivity for basement-hosted unconformity-related
uranium mineralization, the Bolt Project has not seen any
exploration since 2018 and was eventually allowed to lapse.
Exploration on the Bolt Property also indicated the potential to
host pegmatite- and granite-hosted U-Th-REE mineralization, further
enhancing the project’s prospectivity.
Funds Received from Recent Warrant
Exercise:
The Company has recently received an aggregate
of CAD $959,612 from the exercise of share purchase warrants with a
strike price at $0.35 since September 1st, 2023. Skyharbour now has
over CAD $10 million in its treasury. A total of 2,741,751 warrants
have been exercised from the batch of warrants expiring December
17th, 2023. The Company is fully funded for future drilling at
its co-flagship Russell Lake and Moore Uranium Projects in 2024.
Skyharbour has also continued to receive cash payments and share
issuances from its various option partners as a part of its
prospect generator business.
Qualified Person:
The technical information in this news release
has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed and
approved by David Billard, P.Geo., a Consulting Geologist for
Skyharbour as well as a Qualified Person.
*SMDI refers to the Saskatchewan Mineral
Deposits Index and “AF” refers to Saskatchewan Mineral Assessment
File.
About Skyharbour Resources
Ltd.:
Skyharbour holds an extensive portfolio of
uranium exploration projects in Canada's Athabasca Basin and is
well positioned to benefit from improving uranium market
fundamentals with twenty-five projects, ten of which are
drill-ready, covering over 520,000 hectares (over 1.2 million
acres) of land. Skyharbour has acquired from Denison Mines, a large
strategic shareholder of the Company, a 100% interest in the Moore
Uranium Project which is located 15 kilometres east of Denison's
Wheeler River project and 39 kilometres south of Cameco's McArthur
River uranium mine. Moore is an advanced-stage uranium exploration
property with high-grade uranium mineralization at the Maverick
Zone that returned drill results of up to 6.0% U3O8 over 5.9
metres including 20.8% U3O8 over 1.5 metres at a vertical
depth of 265 metres. Adjacent to the Moore Uranium Project is
Skyharbour’s recently optioned Russell Lake Uranium Project from
Rio Tinto, which hosts historical high-grade uranium drill
intercepts over a large property area with robust exploration
upside potential. The Company is actively advancing these projects
through exploration and drill programs.
Skyharbour has joint-ventures with
industry-leader Orano Canada Inc. and Azincourt Energy at the
Preston and East Preston Projects, respectively, whereby Orano and
Azincourt earned majority interests in the projects through
exploration expenditures, cash payments and share issuances.
Skyharbour also has several active earn-in option partners
including: ASX-listed Valor Resources at the Hook Lake Uranium
Project; CSE-listed Basin Uranium Corp. at the Mann Lake Uranium
Project; CSE-listed Medaro Mining Corp. at the Yurchison Project;
Yellow Rocks Energy, a private Australian entity, at the Wallee and
Usam Island projects; North Shore Energy Metals at the South Falcon
Project; and TSX-V listed Tisdale Clean Energy at the South Falcon
East Project which is host to the Fraser Lakes Zone B Uranium and
Thorium Deposit.
Collectively, Skyharbour has now signed earn-in
option agreements with partners that total to over $37 million in
partner-funded exploration expenditures, over $28 million worth of
shares being issued and over $19 million in cash payments coming
into Skyharbour, assuming that these partner companies complete
their entire earn-ins at the respective projects.
Skyharbour's goal is to maximize shareholder
value through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in
geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the
Athabasca Basin:
https://www.skyharbourltd.com/_resources/maps/SKY_SaskProject_Locator_20231219.jpg
To find out more about Skyharbour Resources Ltd.
(TSX-V: SYH) visit the Company’s website
at www.skyharbourltd.com.SKYHARBOUR RESOURCES LTD.
“Jordan
Trimble” Jordan
TrimblePresident and CEO
For further information contact myself or:Nicholas
ColturaInvestor Relations Manager Skyharbour Resources Ltd.
Telephone: 604-558-5847Toll Free: 800-567-8181Facsimile:
604-687-3119Email: info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
The securities offered have not been, and will
not be, registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent
registration or an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state
securities laws. This press release does not constitute an offer to
sell or the solicitation of an offer to buy securities in the
United States, nor in any other jurisdiction.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements, including the Private
Placement. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, regulatory
approvals, continued availability of capital and financing, and
general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further
information.
Skyharbour Resources (TSXV:SYH)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Skyharbour Resources (TSXV:SYH)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024