Skyharbour Resources Ltd. : Western Athabasca Syndicate Discovers New PLS-Area Conductors; Adds Drill Targets
(Thomson Reuters ONE) -
TSX-V Trading Symbol: SYH
Email: info(at)skyharbourltd.com
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
June 1, 2015
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Grey: SYHBF)
(Frankfurt: SC1N) (the "Company") is pleased to provide results from ground
based horizontal loop electromagnetic (HLEM) surveys completed as part of the
Western Athabasca Syndicate's (the "Syndicate") recently-completed exploration
program at the Preston Uranium Project. The Preston Property is strategically
located proximal to Fission Uranium Corp.'s shallow, high-grade Triple R
deposit, as well as NexGen Energy Ltd.'s Arrow discovery in the Patterson Lake
region in Northwestern Saskatchewan.
Preston Uranium Property Map and Regional Exploration Corridors:
http://skyharbourltd.com/_resources/SYH_Regional_Corridors.jpg
HLEM Survey Results:
Based on the combined results of the 2014-2015 gravity and RadonEx surveys, six
high priority targets were identified on which ground-based HLEM surveys were
performed. Grids totaling 12.5 line-km were surveyed at the Syndicate's high-
priority FSA, FIN, Dixon, and Canoe targets.
The HLEM surveys have now confirmed the presence of moderate to strong steep
southeast-dipping conductors underlying the FSA, Dixon and Canoe targets. The
conductors are indicative of significant faulting, graphitic-bearing rocks or
geological contacts all of which may lead to the potential concentration of
uranium mineralization. Anomalous RadonEx results from the 2014 and 2015 surveys
within these conductor zones significantly enhance their uranium-hosting
potential. The Canoe target is a particularly noteworthy target based on radon
results of up to 55 pCi/l returned above the LCE-grid conductor trace array.
2015 Winter Program Radon Survey Results and HLEM Surveys:
http://www.skyharbourltd.com/_resources/maps/FIN_Radon_Gravity_Results.jpg
http://www.skyharbourltd.com/_resources/maps/Dixon_Radon_Gravity_Results.jpg
http://www.skyharbourltd.com/_resources/maps/FSA_Radon_Gravity_Results.jpg
http://www.skyharbourltd.com/_resources/maps/Canoe_Radon_Mag_Results.jpg
Upcoming Exploration Plans:
The results from the most recently-completed geophysical surveys, combined with
exploration results from previous field work, are being used to prioritize and
refine targets for a proposed drill program in July and August 2015 at the
Preston Uranium Project. Details on this summer exploration and drill program
are forthcoming.
Preston Uranium Project - 2015 Winter Program Target Areas:
http://skyharbourltd.com/_resources/pdf/NR_Map_20150218.pdf
The Syndicate has recently carried out one of the largest regional exploration
programs in the underexplored SW region of the Athabasca Basin. A total of
approx. $4.2 million in expenditures on the Preston Uranium Project has been
incurred including ground gravity, airborne and ground EM and magnetics, radon,
soil, silt, biogeochem, lake sediment, and geological mapping surveys, as well
as boulder prospecting and a nine hole exploratory diamond drill program.
As a result of this multi-million dollar exploration program, fifteen high-
priority drill target areas associated with eight prospective exploration
corridors have been successfully delineated using a methodical, multi-phased
exploration technique. In addition, the Syndicate holds an extensive,
proprietary geological database for the project area as a byproduct of its
substantial exploration work over the past twenty months.
Preston Uranium Property High Priority Target Areas:
http://skyharbourltd.com/_resources/SYH_Feb2014_Exploration.jpg
The Preston Uranium Property is one of the largest mineral tenure bases in the
Western Athabasca Basin, directly proximal to Fission Uranium's Triple R deposit
and the recent discovery made by NexGen Energy on the Rook-1 Project. The
uranium potential of the area is highlighted by results from Fission Uranium's
Patterson Lake South property with the announcement of the large, shallow, high
grade Triple R deposit, which includes 79.6 million pounds at 1.58% U3O8
indicated and 25.9 million pounds at 1.30% U3O8 inferred (See Fission Uranium
news release January 9, 2015).
Management cautions that mineralization present on other regional properties
should not be construed as indicative of potential mineralization on mineral
tenure being explored by the Syndicate.
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 Richard Kusmirski, P.Geo., M.Sc., Skyharbour's Head
Technical Advisor and a Director, as well as a Qualified Person.
About Skyharbour Resources Ltd.:
Skyharbour holds interest in an extensive portfolio of uranium and thorium
exploration projects covering over 350,000 hectares in Canada's Athabasca Basin
and is well positioned to benefit from improving uranium market fundamentals
with four drill-ready projects. The Company is the operator of the Western
Athabasca Syndicate which controls a large, geologically prospective land
package consisting of five properties in the Athabasca Basin of Saskatchewan.
Skyharbour also owns a 100% interest in the Falcon Point (formerly Way Lake)
Uranium Project on the east side of the Basin which hosts an NI 43-101 inferred
resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of
ThO2 at 0.023%. The Company owns a 60% interest in the Mann Lake Uranium project
on the east side of the Basin strategically located adjacent to the Mann Lake
Joint Venture operated by Cameco with partners Denison Mines and AREVA where
high-grade, basement-hosted uranium mineralization was recently discovered.
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.
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 Trimble
President and CEO
For further information contact myself or:
Don Myers
Director
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)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.
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. 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, 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.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.skyharbourltd.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Skyharbour Resources Ltd. via GlobeNewswire
[HUG#1925143]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 397207
Anzahl Zeichen: 9852
contact information:
Town:
Vancouver BC
Kategorie:
Business News
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