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Colibri Resource Corp.
Summary
| Project: | Pitaya | |
|---|---|---|
| Deposit: | Pitaya | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Colibri Resource Corp. announces an Exploration/Drilling Update report for its Pitaya deposit at the Pitaya project. JV with Agnico Eagle Mines Ltd. - Drilling results incl. 34m @ 0.22g/t Au from 98m. Vancouver, BC - Skyharbour Resources Ltd. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jackie E. Stephens (Not stated) | |
| ABSTRACT: | Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: SYHBF)(Frankfurt:SC1P) (the “Company”) is pleased to announce the results from its 2018 winter/spring diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approx.15 kilometres east of Denison Mine’s Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drillhole ML18-08 intersected high grade uranium mineralization within the Main Maverick Zone consisting of 5.39% U3O8 over 1.0 metre within an interval containing 2.07% U3O8 over 3.5 metres. This mineralization occurs at the unconformity from 265.8 to 269.3 metres downhole. Also of note is hole ML18-09 which intersected uranium mineralization at the unconformity in the Maverick East Zone, a new high grade lens discovered by Skyharbour last year. This hole returned a grade equivalent of 3.07% U3O8 over 1.8 metres from an interval containing a grade equivalent of 1.01% U3O8 over 6.3 metres. Jordan Trimble, President and CEO of Skyharbour Resources, states: “The recently completed winter/spring drill program at the Moore Project has expanded the known high grade zones at the Maverick corridor by intersecting relatively shallow uranium mineralization at the unconformity. Furthermore, new regional discoveries were made at the Venice target. We will be commencing a summer drill program to follow up on these results and test more extensively new targets in the underlying basement rock at the Maverick corridor. The known high grade, unconformity-hosted uranium mineralization at the Maverick corridor was deposited there through feeder zones in the basement rock, the discovery of which will be a top priority in this upcoming program given other recent basement hosted discoveries including NexGen’s Arrow Deposit, Fission’s Triple R Deposit and Denison’s Gryphon Deposit. Skyharbour is well positioned with strong discovery potential and ample upcoming news flow to benefit from an impending uranium market recovery. In the last few months we have witnessed increasing uranium prices and improving sentiment amid recent news including additional supply cuts announced from Kazakhstan, accelerating Japanese nuclear reactor restarts, and a new uranium fund based in London buying over eight million pounds of uranium from KazAtomProm.” | |
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