For thousands of other reports visit RSC's Mineral Intellingence Map
SkyHarbour Resources Ltd.
Summary
| Project: | Moore Lake | |
|---|---|---|
| Deposit: | Maverick | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 12/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-12-2018: SkyHarbour Resources Ltd. announces an Exploration/Drilling Update report for its Maverick deposit at the Moore Lake project. Drilling results incl. 15.2m @ 0.56% U3O8 from 264.5m. Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Kusmirski (Internal) | |
| ABSTRACT: | Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH)(OTCQB: SYHBF)(Frankfurt:SC1P) (the “Company”) is pleased to announce the results from its 2018 fall diamond drilling program at its 100% owned, flagship 35,705 hectare Moore Uranium Project, located approximately15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drillhole ML18-14 intersected high grade uranium mineralization within the Main Maverick Zone consisting of 3.11% U3O8 over 1.8 metres within an intercept containing 0.56% U3O8 over 15.2 metres. This represents one of the broadest zones of uranium mineralization intersected on the property to date and occurs from 264.5 metres to 279.7 metres downhole, and largely within the underlying basement rocks. Of particular note is that the uranium mineralization continues well into the basement rock in the above reported intercept illustrating the strong discovery potential below the unconformity. Jordan Trimble, President and CEO of Skyharbour Resources, states: “The recently completed fall diamond drill program at the Moore Project has expanded the known high grade zone at the Maverick corridor with the discovery of uranium mineralization in the underlying basement rocks. We will be commencing a winter drill program to follow up on these results and test more extensively highly prospective targets in the basement rock at the Maverick corridor as well as previously untested graphitic corridors. Skyharbour is well positioned to benefit from the continuing uranium market recovery with strong discovery potential and ample upcoming news flow from its drilling at Moore, as well as from its partner companies’ Orano Canada Inc. and Azincourt Energy’s recently announced and upcoming exploration programs. In the last year we have witnessed increasing uranium prices and improving sentiment amid recent news including additional supply cuts, continued growing demand for uranium in the developing world, several new uranium funds buying physical material, and upward pressure on the spot price in part due to Cameco’s recent and ongoing spot market purchases.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report