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SkyHarbour Resources Ltd.
Summary
| Project: | Moore Lake | |
|---|---|---|
| Deposit: | Moore Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2017: SkyHarbour Resources Ltd. announces an Exploration/Drilling Update report for its Moore Lake deposit at the Moore Lake project. Drilling results incl. 5.9m @ 6.0% U3O8 from 261.6m. Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfur | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Kusmirski (Internal) | |
| ABSTRACT: | Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the first drill hole of the 2017 winter exploration program on the Moore Lake Uranium Project (the “Project”) intersected high grade uranium mineralization within the Main Maverick Zone lens. Hole ML-199 returned geochemical assays of 20.8% U3O8 over 1.5 metres from 264.0 to 265.5 metres downhole, with corresponding handheld spectrometer counts of 27,500 to 57,000 counts per second (“cps”). This high grade interval occurred within a broader zone of anomalous radioactivity as identified by downhole probing. A combined geochemical and grade equivalent for the hole returned 6.0% U3O8 over 5.9 metres from 261.6 to 267.5 metres. Jordan Trimble, President and CEO of Skyharbour Resources, states: “The preliminary results from early in this first phase of drilling at Moore have far exceeded our expectations and I would 2 like to congratulate our geological team on their work thus far. The presence of high grade uranium mineralization in the first hole ML-199 is highly encouraging as well as the notable mineralization in hole ML-202 which appears to be the discovery of a new, high grade mineralized lens along strike from the Main Maverick Zone. The target areas in and around the Maverick Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic and proven exploration methodology. The early success of the program has prompted Skyharbour to expand the planned drill program from 3,500m to 4,500m with the program currently underbudget. The Company is fully funded to complete this drill program and will provide updates as results become available.” | |
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