Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approx. 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 with drill results returning 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% on the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
The Company also owns a 100% interest in the Falcon Point Uranium Project on the eastern perimeter of the Basin which contains 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 project also hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade 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.
Join Ellis Martin for an update with Jordan Trimble, the President and CEO of SkyHarbour Resources (CVE:SYH) (OTCMKTS:SYHBF) with uranium assets in the Athabasca Basin of Northern Saskatchewan, Canada highlighting the company's summer drill program and their partnership with Azincourt Energy.
In this audio segment, Ellis Martin of The Ellis Martin Report interviews Jordan Trimble, the President and CEO of Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF).
The Canadian Investor Conference, also known as Canvest will be held at the Vancouver Convention Centre West. Three industries will come together for this 2-day event to cover RESOURCE, TECHNOLOGY and DIVERSIFIED investment opportunities.
Skyharbour Resources Ltd. (CVE:SYH) (PINK:SYHBF) is pleased to announce it has entered into a mineral property option agreement (the "Agreement") with Lucky Strike Resources Ltd.
