Skyharbour Resources Ltd.

Western Athabasca Syndicate Reports Assay Results from 2014 Diamond Drilling Program - Seite 2

Preston Property - Drill Target Areas:
http://skyharbourltd.com/_resources/SYH_Feb2014_Exploration.jpg

The results from the drilling are very encouraging and confirm the presence of widespread alteration, structural disruption and radioactivity that are typically associated with uranium deposits in the Athabasca Basin. As well as additional testing of the areas targeted with the 2014 first-pass drilling, the Syndicate is also planning further work to better define drill targets at the other twelve target areas defined by fieldwork to date. The majority of uranium targets on the Property have not yet received any drill exploration.

Swoosh Target Assay Results:

Preston Property - Swoosh Target Map:
http://skyharbourltd.com/_resources/maps/SYH_Swoosh_Drill_Locations.jp ...

Seven widely-spaced drill holes tested two targets (S3 and S6) within the broader Swoosh area, a 6-km long corridor defined by coincident gravity, magnetic and EM geophysical surveys, and surficial geochemical anomalies. Six holes were completed to depths of between 200 and 360 meters downhole, with one hole abandoned due to poor drilling conditions. Overburden depth varies from 4 to 38 meters and immediately overlies basement rock. The five holes completed on the S6 target tested two distinct steep NW-dipping conductor traces associated with a 650 meter by 350 meter gravity low anomaly. Every hole encountered graphite within highly deformed metasediment, orthogneiss and locally pegmatitic lithologies. Portable Infrared Mineral Analyser (PIMA) results confirmed the presence of extensive chlorite and clay alteration, as well as significant illite alteration in the northernmost hole PN14001. This alteration and deformation explains the gravity anomaly at S6 and further confirms the Swoosh area as being the locus of intense hydrothermal alteration which is common to other Athabasca Basin uranium deposits.

The best intercept out of 125 drill core samples collected from holes testing the Swoosh area was from PN14003 which returned 0.5 meters of 8.82 ppm U and 360 ppm Th associated with mixed granodiorite and graphitic mylonite. Analyses of the U to Th ratios, in light of the strong deformational history, suggests that the S6 target has been subject to high degrees of uranium depletion and may have at one time hosted significant uranium mineralization which could have been re-deposited nearby.