Skyharbour Resources Ltd.

Skyharbour Commences Exploration Program at Mann Lake Uranium Project in the Athabasca Basin, Saskatchewan

TSX-V Trading Symbol: SYH

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August 25, 2014

Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Grey: SYHBF) (Frankfurt: SC1N) (the "Company") is pleased to announce it has commenced its Phase 1 Field Program consisting of a ground-based electromagnetic (EM) survey on its 60% owned Mann Lake Uranium Project. The property is strategically located on the east side of the Athabasca Basin 25 km southwest of Cameco's McArthur River Mine and 15 km northeast and along strike of Cameco's Millennium uranium deposit.

 

Skyharbour's Mann Lake property is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and AREVA (17.5%). Recently, Denison acquired International Enexco and its 30% interest in the Mann Lake Joint Venture after the 2014 winter drill program discovered high-grade, basement-hosted uranium mineralization. The drill program intersected 2.31% eU3O8 over 5.1 metres including 10.92% eU3O8 over 0.4 metres (see International Enexco News Release dated March 10th 2014). 

 

Mann Lake Uranium Project Map:

http://skyharbourltd.com/_resources/SYH_Mann_Lake_Tenure.jpg

 

EMpulse Geophysics of Dalmeny, Saskatchewan will conduct the ground EM survey which will take approximately ten days to complete. The natural source transient magnetotelluric survey will consist of a block of 4 profiles totaling 10 km of coverage using the Internal Field Gradient ("IFG") technique. The survey will focus on a zone in the southern portion of the Mann Lake property where a favourable, 2 km long aeromagnetic low coincides with possible basement conductor trends indicated by prior ground EM surveys. The objective is to generate one or more basement conductor targets in a setting proximal to the recent high-grade discovery made by Cameco and International Enexco back in March.

 

Phase 1 EM Survey at the Mann Lake Uranium Project:

http://skyharbourltd.com/_resources/maps/Mann-Lake-EM-Details.20140707 ...

 

About the Mann Lake Uranium Project:

 

The Mann Lake Uranium Project consists of one mineral claim covering 3,473 hectares located in the eastern Athabasca Basin in northern Saskatchewan. The property is under a joint venture agreement with Aben Resources (TSX-V: ABN) owning 40% and Skyharbour owning the other 60% interest in the property. It occurs within a structural/conductor corridor that contains the richest uranium deposits in the world including Cameco's McArthur River Mine.