Skyharbour Commences Exploration and Mobilizes for Upcoming Drill Program at its High Grade Moore Uranium Project, Saskatchewan - Seite 2

Winter 2021 Geophysical and Diamond Drilling Programs at the Moore Uranium Project:

Skyharbour will continue to systematically explore and drill test the Moore Lake property this year. As part of this work, a 9 line-km SML-EM survey has been planned for a previously untested area called Grid Nineteen located between the Rarotonga and East Venice conductors. The focus of this work will be to better define the historic airborne EM conductors in this area and develop drill targets on these conductor systems.

Moore Uranium Project Regional Drill Targets Map:
http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

Mobilization for a planned 3,000 metre diamond drilling program, consisting of 10 to 12 holes, will take place concurrently with the geophysical program. The drilling will focus on both unconformity and basement-hosted targets along the Maverick structural corridor and new targets identified in the Grid Nineteen area. The Company specifically plans to expand the high grade mineralization discovered recently at the Maverick East Zone, along strike, down-plunge and at depth with a focus on basement-hosted mineralization. Other targets along the 4.7 km long Maverick structural corridor will be investigated, including the Esker Target, again with a focus on basement-hosted mineralization.

Maverick East Target:

The high grade Maverick East Zone has been identified over a minimum of 170 metres strike length. It is currently a minimum of 10 metres wide, it is open down dip and it is up to 17.9 metres thick with grades of up to 9.12% U₃O₈ with a minimum grade of 0.1% U₃O₈. The mineralization is accompanied by intense clay alteration, geochemical enrichment of pathfinder elements such as B, Ni and Cu, with the localized high grade uranium mineralization extending from the unconformity into the basement rocks. The mineralized zone appears to plunge moderately to the northeast. In the eastern extent of the Maverick East Zone, copper values of up to 2.3% Cu were obtained from graphitic, clay-rich fractures within a broader zone of uranium-enriched and clay-altered granitic pegmatite and granite nearly 100 metres below the unconformity. This may be an important vector for additional basement-hosted mineralization. Some of the better drill hole intersections in the Maverick East Zone include ML-202, which returned 1.79% U₃O₈ over 11.5 metres, including 4.17% U₃O₈ over 4.5 metres and 9.12% U₃O₈ over 1.4 metres, as well as recently announced hole ML20-09, which returned 0.72% U₃O₈ over 17.5 metres from 271.5 metres to 289.0 metres, including 1.00% U₃O₈ over a 10.0 metre interval in the basement portion of the interval (279.0 metres to 289.0 metres). The focus for future drilling in this area will be on the down-dip, along strike and down-plunge extensions of the Maverick East target.