Skyharbour Commences Exploration and Mobilizes for Upcoming Drill Program at its High Grade Moore Uranium Project, Saskatchewan - Seite 4

Grid Nineteen Geophysical Program:

A review of historical airborne EM has identified several conductive features in an area located between the East Venice and Rarotonga conductor systems that warrant follow-up groundwork. The airborne conductors lie in a structurally complex area that bridges a break in the east trending Venice East conductive system and the north trending Rarotonga conductors. A total of 9 line km of survey is planned to utilize 200 metre loops in a moving array. The program was designed and will be interpreted by Bingham Geoscience of Saskatoon. The survey is being conducted by Patterson Mining Geophysics of La Ronge. Both Bingham and Patterson have been active in uranium exploration of the Athabasca Basin for over 35 years and have a wealth of experience in the district.

Winter 2021 Geophysical Program at Moore:
https://www.skyharbourltd.com/_resources/maps/Moore2021-Geophysics.jpg

Moore Uranium Project Overview:

In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project on the southeastern side of the Athabasca Basin, in northern Saskatchewan. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approximately 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity style uranium mineralization was discovered on the Moore Project at the Maverick Zone in May 2000. Historical drill results include 4.03% eU₃O₈ over 10.0 metres including 20% eU₃O₈ over 1.4 metres. In 2017, Skyharbour announced drill results of 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265.0 metres at the Maverick Zone. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is easily accessible by air and in winter via ice roads which simplifies logistics and lowers costs.

Moore Lake Uranium Project Geophysics Map:
http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jp ...

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person.