Skyharbour Announces Additional Uranium Property Staking Increasing Total Property Portfolio to over 1.45 Million Acres in the Athabasca Basin, Saskatchewan

Vancouver, BC, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH)   (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that it has acquired by low-cost staking new prospective uranium exploration claims in northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 587,364 ha (1,451,408 acres) across 29 projects. These 100% owned claims add an additional 64,267 ha to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore uranium projects, these new claims will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance these assets.

Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locato ...

List of New Properties:

• Bend Project – two mineral claims covering 9,114 hectares
• Compulsion Project – two mineral claims covering 10,451 hectares
• Genie Project – five mineral claims covering 16,930 hectares
• Hartle Project – ten mineral claims covering 52,518 hectares
• Regambal Project – five mineral claims covering 24,208 hectares
  
  

Property Summaries:

The recently staked minerals claims are all located in Wollaston Domain just outside of the Athabasca Basin sandstone and are underlain by prospective Wollaston Supergroup metasedimentary gneisses including lower Wollaston pelitic gneisses (± graphite). The properties are prospective for both basement-hosted unconformity-related U and pegmatite-hosted U-Th-REE, with additional potential to host base metals and other critical minerals. Some of these properties have historical pegmatite-hosted U-Th and base metal showings and historical EM conductors, with partial coverage of the properties by modern EM, magnetics, and radiometric surveys.

In addition to the newly staked claims, several other claims were re-staked during competitive staking rushes in the Usam and Riou River areas. The newly re-staked Usam project consists of 40,041 ha over twelve claims, covering a large portion of prospective Wollaston Supergroup metasedimentary gneisses northeast of Cameco’s Rabbit Lake Operation. Riou River now consists of 8,620 ha over six claims in the north-central portion of the Athabasca Basin and is underlain by Athabasca Supergroup sandstone and conglomerate.