Skyharbour Resources Ltd.

The Western Athabasca Syndicate Commences its Winter Field Program at the Preston Uranium Project in the Patterson Lake Region of the Athabasca Basin - Seite 2

 

Preston Uranium Property - 2015 Winter Program Target Areas:

http://skyharbourltd.com/_resources/pdf/NR_Map_20150218.pdf

 

The Syndicate has carried out one of the largest regional exploration programs in the relatively underexplored south-western side of the Athabasca Basin over the last eighteen months. A total of approx. $3.75 million in expenditures on the Preston Uranium Property has been incurred including ground gravity, airborne and ground EM and magnetics, radon, soil, silt, biogeochem, lake sediment, and geological mapping surveys, as well as boulder prospecting and a first pass diamond drill program. Fifteen high-priority drill target areas associated with eight prospective exploration corridors have been successfully delineated through this methodical, multi-phased exploration initiative which has culminated in an extensive, proprietary geological database for the project area. Skyharbour is the operator of the Western Athabasca Syndicate.

 

Preston Uranium Property High Priority Target Areas:
http://skyharbourltd.com/_resources/SYH_Feb2014_Exploration.jpg

 

The 246,643 hectare Preston Uranium Property is the largest individual property proximal to Fission Uranium's Triple R deposit and the recent discovery made by NexGen Energy on the Rook-1 Project. The tremendous potential of the area is highlighted by the recently reported results from Fission Uranium's Patterson Lake South property with the announcement of the large, shallow, high grade Triple R deposit, which includes 79.6 million pounds at 1.58% U3O8 indicated and 25.9 million pounds at 1.30% U3O8 inferred (See Fission Uranium news release January 9, 2015).

 

Management cautions, mineralization present on proximal properties is not necessarily indicative of mineralization on the Syndicate's Property.   

 

Falcon Point Uranium Property Update:

 

Skyharbour is preparing for a winter drill program at its 100% owned Falcon Point (previously Way Lake) Uranium Project which will commence in March. This will be the Company's first work program at Falcon Point since acquiring the project from Denison in the summer of 2014. Skyharbour has received a recommendations report for additional work and drilling on the project from its geological team and drill permitting is underway. The program will consist of diamond drilling high-priority targets including areas in and around the current uranium resource at the JNR Fraser Lakes target. Additional details for the program are forthcoming.