“We’re pleased to get the 2021 drill program underway,” said president and CEO of Azincourt, Alex Klenman. “East Preston has had only 12 holes drilled to date, and these early results confirm we have the right basement unconformity uranium setting with the right rocks, structure and alteration. We’re still very early in the exploration phase, and with the recent geophysics program adding significantly to the drill target inventory we’re confident we’re on the path to discovery. We’re looking forward to continuing the development of East Preston,” commented Mr. Klenman.
For further information contact :
Corporate Development and Communications
Skyharbour Resources Ltd.
Jordan Trimble, President and CEO of Skyharbour Resources, stated: “We are very pleased with the results from this most recent drill program at our flagship Moore Project as we continue to discover new high grade uranium mineralization at the Maverick Corridor in relatively wide intercepts of continuous mineralization. We will be commencing a winter drill program to follow up on these results and test more extensively the highly prospective potential feeder zones in the basement rock at the Maverick Corridor. Skyharbour is very well positioned to benefit from the accelerating uranium market recovery with strong discovery potential and upcoming news flow from its continued drilling at Moore. Additional news flow will be provided by the work of partner companies Valor Resources, Orano Canada and Azincourt Energy each earning-in at our North Falcon Point, Preston and East Preston Projects, respectively.”
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone with drill results returning up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit.
The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Skyharbour has signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.
Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
In today’s interview, we will sit down with Jordan Trimble the CEO of Skybarhour Resources provides a compelling case on the merits of becoming a shareholder in Skyharbour Resources Ltd., which is a Preeminent Uranium and Thorium Explorer In Canada’s Prolific Athabasca Basin, and discuss the Uranium Market and upside potential for Skyharbour Resources. We will discuss how the Biden administration will impact the Uranium supply and demand fundamentals, in particular in the United States. We will address uranium spot and contract prices. Also we will discuss the 80% Earn-In Option exercised by Valor Resources on the North Falcon Point Uranium Project. Mr. Trimble will also highlight the recent drill program success on the flagship Moore Project. If you like ‘Clean Energy’ this is a must-watch interview, as Skyharbour Resources is one of the few uranium stocks implementing exploration along with project generation for upside potential.
For investor questions please call: Simon Dyakowski or Jordan Trimble
Telephone: 604-639-3855 or 604-639-3856