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Skyharbour Discovers VMS in 100 Metre Step-Out Hole at former South Bay Mine Project, NW Ontario
TSX-V Trading Symbol: SYH Telephone: (604) 687-3376 Email: [email protected] ...
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX-V Trading Symbol: SYH Telephone: (604) 687-3376\nEmail: [email protected] Facsimile: (604) 687-3119\n\n\nVANCOUVER, April 17 /CNW/ - Skyharbour Resources Ltd. (TSX-V: SYH) (the\n"Company") is pleased to announce that step-out hole SB08-5 has encountered\nVolcanogenic Massive Sulfides (VMS) mineralization approx. 100 metres north of\na previously announced discovery hole located 500 metres to the southwest of\nthe former South Bay Mine shaft, 80 km east-northeast of Red Lake,\nNorthwestern Ontario.\n\n\nSouth Bay Claims Map, NW Ontario:\n\n\nhttp://www.skyharbourltd.com/s/Image.asp?i(equal sign)maps/SYH_South_Bay_Map_new.jpg\n\n\nHole SB08-5 zone of mineralization appears to be the stratigraphic\nequivalent of the lower zone of zinc bearing exhalite encountered in discovery\nhole SB08-4, announced by News Release April 3rd, 100 metres to the south. The\nmineralization consists of fine grained and finely banded sphalerite and\npyrite between 456.9 and 459.9 metres in the hole. Hole SB08-5 was drilled\nwith an azimuth of 270 degrees and a dip of 60 degrees.\n\n\nDrill hole SB08-6 is now in progress from the same collar as SB08-5 at a\nshallower angle to test for the continuation of the upper zone encountered in\ndiscovery hole SB 08-4. SB08-6 is being drilled at an azimuth of 250 degrees\nand a dip of 50 degrees.\n\n\nThese newly identified massive sulphide zones are in an area that has\nnever been drill tested in the past. Assays are pending.\n\n\nSkyharbour Resources previously announced by News Release April 3rd and\nApril 8th, 2008 that the Company intersected 2 zones of Volcanogenic Massive\nSulphide (VMS) mineralization in drill hole SB08-4. SB08-5 seems to indicate\nthat the VMS mineralization continues to the north northeast towards the shaft\nof the past producer South Bay Cu-Zn-Ag Mine. (Selco 1970 - 1982) and the zone\nof mineralization appears to be the stratigraphic equivalent of the lower zone\nof the sphalerite bearing exhalite encountered in SB 08-4. This may suggest\nmultiple or stacked mineralized horizons which is a common feature of VMS\ndeposits.\n\n\nAdditional drilling is planned for this phase 1 drill program on the\nSouth Bay property. Skyharbour Resources will add an additional 4000 metres of\ndrilling to the program at this time.\n\n\nThe Company also announces it will immediate...