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Skyharbour Resources to Carry Out Multiple Phases of Diamond Drilling Totalling 10,000 Metres at the Russell Lake Uranium Project, Saskatchewan
Vancouver, BC, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQX:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce pla
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":" Vancouver, BC, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQX:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce plans for a multi-phased drill campaign at its recently optioned 73,294 hectare Russell Lake Uranium Project strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is planning 10,000 metres of diamond drilling over three phases to be completed by September of next year and is fully funded for the drill campaign. Russell Lake Project Location Map Jordan Trimble, President and CEO of Skyharbour, stated: “We are very excited to be announcing plans for our multi-phased, 10,000 m drill campaign at the Russell Lake Uranium Project. This is a key milestone for Skyharbour and will provide consistent news flow for the next year. Uranium properties with the pedigree and potential of Russell Lake are rare given the high-grade mineralization in historical drill holes coupled with the many highly prospective exploration targets that offer the potential to generate new discoveries scattered across the large project area.” “Furthermore, Skyharbour continues to grow its prospect generator business with several new partner companies optioning the South Falcon East, Wallee and Usam Projects. Over the next year, the Company is anticipating the largest combined drilling and exploration campaigns at its core projects of Russell and Moore, as well as at its partner-funded projects of East Preston, Hook Lake, Mann Lake, Yurchison, South Falcon East, Wallee and Usam.” Phase 1 Diamond Drilling Program at Russell Lake The Company is planning to carry out a first-phase, 3,000 metre drill program to follow up on notable historic exploration and findings, as well as to test additional targets with the potential to generate new discoveries. This fully funded and permitted drill program will test previously identified prospective target areas, some of which host high-grade uranium mineralization in historical drill holes. Of particular interest for this inaugural drilling program will be the Grayling Zone. This program will be the first of several phases of drilling at the project. After extensive compilation and review of the relevant exploration data, special attention was given to the structural setting of the geological, geochemical and geophysic...