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Skyharbour’s Partner Company Azincourt Energy Reports Elevated Radioactivity Within Significant Alteration Zone, at the East Preston Uranium Project
Vancouver, BC , March 01, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azinco
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":" Vancouver, BC , March 01, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azincourt Energy (“Azincourt”), is pleased to provide an update on the ongoing 2022 exploration program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada. Project Location – Western Athabasca Basin, Saskatchewan, Canada: https://www.skyharbourltd.com/_resources/maps/Sky_EastPreston_20211209.jpg Drilling at the East Preston Project commenced on January 24th, and to date, 3,208 metres have been completed in 13 drill holes. Ten drill holes are complete, one was abandoned, and two are in progress on the G- and K- Zones. Drilling continues on the northeast trending G-Zone where eight holes have been completed and one hole is in progress. Extensive alteration and evidence of east-west cross-cutting structures have been intersected along the southern portion of the zone. Hole EP0030 shows the best alteration on the G-Zone with an extensive interval of hydrothermal hematite alteration and significant evidence for a steep east-west fault cross-cutting the main northeast trending structure and graphitic lithologies. Additional drilling will be undertaken to evaluate the significance of this alteration and associated cross cutting structure. On the north-south trending K-Zone, two holes have been completed and one is in progress, with one hole lost in a sand filled fault zone at the north end of the zone. Drilling on the K-Zone has intersected extensive hydrothermal hematite alteration in all holes, indicating this alteration zone is at least 800 metres long. Drill hole EP0035 intersected an extensive zone of hydrothermal hematite more than 100 metres thick. Within this zone localized elevated radioactivity identified from both hand-held scintillometers and a downhole gamma probe was also encountered. Analysis of samples from this zone will be sent to the lab to evaluate the significance of the elevated radioactivity in this area. Additional drilling is underway to evaluate the significance of this alteration zone and to follow-up the elevated radioactivity identified. Azincourt considers the drilling results to date to be significant, as major uranium discoveries in the Athabasca Basin such as McArthur River, Key Lake, and Millennium ...