Skyharbour Launches New Drilling Program at Moore Uranium Project
Skyharbour Begins Drilling at Moore Uranium Project
Skyharbour Resources Ltd. (TSX-V: SYH, Frankfurt: SC1P, OTCQX: SYHBF) is thrilled to announce the initiation of a major summer diamond drilling program at its Moore Uranium Project. This project, extending over an impressive 35,705 hectares, is strategically located in the Athabasca Basin, known for hosting some of the richest uranium deposits globally.
Details of the Drilling Program
The recently launched drill program aims to explore approximately 2,500 meters through seven to nine drill holes. It focuses on enhancing our understanding of the high-grade Main Maverick and Maverick East Zones. The infrastructure surrounding the project, including proximity to essential facilities, is an added advantage, greatly reducing operational costs.
Funding and Future Plans
Skyharbour Resources is fully funded for this program and has permissions secured for additional drilling later this year at the Russell Lake Project. The proactive approach allows for an estimated 4,000 to 5,000 meters of follow-up drilling planned for the fall season, showcasing the company’s commitment to expanding its uranium mining endeavors.
Exciting Highlights of the Program
There are several exciting aspects of this program:
- The drilling targets are relatively shallow, approximately 250-280 meters from the surface, making them accessible for exploration.
- Local infrastructure, including powerlines and access routes from the McArthur River Mine, are set to enhance operational efficiency.
- The Maverick Corridor, spanning 4.7 kilometers, holds robust discovery potential with many areas yet to be systematically drilled.
- Previous drill results indicated strong uranium mineralization, with historical highlights further affirming the area’s potential.
CEO's Insight
Jordan Trimble, the President and CEO of Skyharbour, expressed his enthusiasm about the upcoming drilling activities. He noted that the planned program significantly leverages existing infrastructure and aims to delineate the numerous uranium zones within the Maverick Corridor. The success of previous drilling endeavors has built a solid foundation for ongoing advancement in this promising region.
Moore Uranium Project Overview
Skyharbour secured an option to acquire the Moore Uranium Project back in 2016, demonstrating strategic foresight in the competitive uranium sector. Since then, the project has yielded promising results, including high-grade mineralization, with drill intersections showing values exceeding 6% U3O8—evidence of the rich potential that lies beneath the surface. The project is fully accessible via seasonal roads, making logistical operations easier and cost-effective.
Future Exploration Goals
The summer drilling program at Moore is just a part of Skyharbour's broader strategy to maximize shareholder value through advanced exploration and discovery. With numerous regional targets identified, the company plans to assess these zones in future drilling campaigns, expanding its footprint in one of the most lucrative mining jurisdictions in the world.
Frequently Asked Questions
What is the objective of the current drilling program?
The objective is to expand and characterize the high-grade Main Maverick and Maverick East Zones.
How is the drilling funded?
The program is fully funded, with permissions secured for the immediate operations and additional follow-up drilling.
What is the historical significance of the Moore Uranium Project?
The project has a history of high-grade drill results, demonstrating its substantial potential for continued discovery.
Are there plans for future drilling projects?
Yes, Skyharbour plans to conduct 4,000 to 5,000 meters of follow-up drilling at the adjacent Russell Lake project later this year.
Who can I contact for more information about Skyharbour Resources?
For further inquiries, you can reach out to the Investor Relations Manager, Nicholas Coltura, or contact the CEO, Jordan Trimble.
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