Skyharbour Resources: Reports Expanded High Grade Uranium Resource at East Maverick Zone in Saskatchewan
In this segment of The Ellis Martin Report we speak with Jordan Trimble, CEO of Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) as the company reports an expanded high grade uranium resource at the East Maverick Zone of the Moore Uranium Project in Saskatchewan, Canada....along with an update on partner JVs and the uranium sector.To view the announcement, please visit:
https://abnnewswire.net/lnk/51G08TTM
About Skyharbour Resources Ltd.:
Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) 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. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approximately 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 project with high grade uranium mineralization at the Maverick Zone. Drill results have returned 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 signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of specific segments 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 also owns a 100% interest in the Falcon Point Uranium Project which hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade uranium mineralization has been identified. 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.
Source:
Skyharbour Resources Ltd.
Contact:
Telephone: 604-639-3855 or 604-639-3856 Toll Free: 1-800-567-8181 Fax: 604-687-3119 Email: info@skyharbourltd.com Simon Dyakowski Jordan Trimble www.skyharbourltd.com
