Skyharbour Resources Ltd. (“Skyharbour” or “the Company”) (TSX.V –SYH) is pleased to announce the results of its inaugural drill program at the Russell Lake Project located in the Athabasca Basin, Northern Saskatchewan. The program was designed to test and further expand upon previous high-grade uranium mineralization intersected by Skyharbour while conducting earlier exploration activities at Russell Lake during the winter and summer of 2019.
The drill program consisted of 11 NQ-diameter holes totalling 1,683.5 metres of core drilling. The program was highly successful in intersecting several key uranium mineralized intervals with several of the most significant results located at shallow depths. Most notably, Hole RL19-02 yielded 1.10% uranium (U3O8) over a 3.0 metre core interval at a depth of 18.8 metres, including 2.80% U3O8 over 1.0 metre (from 20.4 to 21.4 metres). In addition, Hole RL19-11 intersected 0.25% U3O8 over 2.0 metres from a depth of 21.5 metres.
The results from the Russell Lake Project drill program have indicated highly prospective uranium mineralization in the area and the team at Skyharbour is very pleased with the results that have been generated so far. In light of the successful drill program, the Company is now planning a follow-up winter drill program which will occur in early 2020. This drill program will aim to increase the understanding of the geology at Russell Lake and identify any potential additional uranium mineralized intervals.
Skyharbour is a uranium exploration company that is well positioned to breakout of the current uranium market downturn. Through its successful drill program at Russell Lake and its follow-up winter drill program, the Company is well on its way to exploring and being successful in the Athabasca Basin. Skyharbour’s focus and determination to explore its projects have provided investors with the confidence and the opportunity to invest in the future of uranium exploration and development.
