- Skyharbour Resources (SYH) has begun a 2020 summer drill program at its flagship Moore Uranium Project in the Athabasca Basin of Saskatchewan
- The company intends to drill a total of 2,500 metres with between seven and nine drill holes
- Drilling has been designed to test both unconformity and basement-hosted targets along the high-grade Maverick Structural Corridor
- Particular attention will be paid to potential underlying basement feeder zones within the corridor
- Skyharbour Resources (SYH) is currently down 2.63 per cent to C$0.18 per share at 2:03pm EDT
Skyharbour Resources (SYH) has begun a 2020 summer drill program at its flagship Moore Uranium Project in the Athabasca Basin of Saskatchewan.
Located roughly 15 kilometres east of Denison Mines’ Wheeler River Project, the property covers 35,705 hectares with 12 contagious claims.
Skyharbour signed an option agreement with Denison in June 2016 to acquire the Moore Uranium Project, where the high-grade Maverick Zone was discovered in May 2000.
The Vancouver-based company intends to carry out 2,500 metres of drilling via seven to nine diamond drill holes, which will follow-up on a successful winter drill program that was completed earlier this year.
Skyharbour’s exploration program has been designed to test both the unconformity and basement-hosted targets along the Maverick Structural Corridor. Particular interest will be paid to potential underlying basement feeder zones thought to be associated with the high-grade uranium hosted within the corridor.
To date, only 2.5 kilometres of the 4.7-kilometre-long Maverick Structural Corridor has been systematically drill tested. Skyharbour’s management therefore believes that there exists robust discovery potential along strike, both at the unconformity and at depth.
Jordan Trimble, President and CEO of Skyharbour Resources, said he is excited to begin the fully funded drill program at the Moore Uranium Project.
“This will serve as an important near-term catalyst for the company as we continue to drill test the fertile Maverick Structural Corridor with the intent of expanding known high-grade zones as well as discovering new ones.
“Partner funded exploration programs at Skyharbour’s other projects are slated to commence shortly as well,” he added.
Jordan also drew attention to signs of an accelerated uranium market recovery, which has seen an increase in both prices and sentiment as companies within the industry move into a more seasonally active time of the year.
Skyharbour Resources (SYH) is currently down 2.63 per cent to C$0.18 per share at 2:03pm EDT.