Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources Ltd. (SYHBF) partner Basin Uranium Corp. announced significant uranium mineralization from its phase one drilling at the Mann Lake project, located near major uranium deposits in Canada. Key findings include 323 ppm U₃O₈ over 0.5 meters in hole MN22002, suggesting a promising northeast conductor corridor. The results have upgraded the project's potential, prompting plans for a phase two drill program to explore further. The initial program covered 3,503 meters and uncovered valuable pathfinder elements and rare earths, indicating strong mineralization prospects.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has provided an update on Azincourt Energy's plans for the East Preston Project in Saskatchewan. With a fully funded drilling program slated for fall 2022 and winter 2023, approximately 6,000 metres of drilling in over 20 holes is planned. The focus is on the A-G and K-H-Q Trends to explore significant alteration zones and elevated uranium values. The permitting process is underway, and community engagement continues with the Clearwater River Dene Nation.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has finalized its option agreement with Rio Tinto Exploration Canada to acquire the Russell Lake Uranium Project, encompassing 73,294 hectares. This project, located strategically in the Athabasca Basin, is notable for its historical drilling results, revealing numerous high-grade uranium showings. Under the agreement, Skyharbour must pay CAD $508,200 and issue 3,584,014 shares to Rio Tinto, alongside committing to CAD $5,717,250 in exploration expenditures over three years.

Skyharbour Resources Ltd. (SYHBF) has reported promising results from the Winter 2022 drill program at the East Preston uranium project in Saskatchewan, Canada. The program covered 5,004.5 meters across 19 drill holes, revealing significant uranium enrichment, particularly in the G-, K-, and H-Zones. Notable findings include samples with up to 19.5 ppm U. Azincourt Energy, the partner company, is set to follow up with additional drilling in the coming months. The company maintains a strong financial position to advance exploration plans despite a downturn in the market.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced the completion of its phase one drilling program at the Mann Lake project, totaling 3,503 metres across five holes. Significant uranium mineralization was intersected, with the unconformity reached in all holes between 608 to 651 metres. The upcoming second phase of drilling, planned for fall 2022, will also utilize results from this phase and forthcoming geophysical surveys to target further exploration. The project is strategically located near major uranium deposits, indicating strong potential for discovery and development.

Skyharbour Resources Ltd. (SYHBF) has entered an Option Agreement with Rio Tinto Exploration Canada to acquire up to 100% of the Russell Lake Uranium Project, covering 73,294 hectares in the Eastern Athabasca Basin. The property, strategically located between key uranium projects, has undergone significant historical exploration, identifying multiple high-grade uranium targets. Skyharbour can earn a 51% initial interest by investing CAD $508,200, issuing shares, and funding CAD $5.7 million in exploration over three years. The acquisition positions Skyharbour for potential new discoveries and operational synergies.

Skyharbour Resources Ltd. (SYHBF) announced the completion of its second diamond drill hole at the Mann Lake uranium project in Saskatchewan. The hole reached a depth of 683 meters, intersecting visible uranium mineralization and anomalous readings at 660 meters. The third hole is underway, targeting a depth of 700 meters. Basin Uranium Corp., the partner on this project, is progressing on time and budget, with ongoing core logging and sampling. Skyharbour’s strategic position in the Athabasca Basin remains critical as it continues exploration activities.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced the completion of the first diamond drill hole at the Mann Lake uranium project in Saskatchewan. The drill reached a depth of 731 metres and intersected the unconformity at around 650 metres. The second hole is currently underway, targeting a depth of 700 metres. A geophysical survey is scheduled for early May 2022, with ongoing core logging and sample preparation for chemical assays.