The Energy Report
Source: Streetwise Reports 03/01/2019
The company’s first 2019 program will further explore the uranium mineralization discovered last year.
Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release it started its 2019 winter drill program at its Moore uranium project in Saskatchewan.
The campaign will encompass at least eight to 10 diamond drill holes over 3,000 meters. The purpose is to follow up on the positive results from last year’s drill campaigns.
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Drilling will “test both unconformity and basement-hosted targets along the high-grade Maverick structural corridor” and other shallow, regional targets along the Otter grid, which could lead to other discoveries, the release noted. Specific attention will be paid to possible underlying basement feeder zones, targets that are relatively untested to date.
Potential mineralization upside remains along strike and at depth in the underlying basement rocks.
Jordan Trimble, president and CEO of Skyharbour Resources, stated, “We are excited to get the next phase of drilling started at our flagship Moore uranium project which will serve as an important near term catalyst for the company. The high grade uranium mineralization discovered during the two drill programs completed last year illustrates the strong discovery potential at the project. We will be drill testing the Maverick corridor with a focus on basement-hosted targets as well as testing other shallow, regional exploration targets that offer the potential to generate additional discoveries. To complement this drill program, and add additional news flow and discovery potential, Skyharbour’s partner Orano Canada Inc. is currently carrying out 3,600 metres of drilling at the Preston Project while the Companys other partner Azincourt Energy is planning to commence a drill program shortly at the East Preston Project.”
Read what other experts are saying about:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Skyharbour Uranium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Skyharbour Uranium, a company mentioned in this article.
( Companies Mentioned: SYH:TSX.V; SYHBF:OTCQB,