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First Phase of Exploration Begins at Skyharbour Resources’ Patterson Lake Uranium Properties

Investing News Network
May. 27, 2013 05:24AM PST
Company News

Skyharbour Resources Ltd. (TSXV:SYH) announced that the first phase of exploration is under way at its Patterson Lake Uranium properties in Saskatchewan.

Skyharbour Resources Ltd. (TSXV:SYH) announced that the first phase of exploration is under way at its Patterson Lake Uranium properties in Saskatchewan.

As quoted in the press release:

 An airborne geophysical survey is being flown over the next few weeks and will cover approximately 2,120 line kilometres using a VTEM system and a magnetometer survey with an additional 825 line kilometres of radiometric sensor coverage. Skyharbour has six properties consisting of approximately 388,000 acres of prospective ground strategically located near the Alpha Minerals (TSX-V: AMW) and Fission Uranium (TSX-V: FCU) Patterson Lake South (PLS) uranium discovery area making Skyharbour one of the largest land holders in the region.

Skyharbour’s Director, Jim Petit, said:

Now that we have brought in two value-add partners into the project we can collectively focus on carrying out an aggressive exploration program starting with a regional airborne geophysical survey followed by field work this summer. Noka and Lucky Strike bring valuable technical expertise, proven management teams and financial capital to help create synergies in the field and corporately. Our geological teams plan to employ the refined exploration methodology that led to the Alpha / Fission PLS discovery to further increase our chances of making a new discovery while saving costs and time. We believe this partnership and structure offers the best prospects for vectoring in on a new uranium discovery in the Athabasca region while at the same time mitigating company-specific risk.

To view the whole press release, click here. 

tsxv:syh patterson lake south alpha minerals patterson lake uranium
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