Skyharbour Begins Summer Drill Program at Preston Property

Skyharbour Resources (TSXV:SYH) announced that the Western Athabasca Syndicate has begun its summer drill program at its Preston uranium property in the Athabasca Basin. The company also announced that upon completion of the drill program, Skyharbour and Athabasca Nuclear will form a 50/50 joint venture on the project.
As quoted in the press release:

Two target areas out of a growing target base currently standing at fifteen were selected for drilling based on encouraging fieldwork results, including coincident anomalies from ground gravity, airborne and ground EM and magnetics (graphitic conductors and structures), radon, soil, biogeochem, lake sediment, and geological mapping surveys. The program’s primary drill target in the Canoe Lake region is considered to be one of the most prospective geological targets on the property. In addition, the drilling now underway is the first drill testing that this target has received.
A total of 1,480 metres of drilling is anticipated to be completed over the coming weeks. The drilling will consist of 5 holes with drill hole lengths ranging from 150 to 400 metres and is expected to be focused at the Canoe Lake and FSA target areas during the current drill program. Based on regional data compilation, depth to the top of the target zone (being the top of basement rock) is expected to be relatively shallow, ranging from 25 metres to 75 metres for the two target areas.
Rojo Resources and Noka Resources did not meet the Western Athabasca Syndicate cash call for this drill program and have thus defaulted on the Syndicate option agreement. After finishing this drill program just under $5 million in exploration expenditures will have been incurred by the Syndicate on the Preston Project over the last two years.

Jordan Trimble, president and CEO of Skyharbour Resources, commented:

We are excited to be commencing this diamond drill program at the Preston Uranium Project. The results from the extensive fieldwork carried out to date at Preston have vectored in on fifteen high-priority areas with similar geological features and exploratory indicators as those at the nearby PLS and NexGen discoveries. The two target areas we are drill testing provide strong discovery potential as we continue to value-add the project using a systemic and proven exploration methodology.

Click here to read the full Skyharbour Resources (TSXV:SYH) press release.