Skyharbour Makes High Grade Uranium Discovery at Maverick Zone
Skyharbour is a uranium and thorium exploration company, with a current project in Canada’s Athabasca Basin, and five drill-ready projects.
Skyharbour Resources (TSXV:SYH,OTCQB:SYHBF) has released the results from its 2018 winter/spring diamond drilling program at its flagship 35,705 hectare Moore uranium project, located approx.15 kilometres east of Denison Mine’s Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan.
Skyharbour is a uranium and thorium exploration company, with a current project in Canada’s Athabasca Basin, and five drill-ready projects.
As quoted from the press release:
Drillhole ML18-08 intersected high grade uranium mineralization within the Main Maverick Zone consisting of 5.39 percent U3O8 over 1.0 metre within an interval containing 2.07 percent U3O8 over 3.5 metres. This mineralization occurs at the unconformity from 265.8 to 269.3 metres downhole. Also of note is hole ML18-09 which intersected uranium mineralization at the unconformity in the Maverick East Zone, a new high grade lens discovered by Skyharbour last year. This hole returned a grade equivalent of 3.07 percent U3O8 over 1.8 metres from an interval containing a grade equivalent of 1.01 percent U3O8 over 6.3 metres.
Highlights:
- Hole ML 18-08 drilled on the Main Maverick Zone returned an unconformity-hosted intercept of 2.07 percent U3O8 over 3.5 metres from 265.8 to 269.3 metres downhole, including 5.39 percent U3O8 over 1.0 metre.
- Hole ML18-09 drilled at the Maverick East Zone returned a grade equivalent of 1.01 percent U3O8 over 6.3 metres from 275.4 to 281.7 metres downhole at the unconformity, including an interval of 3.07 percent U3O8 over 1.8 metres.
- Three of the four holes drilled at the Maverick corridor in this program returned high grade uranium mineralization and successfully expanded the known high grade zones.
- Only 2 kilometres of the total 4 kilometre long Maverick corridor have been systematically drill tested leaving robust discovery potential along strike as well as at depth in the underlying basement rocks which have seen limited drill testing historically.
- Regional diamond drill hole ML18-03 tested the Venice target 8 km northeast of the Main Maverick Zone, and intersected uranium mineralization in graphitic pelites that occur just below the unconformity in the basement rock at 279 metres downhole.
- Given the success of the 2018 winter/spring drilling program at Moore, planning is currently underway for a minimum 3,000 metre summer diamond drilling program to commence in August; additional news and details are forthcoming.
“The recently completed winter/spring drill program at the Moore Project has expanded the known high grade zones at the Maverick corridor by intersecting relatively shallow uranium mineralization at the unconformity. Furthermore, new regional discoveries were made at the Venice target. We will be commencing a summer drill program to follow up on these results and test more extensively new targets in the underlying basement rock at the Maverick corridor,” said Jordan Trimble, president and CEO of Skyharbour Resources.
