Skyharbour Option Partner Azincourt Announces Upcoming Exploration Program at East Preston Uranium Property

Skyharbour Resources (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce the Company’s option partner Azincourt Energy (TSX-V:AAZ) (“Azincourt”) has announced details for an upcoming exploration program at the East Preston Uranium Project located in the western Athabasca Basin near NexGen Energy’s high-grade Arrow deposit hosted on its Rook-1 property and Fission Uranium’s  Triple R deposit located within their PLS Project area.

Skyharbour and Clean Commodities entered into an Option Agreement (the “Agreement”) with Azincourt which provides Azincourt an earn-in option to acquire a 70% working interest in the East Preston Property (see news release dated March 28th, 2017).
Under the Agreement, Azincourt has issued to Skyharbour and Clean Commodities each 2,250,000 common shares and will contribute cash and exploration expenditure consideration totaling up to CAD $3,500,000 in exchange for up to 70% of the applicable property area over three years. Of the $3,500,000 in project consideration, $1,000,000 will be in cash payments to Skyharbour and Clean Commodities.

Click here to read the full text release.