| TSX Venture Exchange: SYH
Skyharbour Resources (TSX-V: SYH) is a uranium and thorium exploration company actively advancing projects totaling over 220,000 hectares in the prolific Athabasca Basin of Saskatchewan, Canada. In May 2014, Skyharbour announced the purchase of 100% interests in the Falcon Point (formerly Way Lake) and Yurchison Lake Uranium Projects from Denison (TSX: DML) totaling 91,663 hectares on the east side of the Basin. At the Falcon Point property, an NI 43-101 mineral resource estimate was released in 2015 on the property for the Fraser Lakes Zone B consisting of 7.0 million pounds U3O8 inferred at an average grade of 0.03% U3O8 and 5.3 million pounds ThO2 inferred at an average grade of 0.023% ThO2 within 10.4 million tonnes using a cutoff grade of 0.01% U3O8. On the north side of the project at the Hook Lake target, high grade mineralization has recently been discovered with up to 68% U3O8 in grab samples from a massive pitchblende vein. The source of this high grade uranium mineralization has yet to be discovered.
Skyharbour has earned a 50% interest in one of the largest land packages (127,495 hectares) strategically located near Fission Uranium’s (TSX: FCU) Patterson Lake South (“PLS”) high grade Triple R uranium deposit as well as NexGen Energy’s (TSX-V: NXE) recent high grade uranium discovery on their Rook 1 Project at the Arrow target. These new discoveries demonstrate the potential for high-grade uranium on the margins of the western side of the Basin where significantly less exploration has been carried out. Skyharbour’s land position comprising the Preston Uranium Project was acquired for its interpreted favourable geology for the occurrence of PLS style uranium mineralization.