Skyharbour Resources Ltd. is pleased to announce that the Company has commenced its 8,000 metre winter drill campaign at its recently optioned 73,294 hectare Russell Lake Uranium Project strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan.
Jordan Trimble, President and CEO of Skyharbour, stated: “We are thrilled to begin the winter drilling at our co-flagship Russell and Moore Projects and anticipate plenty of news flow with ongoing, fully-funded programs right through the year. We are confident in the discovery potential and exploration upside at both projects given the high-grade mineralization in historical drill holes along with the many highly prospective target areas hosting the geology necessary for high-grade uranium deposition. Furthermore, for the first time in several years, we are infill and definition drilling at the high-grade Maverick Main Zone at Moore. With the uranium spot price around $100 / lb and the very compelling fundamentals underlying the commodity, this drill campaign and its potential catalysts could not come at a better time.”
Skyharbour is planning 5,000 metres of diamond drilling in ten to twelve holes at Russell and then plans to move the drill rig over to its adjacent 35,705 hectare high-grade Moore Uranium Project, to complete 3,000 metres of drilling in eight to ten holes.
Skyharbour’s geologists and contracted drilling crew are working out of an exploration camp at the project located on the McArthur River-Key Lake haul road within five kilometres of Denison Mines’ Phoenix deposit at the Wheeler River Project.
The Company is fully funded and permitted for this winter drill campaign, as well as for future drilling and other exploration programs later in 2024 at Russell and Moore.
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