Skyharbour Announces UAV-MAGTM Airborne Geophysics Surveying on its High Grade Moore Uranium Project
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
July 8th, 2019
NEWS RELEASE
Skyharbour Announces UAV-MAGTM Airborne Geophysics Surveying on its High Grade
Moore Uranium Project
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:
SC1P) (the “ Company”) is pleased to announce the commencement of an Unmanned Aerial
Vehicle Magnetometer Survey (“UAV-MAGTM Survey”) to be completed by Pioneer Aerial Surveys
Ltd. (“Pioneer”) on the Company’s 35,705 hectare Moore Uranium Project, located approx. 15 km
east of Denison Mine’s Wheeler River project on the southeast side of the Athabasca Basin,
Saskatchewan. The survey will be flown as an enhancement to the UAV-MAGTM survey that was
flown over the Maverick structural corridor in 2018 which has aided in refining drill targets and
specifically those targets in the basement rocks. The Maverick structural corridor is host to several
high grade uranium zones including the Main Maverick Zone where previous drilling has returned
6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres in hole ML-199.
Moore Uranium Project Claims Map:
http://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure.jpg
This latest survey will consist of approx. 402 line km at 20 metre spacing and will utilize Pioneer’s
latest terrain following and magnetic systems to enhance data provided by the UAV-MAGTM
survey previously flown in 2018. The new survey will help better identify high-priority, cross-cutting
features, and structures along the Maverick conductor corridor. Identification of these features will
help refine and identify current and additional drill targets for the upcoming summer/fall 2019
diamond drill program at Moore. This enhanced UAV-MAGTM survey will provide for a high
definition survey at a lower cost using drones. Only 2 km of the total 4 km 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. With this
survey, Skyharbour continues to unlock the discovery potential at Moore through value -add,
systematic and cutting-edge exploration techniques.
Moore Uranium Project Maverick Corridor:
http://skyharbourltd.com/_resources/maps/Moore-Lake-Maverick-Corridor-Map-v1.jpg
Pioneer has extensive experience flying Unmanned Aerial Vehicle (“UAV”) based magnetometer
and remote sensing surveys for the mining and exploration sector and has successfully flown over
12,000 line km in surveys across North America. Pioneer is leading the industry in UAV remote
sensing for mineral exploration, mine site surveys and safety inspections. Their UAV systems are
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some of the most advanced in the world, custom built in Canada and capable of long flights and
diverse sensor payloads.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's
Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals
with six drill -ready projects. Skyharbour has acquired from Denison Mines, a large strategic
shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15
kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur
River uranium mine. Moore is an advanced stage uranium exploration property with high grade
uranium mineralization at the Maverick Zone with drill results returning up to 6.0% U3O8 over 5.9
metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has
signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and
Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total
exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares.
Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R
deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in
the Falcon Point Uranium Project on the eastern perimeter of the Basin which contains a NI 43 -
101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2
at 0.023%. The project also hosts a high -grade surface showin g with up to 68% U 3O8 in grab
samples from a massive pitchblende vein, the source of which has yet to be discovered. The
Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically
located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade uranium
mineralization was recently discovered. Skyharbour's goal is to maximize shareholder value
through new mineral discoveries, committed long -term partnerships, and the advancement of
exploration projects in geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/SYH_Landpackage_2014.jpg
To find out more about Skyharbour Resources Ltd. (TSX -V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
Jordan Trimble
President and CEO
For further information contact myself or:
Nick Findler
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward -looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that management of the Company expects, ar e forward -looking statements. Although management
believes the expectations expressed in such forward -looking statements are based on reasonable
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assumptions, such statements are not guarantees of future performance, and actual results or
developments may differ materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward -looking statements if management's beliefs, estimates or opinions,
or other factors, should change. Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further information.