NEW: No-Cost Streetwise Reports Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: SYH; SYHBF

Uranium Explorer to Mobilize Rig for Summer Drilling in Athabasca
News Update

Share on Stocktwits

Source:

Skyharbour Resources is about to commence a drill campaign at the Moore Uranium Project following its recent winter program.

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release that with plans ready to commence a summer drill program at its Moore Uranium Project in Saskatchewan's Athabasca Basin, it will mobilize a rig soon.

This next phase of drilling "will serve as an important near-term catalyst for the company," President and CEO Jordan Trimble said in the release. "The high grade uranium mineralization discovered during previous drill programs illustrates the strong discovery potential at Moore and recent geophysics and geological modeling have yielded new high priority drill targets that have seen limited historical drilling."

The Vancouver-based explorer plans to drill seven to nine diamond drill holes over 2,500 meters in follow-up to its winter campaign.

Skyharbour will drill test unconformity and basement-hosted targets along the Maverick structural corridor, aiming in part to identify any underlying basement feeder zones. Of the corridor's 4.7 kilometers, only 2.5 km have been tested thus far. Therefore, it offers further discovery potential.

The company also intends to expand the high-grade mineralization at the Maverick East zone and test the Viper target along strike.

"The uranium market has recently shown notable signs of recovery with increasing uranium prices and improving sentiment, and this recovery appears to be accelerating amid recent news and several sector developments including mine closures and production curtailment," Trimble said.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Skyharbour Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Skyharbour Resources, a company mentioned in this article.




Learn More about Streetwise Reports Live

Want to read more about Uranium investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe