Skyharbour drills 6.80% uranium oxide interval at Moore
(Kitco News) - Skyharbour Resources (TSX-V: SYH) today announced high-grade results from its 2021 summer diamond drilling program at its 100% owned Moore uranium project, located in the world's richest Athabasca Uranium Basin in Saskatchewan, Canada.
The Moore uranium project is located approximately 15 kilometres east of Denison Mine's Wheeler River project and proximal to regional infrastructure for Cameco's Key Lake and McArthur River operations in the Athabasca Basin.
According to the company's statement, drillhole ML21-03 intersected additional high grade, basement hosted uranium mineralization at the Maverick East Zone.
The company said that this hole returned 2.54% U3O8 over 6.0 metres including 6.80% U3O8 over 2.0 metres. Furthermore, the company added that drilling on the regional Grid 19 target identified several prospective geological features that are indicative of uranium mineralizing systems.
President and CEO Jordan Trimble said that the company is thrilled with the first batch of drill results highlighted by drill hole ML21-03 which returned the best intercept to date in the basement rocks at the Maverick East Zone.
“Our geological team is continuing to explore for higher grade uranium mineralization along strike and down plunge at this zone with an expanded drill program. We are successfully increasing the size of the high-grade zones at the Maverick corridor and these results illustrate the notable discovery upside potential at the project especially in the basement rock feeder-zones which have had limited drill-testing historically," he added.
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin, including its flagship Moore uranium project, which Skyharbour acquired from Denison Mines, a large strategic shareholder of the company. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.