Canadian Mining Journal

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URANIUM: Skyharbour drills 20% U3O8 at Maverick zone, discovers new high grade lens at Moore Lake



SASKATCHEWAN – Vancouver-based Skyharbour Resources said the first drill hole of this winter’s program at the Moore Lake uranium project returned 20.8% uranium oxide over 1.5 metres in the main Maverick zone. The high grade interval was within a 5.9-metre zone of anomalous radioactivity that averaged 6.0% uranium oxide.

Moore Lake uranium projects claims map.

The second hole returned a grade equivalent of 1.7% elemental uranium oxide over 7.2 metres including 3.3% over 4.6 metres of what may be a new, high grade zone. The fourth hole returned 5.6% elemental uranium oxide over 1.8 metres within a 10.7-metre interval that averaged 1.4%. Skyharbour said the early success of the drill program had led the company to expand the current program to 4,500 metres from 3,000 metres.

The company has now completed five holes at Moore Lake 40 km northeast of Key Lake. Skyharbour acquired a 100% in the property from Denison Mines. The original discovery was made by JNR Resources in the early 2000s, and since that time roughly $30 million has been spent on exploration and drilling there.

Additional information about the Moore Lake project is available at www.SkyharbourLtd.com.