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Skyharbour Resources Ltd. (TSXV:SYH) – Notable News

April 12, 2022

Skyharbour Resources Ltd. (TSXV:SYH, BUY (S), C$0.85 target, David A. Talbot) announced that its partner company Valor Resources (ASX:VAL, Not Rated) has completed the maiden eight-hole (1,757m) drilling program at the Hook Lake uranium project in the Athabasca Basin (map), located 60km east of the Key Lake uranium mine. Drilling mainly focused on the S-zone and the V-grid targets. At S-zone, six holes (1,258m) were drilled focusing on the area surrounding the historical trench, where surface sampling in 2021 returned intercepts grading up to 59.2% U3O8.  Elevated radioactivity was encountered in four out of six holes. Hole DDHL22-005 encountered albitite alteration, similar to that found in the trench, while DDHL22-001, -002, and -003 encountered silica-hematite-chlorite altered zone in addition to traces of uraninite in -002. Meanwhile, hole DDHL22-006 intersected two zones of elevated radioactivity, first associated with quartz-tourmaline vein at 24m, and second associated with schistose metapsammite adjacent to the contact with a felsic intrusive pegmatite at 433m to 438.6m. At V-grid, two holes were drilled 1.6km apart with no significant radioactivity encountered. While assays remain pending, the company plans to commence an airborne gravity survey in May 2022, followed by an on-ground field program comprising of geological mapping, geochemical sampling, and the next phase of diamond drilling. Read more

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