Skyharbour Resources Ltd.
Skyharbour is a preeminent uranium exploration company with projects in the prolific Athabasca Basin of Saskatchewan in Canada. The Company has been acquiring top-tier exploration projects at attractive valuations culminating in six uranium properties totaling over 250,000 hectares throughout the Basin.
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.
Moore Uranium Project (Flagship Project)
Skyharbour owns a 100% interest in the 35,705 hectare Moore uranium project, which is located in the infrastructure-rich southeastern portion of the Athabasca Basin, 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.
In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test in upcoming drill programs.
Near Term Catalysts and Innovative Exploration Techniques:
Preston Uranium Project
Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy, whereby Orano and Azincourt can earn in up to 70 per cent of the 74,964 hectare Preston project through a combined $9.8-million in total exploration expenditures as well as $1.7-million 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. Exploration programs funded by Orano and Azincourt at Preston and East Preston.
Falcon Point Uranium and Thorium Project
The Company owns a 100-per-cent interest in the 79,003 hectaresFalcon Point project on the east side of the Athabasca Basin, located 55 km east of the Key Lake mine. In December 2020, Skyharbour signed a definitive agreement to option 80% of the North Falcon Point Uranium Project to Pitchblende Energy, a wholly owned subsidiary of Valor Resources Ltd. (ASX: VAL), a publicly traded Australian uranium exploration company. Under the definitive agreement, and subject to completion of the acquisition of Pitchblende by Australian Stock Exchange-listed Valor Resources Ltd., Pitchblende will contribute cash and exploration expenditure consideration totaling $3,975,000 over a three-year period. Of the project consideration, $475,000 will be in cash payments to Skyharbour as well as $3.5 million in exploration expenditures. Valor will also issue a total of 233,333,333 shares upfront. The Falcon Point property contains an NI 43-101 inferred resource totalling 7.0 million pounds at an average grade of 0.03% U3O8 and 5.3 million pounds at an average grade of 0.023% ThO2 (thorium dioxide). A massive pitchblende vein exposed at surface returned a sample of 68% U3O8 at the Hook Lake target. Geological and geochemical features show distinct similarities to high grade, basement-hosted deposits in the Athabasca Basin such as Eagle Point, Millennium, P-Patch and Roughrider.
Mann Lake Uranium Project
The Company's 100-per-cent-owned Mann Lake uranium project on the east side of the Athabasca Basinis strategically located adjacent to the Mann Lake joint venture operated by Cameco, where high-grade uranium mineralization was recently discovered.
Management and Directors
Jordan Trimble, B.Sc., CFA, President & CEO, Director
An entrepreneur who has worked in resource industry specializing in corporate finance and strategy, shareholder communications, marketing, deal structuring and capital raising
Current President and Director of Rockridge Resources Ltd. (TSX.V: ROCK)
Previously Corporate Development Manager for Bayfield Ventures
Currently serves as a Director on the board of the CFA Society Vancouver
Richard Kusmirski, P.Geo., M.Sc., Director, Head Geologist, and Qualified Person
Over 40 years of exploration experience in North America and overseas and has actively participated in the discovery of a number of uranium deposits
Previously Exploration Manager at Cameco Corporation overseeing uranium exploration projects in the Athabasca Basin
Previously President and CEO of JNR Resources
James Pettit, Chairman of the Board, Director
Over 30 years of experience in resource industry
Previously Chairman and CEO of Bayfield Ventures Corp.
David Cates, CPA, MAcc, BA, Director
Current President and CEO of Denison Mines and Uranium Participation Corp.
Paul Matysek, M.Sc., P.Geo., Strategic Advisor
Previously Founder, President and CEO of Energy Metals Corporation; grew from a market cap of $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007
Previously Chairman of Lithium X Energy Corp.
Former President and CEO of Goldrock Mines Corp., Lithium One Inc. and Potash One Inc.
Joseph Gallucci, Director
Currently Managing Director and the Head of Mining Investment banking at Laurentian Bank Securities
Capital markets executive and banker with over 15 years experience focused on mining
Directly involved in raising over $1 billion for mining companies
Donald Huston, Director
Amanda Chow, CPA, CMA, Director
Thomas S. Drolet, B.Eng., M.Sc., DIC, Advisor
Simon Dyakowski, CFA, MBA, Corporate Development
Christine McKechnie, M.Sc., Consulting Geologist
Dave Billard, P.Geo., Consulting Geologist
On January 7, 2021, Skyharbour Resources Ltd. has provided the remaining results from its 2020 fall diamond drilling program at its Moore uranium project in Saskatchewan. Skyharbour expands Maverick East Zone with additional high grade uranium discovered in the basement rocks and announced upcoming winter 2021 drill program.
In addition to the previously announced hole ML20-09 which returned 0.72% triuranium octoxide over 17.5 metres from 271.5 metres to 289.0 metres, drill hole ML20-12 returned another broad zone of sandstone and basement-hosted uranium mineralization from 268.1 metres to 286.0 metres downhole. This intercept returned 0.28% U3O8 over 17.9 metres, including 1.09% U3O8 over 2.5 metres. Up to 2.3% Cu was intersected in clay-altered lithologies nearly 100 metres below the unconformity in this hole as well.
On December 17, 2020, Skyharbour Resources Ltd. announced that it has closed a non-brokered private placement financing for total gross proceeds of $1,461,640.32. The majority of the private placement was subscribed for by a strategic institutional investor.
On December 10, 2020, Skyharbour Resources Ltd. announced that Skyharbour partner company Azincourt Energy's ground-based geophysical exploration program at the East Preston uranium project in Saskatchewan, is now 50 per cent complete.