Good morning,
Skyharbour Resources (TSX-V: SYH) (OTC Grey: SYHBF) would like to bring to your attention the significance of the Alpha Minerals (TSX-V: AMW) and Fission Uranium (TSX-V: FCU) news yesterday and how it pertains to the Syndicate properties. First and foremost, this 4th zone demonstrates how robust and pervasive the mineralizing event was at PLS and this is very bullish for the surrounding region. Whatever geological forces were at work many millions of years ago have deposited substantial quantities of uranium, near surface and over a long strike length. The mineralizing event is likely not exclusive to the PLS discovery either.
For the Alpha and Fission news release as well as a good synopsis of the significance of the discovery, please see the following links:
http://seekingalpha.com/instablog/6360551-malcolm-shaw/2131812-a-monster-in-the-making
Why is this pertinent news for Skyharbour, Lucky Strike, Noka and Athabasca Nuclear? Firstly, it further illustrates the prospectivity of this region for additional discoveries, and secondly it highlights the importance of certain exploratory indicators (in particular radon anomalies). In addition to graphitic conductors and boulder trains, it would appear that radon anomalies are an integral component in target definition. We are gaining a very strong understanding of what to look for in the field but most importantly, there is an abnormally high success rate on these targets at PLS. This is noteworthy for the Syndicate because it establishes the significance of finding radon anomalies, boulder fields, and specific geological structures present at the PLS discovery. Based on the initial data from the airborne geophysics (final interpretation will be completed shortly), field crews have been deployed earlier than planned to ground-truth the preliminary targets and locate some of the aforementioned indicators that led to the PLS discovery. With the recent financing, Skyharbour has $1.3 million in the treasury and is fully financed to meet its work obligations.
http://skyharbourltd.com/_resources/SYH%20Western%20Basin%20Syndicate.jpg
Robert Marvin, P.Geo., CPG, geologist for Skyharbour is the Qualified Person as defined by National Instrument 43-101 and has approved the technical information in this update the from field.
If you have any further questions, please feel free to get in touch with the Company.
Warm regards,
Jordan Trimble, B.Sc.
President and CEO
Skyharbour Resources Ltd. (TSX.V: SYH)
1610 – 777 Dunsmuir St.
Vancouver, BC, V7Y 1K4
Cell: 604-999-3148
Toll Free: 1-800-567-8181
Tel: 604-687-3376
email: info@skyharbourltd.com
