Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) announces that it has now completed its winter mineral exploration program on its 100% owned land holdings in the Rainy River district of Northwestern Ontario.
Click Here for Rainy River Claims Map
As previously announced, Skyharbour has established grids on two of its properties and has now completed detailed magnetometer and electro-magnetic (horizontal loop EM) geophysical surveys. The geophysical data has enhanced and further delineated the stratographic and structural features, as seen in previous airborne geophysical surveys.
Skyharbour has also undertaken an overburden drill program on its 100% owned "D1 ", "D2", and "E" claim blocks in the Rainy River district. A total of 35 overburden drill holes were completed for an approximate total of 1,300 metres drilled. All samples have now been submitted to the laboratory for analysis. The Company expects assay results in the next 4-6 weeks from the large amount of till samples collected from the overburden drilling. The shallow drill program also managed to collect rock chip samples (approx. 1 metre into the bedrock) at the bottom of all the holes drilled. These samples have all been submitted to TSL Laboratories for analysis also.
The properties owned by Skyharbour all appear to be underlain mainly by mafic volcanic rocks. Much of area here has very limited geological exposure due to thick overburden cover. Previous exploration in this general area by Rainy River Resources / Nuinsco Resources has involved a great deal of overburden drilling due to the limited nature of the geological exposure. Previous gold values encountered in the till sampling in this area indicate potential for gold rich volcanogenic massive sulfide deposits. The bulk of the gold mineralization outlined to date on the Rainy River Resources project to the immediate east of the Skyharbour ground shows a clear association with crosscutting structures evident from regional geophysical surveys conducted.
Click Here for Rainy River Geological Map
All assay results from the overburden drill program complimenting the new geophysical data will further enhance drill targets on Skyharbour's Rainy River claims in preparation for a Phase 1 diamond deeper drill program scheduled for spring 2007.
David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 11 gold or base metal properties located in the Red Lake and Rainy River greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Donald C. Huston
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.