Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces the start of its planned drill program for its South Bay copper-zinc-silver Project, located in Dent and Mitchell Townships, Northwestern Ontario. The 3,200 acres property covers the former South Bay copper-zinc mine. The South Bay property is located about 80 km east-northeast of Red Lake and is accessible by an all weather road connecting to Ear Falls, Ontario.
Click Here for South Bay Claims Map
The Company is now in the process of mobilizing a self contained drill camp facility onto its South Bay property. Two 40 foot Atco trailers have been moved onto the property and kitchen facilities are being installed to provide the drill contractor, Rodren Drilling, with proper accommodations for the length of the drill program.
Several ice pads are now being constructed to accommodate the diamond drill rig with approximately 8 sites. Ice roads are also being constructed to allow for movement of the drill crews from camp to the drill sites. At this time there is approximately 26 to 28 inches of blue ice on Confederation Lake and the Company hopes to have 30 inches at all drill pads. It is anticipated that diamond drilling will begin on the South Bay copper-zinc-silver project in the second half of February 2008.
In preparation for the drill program, Skyharbour completed a Quantec "Titan-24" geophysical survey over the property in February 2007. A total of 22 line kilometres were surveyed. The primary objective of the Titan-24 survey was to identify Direct Current, Induced Polarization (DCIP) and Magnetotelluric (MT) anomalies, which may represent copper-zinc Volcanic Massive Sulfide (VMS) mineralization similar to the South Bay copper-zinc-silver deposit. The Titan-24 survey responses over the South Bay Mine deposit were used as a "Calibration Model" for prioritizing anomalies in the area.
The known VMS base metal deposits in the Confederation assemblage are found in and near volcanic centres and are reflected by the presence of coarse rhyolitic breccias intruded by sub-volcanic quartz porphyries. The largest known deposit of this type in the area was the South Bay Mine which produced 1.6 million tons of ore grading 2.3% Cu, 14.5% Zn, and 3.5 oz/t Ag (Selco 1978). This deposit was mined from 1970 to 1982 to a depth of approximately 500 metres.
Past drilling has generally tested targets to depths of 300 metres with the odd drill hole being deeper. The Titan 24 survey was chosen for its 600+ metre depth penetration. The Titan 24 survey covered a conceptually favorable target area featuring pervasive sodium depletion crosscutting stratigraphy and a regional acid-mafic lithologic contact. The survey has successfully identified at least 11 anomalous zones that have been recommended for follow-up work programs. Four of these zones have been classified as first priority (TA-1, 2, 3, and 4). These targets show a strong IP response coincident with DC and/or MT low resistivity; this signature is consistent with stringer to massive sulfide mineralization and alteration zones (i.e. similar to the South Bay Mine response).
Three dimensional modeling of the geophysical responses and known diamond drilling show that most of the targets have not been tested at all, or were very poor tests of the Titan 24 anomalies.
Skyharbour Resources is initially planning a drill program consisting of 10 holes totaling 5000 metres to test the high priority Titan 24 anomalies. Probing of all holes is also planned to further define the targets.
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 Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
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.