Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces it has made, what appears to be, a significant discovery of volcanogenic massive sulphide (VMS) mineralization, in an area that has never been drill tested in the past, approximately 500 metres to the southwest of the former South Bay Mine 80 km east-northeast of Red Lake, Northwestern Ontario.
Click Here for South Bay Claims Map, NW Ontario
Skyharbour is drill testing Titan 24 geophysical anomalies on the Company's South Bay property which has identified a massive sulphide zone in diamond drill hole SB 08-4. The mineralization consists of fine grained, massive to finely bedded phyrrotite with visible zinc sulphides (sphalerite) and visible copper sulphides (chalcopyrite) between 357 metres and 369 metres in the hole. Drilling of hole SB 08-04 is continuing at a 60º dip with a 270º azimuth. This new VMS zone is approximately 500 metres to the southwest of the former South Bay mine shaft operated by Selection Trust of London (Selco. 1970 - 1982).
The above samples from hole SB 08-4 have now been selected, sealed and labeled "Rush for Assay" for immediate shipment to TSL laboratory in Saskatoon, SK. All unnecessary communication from the field camp has been curtailed.
The new sulphide zone occurs between a thick acid porphyry unit and a fragmental rhyolite. The porphyry is marked by a weak sericite alteration throughout. A system of fine cross cutting chlorite veinlets occurs in the fragmental rhyolite unit adjacent to the massive sulfides.
Skyharbour Resources is very encouraged with the size of the intersection in the discovery hole. The Company announces it has increased its current drill budget on the South Bay copper- zinc discovery to include a minimum of another 4 drill holes for an added amount of 2400 metres to be completed at this time.
The drill is located on the mainland and therefore the work program will not be affected with the impending spring thaw. The Company has established a full camp on the property and the property is serviced by an all weather road from the main Red Lake highway (approx. 75 km).
The positioning of the drill holes is based upon ground geophysical surveying during the winter of 2007, where ground geophysical surveys were completed including magnetic and horizontal-loop electromagnetics. The anomaly being tested has an inferred strike length in the order of 400 metres based on the "Titan 24" electromagnetic survey.
Skyharbour Resources holds a 100% interest in the South Bay copper-zinc-silver project, located in Dent and Mitchell Townships about 80 km east-northeast of Red Lake, Northwestern Ontario. The 3,200 acres property covers the former South Bay copper-zinc-silver mine which produced 1.6 million tons of ore grading 2.3% Cu, 14.5% Zn, and 3.5 oz/t Ag (Selco 1978).
Skyharbour Resources currently has $2.8 million in working capital and no debt.
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.