Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces analytical results from drill holes SB08-12 has been received from its 100% owned South Bay zinc--copper project, located in Dent and Mitchell Townships, approximately 80 km east north-east of Red Lake, north western Ontario.
Click Here for South Bay Claims Map, NW Ontario
To date, 3 new zinc bearing zones have been located within 500 metres of the former South Bay zinc-copper mine. All three zones are associated with Titan 24 anomalies and are in areas that have never been drill tested. All of the zones appear to bear strong geochemical signatures typical of base metal systems.
Hole SB08-12 was drilled approximately 250 metres southwest of the former South Bay mine and encountered three zones of zinc mineralization. Zinc values are as follows:
Hole No. From M To M Length M Zn % SB08-12 69.3 72.3 3 1.14 inclu 70.3 71.3 1 1.47 SB08-12 106.2 110.2 4 1.95 inclu 107.2 108.2 1 2.65 inclu 108.2 109.2 1 3.09 SB08-12 459.5 479.0 19.5 0.69 inclu 459.5 464.0 4.5 1.88 inclu 464.0 465.0 1 1.45 inclu 477.0 478.0 1 1.12
The Company continues to wait for assay results for hole #14 currently awaiting processing by TSL Laboratory in Saskatoon.
Skyharbour Resources has also contracted to JVX geophysics of Toronto to conduct down hole Induced Polarization probing of 11 phase 1 drill holes on the South Bay zinc--copper project which is to start immediately. This survey will give the Company a definitive picture of where stronger mineralization might be expected in order to effectively target a phase 2 drill program.
Skyharbour Resources has approximately $2.0 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.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company's website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
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.