In June 2016, Skyharbour secured an option to purchase the 35,705 hectare Moore Uranium project from Denison Mines, located in the infrastructure-rich southeastern portion of the Athabasca Basin. Skyharbour’s initial winter drill program at Moore Lake concluded in May of 2017 with multiple drill holes intersecting high grade uranium mineralization over the 4km long Maverick corridor. Drill results included 20.8% U3O8 over 1.5m at 264m in hole ML-199, 9.12% U3O8 over 1.4m at 278m in hole ML-202 and 5.29% over 2.5m U3O8 at 279m in hole ML-200. Hole ML-202 represents a new high-grade discovery and illustrates the strong discovery potential of additional high grade lenses along strike. The Company is planning additional drill programs at the project for 2017 and 2018.
Skyharbour owns 100% of the Falcon Point Uranium and Thorium project totaling 72,050 hectares on the east side of the Athabasca Basin. The Falcon Point property boasts a shallow, NI 43-101 inferred mineral resource totaling 7.0 million pounds at an average grade of 0.03% U3O8 and 5.3 million pounds at an average grade of 0.023% ThO2 at the Fraser Lakes Zone B area, which is open along strike and at depth. A recent field program yielded high grade uranium grab samples of up to 68% U3O8 in a massive pitchblende vein exposed at surface at the Hook Lake target as well.
The Preston Project is a large land position totaling 74,964 hectares strategically located proximal to NexGen Energy's (TSX-V: NXE) high grade Arrow uranium deposit and Fission Uranium's (TSX: FCU) Patterson Lake South Triple R deposit. In March 2017, Skyharbour and its Preston partner company Clean Commodities signed two separate option agreements, one with AREVA Resources Canada and one with Azincourt Uranium, to option up to 70% of the project for $11,500,000 in total project consideration ($9,800,000 in exploration and $1,700,000 in cash payments over six years) as well as 4.5 million shares of Azincourt. The Preston Uranium Project is a strategic, district-scale property with robust exploration upside potential and Skyharbour is utilizing the prospect generator model to advance this project with strategic partners.
Skyharbour owns 100% of the 3,473 hectare Mann Lake Uranium Project strategically located in the eastern Athabasca Basin 25 km southwest of the McArthur River Mine and adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and AREVA (17.5%). Denison acquired International Enexco and its 30% interest on this adjacent project after a 2014 winter drill program discovered high-grade, basement-hosted uranium mineralization. Skyharbour recently completed an EM survey on its Mann Lake Project that was successful in confirming the presence of a broad, NE-SW trending corridor of conductive basement rocks.
Skyharbour Resources holds a 100% interest in the approximately 1,000 acres of land that includes the former Selco South Bay copper-zinc-silver mine. The South Bay property is located in the Dent, Mitchell, and Agnew Townships, 80 kilometres east-northeast of Red Lake in northwestern Ontario.
The 12,660 hectare Yurchison Lake property is located 70 kilometres southeast of the McArthur River uranium mine and 35 kilometres east of the Moore Lake joint venture property. Skyharbour Resources holds a 100% interest in the project.