Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that a comprehensive geological report on its 20% owned, Cypress Development 80% owned, Broulan Reef property located in Red Lake, Northwestern Ontario, has now been completed and received by the Company.
This Broulan Reef geological report has now been filed on SEDAR and can be view at www.sedar.com.
Skyharbour's Broulan Reef property is located in the heart of the Red Lake gold camp. The property is located adjacent to the south of Gold Eagle Mines' project, where a major successful drill program is underway and adjacent to the west of Premier Gold / Goldcorp's Rahill-Bonanza project.
Click Here for Broulan Reef Red Lake Map
Two new and significant gold discoveries have been made in the Red Lake area since 2005 in sedimentary rocks of the Bruce Channel. These include the Bonanza deposit reported by Premier Gold Mines to the east of the of the Broulan Reef property boundary and a discovery by Gold Eagle Mines Ltd to the north of the Broulan Reef property under the Bruce Channel.
Click Here Broulan Reef -- Gold Eagle Mines Drill View Map
The Bruce Channel gold deposit is located in the Balmer Assemblage just below the unconformity with the Bruce Channel sediments. It has been established, during Skyharbour's 2006 drill program, that the Balmer Assemblage rocks underlay much of the Broulan Reef property. The Company believes that the Balmer Assemblage represents a highly prospective geological setting with potential to host "high-grade" gold mineralization similar to several mines and recent nearby discoveries. It is Skyharbour's opinion that this potential warrants an in-depth exploration program throughout the summer / fall of 2007. Diamond drilling will be the mainstay of exploration on the Broulan Reef project.
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.