Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) announces that the Company has now completed a major geophysical program on its 100% owned South Bay copper -- zinc project located in Dent and Agnew Townships, Red Lake District, Northwestern Ontario.
The South Bay property consists of approx. 3,200 acres and covers the past producer South Bay copper -- zinc mine and adjoining ground. The South Bay deposit was mined by Selco between 1970 and 1982 and produced approximately 1.6 million tons of high grade copper (1.5% Cu) and Zinc (10% Zn).
Click Here for South Bay Ontario property Claims Map
The 2007 winter exploration program consisted of the initial establishment of a linecut grid (approx. 30 km). Skyharbour contracted to Quantec Geoscience Ltd. to conduct a detailed geophysical survey, a Titan 24 DCIP & MT, over its South Bay claims to further enhance the known geological conductors. The survey was conducted and completed in February and March 2007.
The Titan 24 survey is designed to locate potential sulfide zones and / or associated alteration at depth and allow for mapping of the resistivity and chargeability of the subsurface to significant depths (800+ metres) thus assisting in geological interpretations.
Skyharbour is anticipating the receipt of a geophysical survey data analysis report from Quantec Geoscience in the near future from this South Bay geophysical program. Skyharbour is of the opinion that the compilation of the current geophysical data with past survey data and accumulated underground exploration information carried out by the past producer, "Selco", will add to the significant potential of identifing new Cu-Zn deposits on its South Bay property.
A major geologic alteration is known to crosscut the stratigraphy on the South Bay property. The western margin of the alteration coincides with a major lithological break between acid and mafic volcanics and now is considered to be the principle target area. The current geophysical methods allow for exploration to depths of up to 1000+ metres, opening up a very large prospective area for further exploration.
Skyharbour Resources anticipates the continuation of an aggressive mineral exploration program (including diamond drilling) through the rest of 2007.
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 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.