Skyharbour Resources Ltd, and its working partner Cypress Development Corp. (TSX.V: CYP) are pleased to announce their planned continuation of their Red Lake gold exploration programs for the fall / winter of 2005.
Drill testing of a prospective target area on the east portion of the companies 5,100-acre McKenzie Island claim group, Red Lake, Ontario is being proposed for the winter of 2005-2006. Drilling is planned in an area where a significant angular unconformity is projected. This unconformity appears to exert a strong regional influence on gold deposition including past gold produced from the McKenzie Red Lake Gold Mine and the Gold Eagle Mine east of the Cypress / Skyharbour property. The geologic corridor flanking this known unconformity is considered to be very prospective for gold deposition in the Red Lake gold camp.
An extensive and ongoing diamond drill program adjacent to the east on the Gold Eagle property being carried out by Southern Star Resources Inc. and Exall Resources Ltd. continues to develop a significant gold resource. (See their news release (TSX.V: SSR) / (TSX: EXL) August 29,2005) The Western Discovery Zone (See their news release May 11, 2005) that has now been established by the Southern Star / Exall joint venture is situated in a strike length of over 1 kilometre in a east -- west direction and has a width of 350 metres from north to south. The Skyharbour Resources / Cypress Development joint venture is of the opinion that there is potential for the extension of the Western Discovery Zone onto the McKenzie Island property.
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Skyharbour Resources and Cypress Development will be initiating a field program including additional detailed till sampling, rock geochemical analysis, etc. on the east section of their McKenzie Island property in the fall of 2005 to help further define their drill targets.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 6 mineral properties located in the Red Lake 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.