Skyharbour To Resume Drilling On Sidace Lake Property, Red Lake, Northwestern Ontario
Oct 18, 2004
Diamond drilling is scheduled to resume immediately on the Skyharbour Resources Ltd. (70%), Consolidated Abaddon Resources Inc. (30%) owned Sidace Lake property in the Red Lake area of northwestern Ontario. Drilling will focus on a belt of mafic and ultramafic volcanic rocks identified from the summer exploration program. During the spring and summer the companies carried out a program of geologic mapping, detailed prospecting, rock and soil sampling that focused on a 2 km strike length of foliated volcanic structures that extend to the northeast of Sidace Lake. The companies propose a 4 to 6 holes diamond drill program that will include approximately 5000 feet of drilling for its fall 2004 exploration program.
The northeast trending volcanics are interpreted to be an extension of the geologic sequence hosting gold mineralization on the Goldcorp / Planet Exploration property that adjoins the Skyharbour Resources Sidace Lake property on the west boundary. Goldcorp has recently resumed diamond drilling on its Planet ground. Previous drill results on the Planet / Goldcorp work programs have returned gold values of up to 5.36 grams per ton over 36.4 metres (see Planet news release dated July 16/03).
About Skyharbour Resources Ltd.:
The Company recently announced that it has entered into an agreement to acquire the Shabu Lake property, approximately 1560 acres (39 mineral claim units) of a prospective gold property to the immediate north-northwest of Sabina Resources Ltd.'s Golden Sidewalk property in the Red Lake area, Northwestern Ontario.
Skyharbour Resources is a mineral exploration company that focuses on the acquisitions of and exploration of gold projects in Northwestern, Ontario. It has options or interests in 8 mineral properties totaling approx. 26,500 acres located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Huston"
DONALD C. HUSTON
President
For further information contact myself or:
Don Myers
Skyharbour Resources Ltd..
Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
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.
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