Highlights:

• 100% interest in South Falcon Point (previously Way Lake) Uranium Project
  • 32,235 hectares covering 9 claims
  • 50 km east of the Key Lake mine

• Geological and geochemical features show distinct similarities to high grade, basement-hosted deposits in the Athabasca Basin such as Eagle Point, Millennium, P-Patch and Roughrider

• At the EWA target located on the southern portion of the Falcon Point property, up to 0.492% U₃O₈ and 1,300 ppm lead were obtained from grab samples; eight holes drilled in 2008 intersected variably radioactive granitic pegmatite dykes including an intercept of 0.082% U₃O₈ over 6.5 metres

• The Walker Lake, Walker South and Walker River showings occur along a conductive trend that covers some 60 kilometres of structurally displaced EM conductors in the southwest portion of the property; historic reconnaissance drilling has intersected strongly clay and/or chlorite altered, sheared and faulted graphitic pelites containing anomalous uranium, copper, nickel, zinc and molybdenum

• Skyharbour completed an airborne gravity geophysical survey on the property in 2022 to cover the entirety of the South Falcon Point Property at a vertical height of 80 m and a line spacing of 200 m for a total of 2,843 line km

Project Summary:

Skyharbour owns 100% of the South Falcon Point (previously Way Lake) Uranium Project which covers 32,235 hectares covering 9 claims approximately 50 km east of the Key Lake mine. Uranium mineralization discovered to date at South Falcon Point is shallow and is hosted in two geological settings, with the southern half hosting classic Athabasca-style basement mineralization associated with well-developed EM conductors which include EWA and Walker targets. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area. The project area is in close proximity to two all-weather northern highways and grid power.

High-Priority Target Areas:

At the EWA target located on the southern portion of the South Falcon Point property, up to 0.492% U₃O₈ and 1,300 ppm lead were obtained from grab samples. Eight holes drilled in 2008 intersected variably radioactive granitic pegmatite dykes including an intercept of 0.082% U₃O₈ over 6.5 metres. The Walker Lake, Walker South and Walker River showings occur along a conductive trend that covers some 60 kilometres of structurally displaced EM conductors in the southwest portion of the property. Historic reconnaissance drilling has intersected strongly clay and/or chlorite altered, sheared and faulted graphitic pelites containing anomalous uranium, copper, nickel, zinc and molybdenum. Skyharbour completed an airborne gravity geophysical survey on the property to cover the entirety of the South Falcon Point Property at a vertical height of 80 m and a line spacing of 200 m for a total of 2,843 line km. The survey has further refined drill targets for future programs.