Skyharbour Resources outlines strategy and future in uranium exploration - PDAC 2024
March 18, 2024 at 01:49 pm EDT
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Skyharbour Resources Ltd (TSX-V:SYH, OTCQB:SYHBF) investor relations manager Nick Coltura outlines the company's journey in uranium exploration and development in an interview with Proactive's Angela Harmantas at PDAC 2024.
As a Vancouver-based entity, Skyharbour stands out with its comprehensive portfolio, including the high-grade uranium exploration and early-stage development projects Russell and Moore Lake, among its 29 projects over 1.45 million acres in the Athabasca Basin. This positions Skyharbour as the third-largest landholder in this key area.
The company's unique model involves drilling out core assets while optioning secondary projects to partners, minimizing dilution and maximizing exploration.
Currently, Skyharbour is engaged in a significant drilling program, with plans for a 15,000 to 20,000-meter drill campaign across its core projects, and an NI 43-101 mineral resource estimate anticipated for Moore Lake in Q2 2024.
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Skyharbour Resources Ltd. is a uranium exploration company. The Company holds a portfolio of uranium exploration projects in Canada's Athabasca Basin. Its projects include Moore Lake-Core Project, Russell Lake-Core Project, South Falcon, South Falcon East, Preston, East Preston, Hook Lake, and others. The Moore Uranium Project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometers (km) northeast of the Key Lake mill, over 15 km east of Denisonâs Wheeler River project. The Russell Lake Project is an advanced-stage uranium exploration property totaling 73,294 hectares strategically located between Camecoâs Key Lake and McArthur River Projects. Its South Falcon Point Uranium Project covers 32,235 hectares covering nine claims over 50 km east of the Key Lake mine. The Hook Lake area is located near the northern end of the property. The Company also owns Foster property. The Company also holds seven claims totaling 23,822 hectares in and around the Athabasca basin.