Skyharbour Announces Strategic Property Staking with Addition of Eight New Properties bringing Total Portfolio to Over 490,000 Hectares in the Athabasca Basin, Saskatchewan

Skyharbour’s New Uranium Project Portfolio Map: https://www.skyharbourltd.com/_resources/maps/SKY_SaskProject_Locator_20230320_V2A.jpg The brand-new residential or commercial properties bring Skyharbour’s overall land plan that it has ownership interest in to 492,074 hectares (1,215,941 acres), throughout twenty-three homes, representing among the biggest job portfolios in the area. As the Company stays focused at its continuous 10,000 m drill program at the Russell Lake task, these brand-new residential or commercial properties will end up being a part of Skyharbour’s possibility generator company as the Company will look for tactical partners to advance these properties. These residential or commercial properties have no underlying royalties or encumbrances on them. List of New Properties: Highway Project – 1,184 ha CBX Project– 1,761 ha Shoe Project– 609 ha Snow Project– 212 ha Elevator Project– 9,294 ha 914 Project– 2,129 ha 914N Project– 450 ha Karin Project– 18,383 ha Jordan Trimble, President and CEO of Skyharbour Resources, states: “We have actually been actively staking brand-new mineral claims and contributing to our significant uranium job portfolio in the Athabasca Basin. These recently obtained jobs are tactically situated and are geologically potential with extremely little contemporary expedition having actually been performed on them. They match our more advanced-stage expedition properties consisting of Russell Lake, Moore and South Falcon Point, and supply extra ground to alternative or joint-venture out to brand-new partner business as a part of our possibility generator organization. Performing on this part of business, Skyharbour has actually signed choice contracts with 7 various partners that amount to over $34 million in partner-funded expedition expenses, over $22 million in stock being provided and simply under $15 million in money payments entering into the Company, presuming that all of these partner business finish the complete earn-ins at their particular jobs.” Summary of Recently Staked Properties: Highway Project: The Highway Project includes one claim covering 1,184 ha roughly 41 km south of the Rabbit Lake Mine and 11 km SW of Uranium Energy Corp.’s (“UEC”, previously UEX) West Bear U and Co-Ni Deposits. Highway 905 runs through the residential or commercial property and remains in close distance to local facilities, supplying exceptional gain access to for expedition. Regardless of its distance to facilities and outstanding gain access to, the task is fairly underexplored. The job is underlain by potential Wollaston Supergroup metasedimentary gneisses (pelitic to psammopelitic and psammitic to meta-arkosic) folded around and overlying an Archean felsic gneiss dome in the core of a northeast trending antiformal fold nose. The Highway Project lies around 7 km east of the contemporary margin of the Athabasca Basin however is thought to have actually been covered by Athabasca sandstone in the past. Highway Project Map: https://www.skyharbourltd.com/_resources/images/Sky-Highway.jpg The earliest deal with the home was finished in between 1968-1978 and consisted of air-borne EM, magnetic, and radiometric studies, together with bedrock mapping, prospecting, radon tasting, and ground EM surveying on parts of the home; along with a single augered drill hole. The task has actually likewise been covered by parts of air-borne EM and magnetics studies in 2009, 2011, and 2017. There are historical EM conductors southwest of the home along strike at “T-Lake”, where surface area tasting and historical diamond drilling experienced anomalous U, Th, and REEs graphitic faulting, and variably transformed fracture zones (AF MAW02132). The EM conductors at T-Lake are coincident with a northeast-trending magnetic low along the Archean-Wollaston Supergroup contact, which continues onto the Highway residential or commercial property and is folded around the Archean gneiss dome, prior to continuing off residential or commercial property to the southwest along the northern fold limb. Off the home, the northern fold limb is likewise connected with EM conductors north of Robertson Lake and by Dorward Bay, and with off-conductor uranium and thorium mineralization (≤ 44,297 ppm UO2 and ≤ 195,200 ppm ThO2) at the “Manhattan Showing” (SMDI 2052). Ground prospecting on the Highway home in 2011 experienced a pegmatite-pelitic gneiss stone (SMDI 5531) consisting of 3475 ppm TREE+Y+S c, recommending the Highway Project is potential for uncommon earth components (REE’s) in addition to basement-hosted unconformity-related and/or intrusive-type uranium mineralization. Snow, Shoe, and CBX Projects: The Snow, Shoe, and CBX residential or commercial properties include 3 non-contiguous claims amounting to 2,582 ha situated roughly 10 to 25 km along strike to the northeast of the presently idled Eagle Point uranium mine (Cameco’s Rabbit Lake Operation). The claims lie at the northern end of Wollaston Lake and underlain by Wollaston Supergroup pelitic, psammopelitic, and psammitic gneisses, Hudsonian intrusives, and Archean felsic gneisses of the Western Wollaston Domain. Comparable lithologies host uranium mineralization at the Rabbit Lake operation, consisting of the Eagle Point deposit, and other uranium deposits in the Athabasca Basin and
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