Companies

Skyharbour Resources Launches Drilling Program at Russell Lake and Moore Uranium Projects

Published January 31, 2024

Skyharbour Resources Ltd. SYH on TSX-V, SYHBF on OTCQX, and SC1P on the Frankfurt exchange), has officially initiated an extensive 8,000-metre winter drilling campaign at its Russell Lake and Moore Uranium Projects. This ambitious operation takes place in the prolific uranium-rich region of Saskatchewan. Positioned on a large tract of land totaling 73,294 hectares, the Russell Lake Uranium Project stands as a strategic venture in the company's portfolio due to its central location in the Athabasca Basin, which is well-known for high-grade uranium deposits.

Objectives of the Drilling Campaign

The primary focus of the drilling is to probe the potential of uranium mineralization at these sites. By undertaking this significant exploration, Skyharbour aims to uncover the economic viability and the scale of the uranium deposits present. The Moore Uranium Project has garnered attention following prior exploration phases that surfaced compelling geochemical anomalies and drill results. The current campaign seeks to build upon this data and further enhance the company's understanding of the subsurface geology and resource potential.

Strategic Importance of Uranium Exploration

Uranium exploration companies like Skyharbour are becoming more pivotal in a world that increasingly leans toward carbon-neutral energy sources. Nuclear power, fueled by uranium, plays a critical role in this transition. By ramping up exploration efforts, Skyharbour is positioning itself at the forefront of this global shift, offering potential growth for investors aware of the energy market's evolving landscape.

drilling, uranium, exploration