Skyharbour Resources Ltd. announced the results of the inaugural drill program at its Russell Lake Project near La Ronge, Saskatchewan. The program highlighted the presence of significant uranium mineralization at the project. Extensive areas of elevated radioactivity were identified in hole mineralized intervals on multiple drill holes.
Skyharbour managed to intersect the mineralized intervals on its maiden drill holes at shallower depths than mineralization had previously been recorded. This is an indication that the mineralization could continue at depth in the northern part of the property. Notably, Skyharbour intersected 3.9m of radioactivity in Drill Hole RL- 01 above 762.7m. The zone displayed radiometric results which exceeded the basement radioactive mineralization by greater than 50%.
Skyharbour stated that the highly encouraging results from the drill program will allow them to further study the project. The Company is now planning a follow-up winter drill program in order to further assess the scope of mineralization and refine the target further.
The Russell Lake Project is located in the prolific Athabasca Basin, a major uranium mining district which contains some of the world’s highest grade uranium orebodies. The Project holds significant discovery potential with two drill-ready targets already in place. The uranium mineralization at the Project may reflect a deep-seated fault controlled mineralizing system.
Skyharbour is poised to make a major discovery in the Athabaska Basin with the Russell Lake Project. The encouraging drilling results at Russell Lake Project suggest that the project has the potential to be a new major uranium discovery. Skyharbour is looking to capitalize on this potential with its follow-up winter drill program and further refine the target to potentially unlock the project’s extend depth potential. It will be exciting to see what the Company discovers in the upcoming program.