Skyharbour Resources Ltd. is expanding its uranium assets with the staking of additional properties in the Athabasca Basin, Saskatchewan.
The Vancouver-based mineral exploration company has staked 620 claims comprising nearly 100,000 hectares (386 square miles) of land adjacent to its Moore Uranium Project. Skyharbour now has mineral interests in the Basin’s four main uranium-producing zones, namely the Athabasca, the Southwest, the Patterson, and the Burntwood Lake Areas.
Skyharbour’s President and CEO, Jordan Trimble, stated that the staking of the additional properties was part of the company’s long-term plan to create a strong portfolio of uranium assets in the upwardly trending uranium market. He added that the properties lie adjacent to the east, west, and northwest of Skyharbour’s Moore Uranium Project, which has seen significant historic uranium exploration and development.
Exploration on the newly staked properties will begin over the next several months. Skyharbour plans to target areas which have the potential for basement hosted uranium deposits, which form uranium deposits in the sandstone layers of the Basin. Their mineralization is typically much easier to identify than the unconformity-hosted deposits found deeper within the Basin.
Skyharbour currently has five uranium projects in the Athabasca Basin and over 195,000 hectares of exploration land in Canada’s mining friendly serving. The company intends to continue staking and developing uranium projects in the Basin for years to come as they seek to create value for their shareholders in the long-term.
Skyharbour’s announcement serves as an example of the increasing interest in uranium development and exploration in Canada. The staking of additional properties is a testament to the company’s commitment to build a strong portfolio of uranium assets in the growing uranium market. With Skyharbour’s expertise in mineral exploration and development, they are well-positioned to capitalize on the potential of the newly staked properties.