Skyharbour to begin diamond drilling at Preston Uranium property

19 March 2014 (Last Updated March 19th, 2014 18:30)

Skyharbour Resources has announced that the Western Athabasca Syndicate has begun a diamond drilling programme on its flagship Preston Uranium property in the south-west Athabasca basin.

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Skyharbour Resources has announced that the Western Athabasca Syndicate has begun a diamond drilling programme on its flagship Preston Uranium property in the south-west Athabasca basin.

The proerty occupies 246,643ha and is claimed to be the largest individual property proximal to Fission Uranium's Patterson Lake South (PLS) high-grade uranium discovery and the recent discovery made by NexGen Energy on the Rook one project.

The Western Athabasca Syndicate is a strategic partnership formed between Skyharbour, Athabasca Nuclear, Lucky Strike and Noka.

As part of the exploration programme, approximately 2,000m of drilling by way of ten to 15 holes with depths of 100m to 250m is set for completion at the Swoosh, CHA and Fin South areas.

As part of the drill campaign, Skyharbour's main focus will be the Swoosh target, where five separate drill pads will test a combination of EM conductors, complex structures, gravity lows, anomalous geochemistry and elevated radon values.

"Approximately 2,000m of drilling by way of ten to 15 holes with depths of 100m to 250m is set for completion."

Skyharbour Resources president and CEO Jordan Trimble said that the commencement of the company's first diamond drill programme at Preston is a key milestone for Skyharbour and the Syndicate.

"The findings from the extensive fieldwork carried out to date have greatly exceeded our expectations and have vectored in on fifteen high-priority areas with similar geological features and exploratory indicators as those at the nearby PLS and NexGen discoveries," Trimble said.

"The three targets we are initially drill testing provide strong discovery potential as we continue to value-add the project using a systemic and proven exploration methodology."

The Syndicate has carried out more than $2m of exploration work to date on the property and many priority targets are planned for further follow-up with fieldwork as well as drill testing.


Image: Map of Preston Uranium property. Photo: courtesy of Skyharbour Resources Ltd.

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