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Skyharbour Discovers Significant Uranium Mineralization in First Drill Program at Russell Lake in Northern Saskatchewan and Plans Winter Follow-Up

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Skyharbour Resources Discovers Significant Uranium Mineralization in Drill Program at Russell Lake Project

Skyharbour Resources Ltd. (TSX-V: SYH) is excited to announce the results of its inaugural drilling program at the Russell Lake Uranium Project in northern Saskatchewan. The drilling program consisted of three phases, with a total of 19 holes drilled for a combined length of 9,595 meters. The program successfully intersected uranium mineralization in multiple holes, including drill hole RSL23-01, which returned one of the best drill results from the project. The mineralization was encountered in the Grayling Zone and extended over a strike length of more than one kilometer.

Highlights of the Drill Program

Drill hole RSL23-01 intersected a 5.9 meter wide intercept of 0.151% U3O8 at a depth of 338.4 meters, including 1.0 meter of 0.366% U3O8 at 343.3 meters depth. This represents one of the longest and most strongly mineralized drill intercepts at the project to date. Other holes at the Grayling Zone and the Fox Lake Trail target area also intersected uranium mineralization.

Exploration Potential and Follow-Up Program

The successful drill program at the Russell Lake Project has expanded the extent of known mineralized zones and demonstrated the discovery potential of the area. Substantial portions of the Grayling and Fox Lake Trail target areas remain untested, indicating robust exploration upside. As a result, Skyharbour Resources is planning a fully-funded winter drilling program of 4,000 to 5,000 meters to further explore the project. In conclusion, Skyharbour Resources' inaugural drill program at the Russell Lake Uranium Project has yielded significant results, confirming the presence of uranium mineralization and highlighting the exploration potential of the area. The upcoming winter drilling program will provide further insights and contribute to the ongoing exploration and development of the project.

A New Era for Uranium Exploration: Skyharbour Resources' Game-Changing Discovery

The recent announcement by Skyharbour Resources Ltd. about significant uranium mineralization discovered at the Russell Lake Uranium Project could have far-reaching implications for new businesses in the energy sector. This discovery, made during the company's inaugural drilling program, has not only confirmed the presence of uranium but has also highlighted the area's exploration potential.

Drilling Success and Its Impact

The success of the drilling program, which intersected uranium mineralization in multiple holes, underscores the potential of the Russell Lake Project. The strong results, particularly from drill hole RSL23-01, could attract new investments and partnerships, creating opportunities for new businesses in the supply chain.

Future Exploration and Business Opportunities

The planned winter drilling program, aimed at further exploring the project, signals a commitment to uncovering the full potential of the area. This ongoing exploration and development could stimulate economic activity in northern Saskatchewan, opening up diverse opportunities for new businesses ranging from logistics and support services to environmental consultancy. In conclusion, Skyharbour Resources' significant uranium discovery at the Russell Lake Project could be a game-changer for new businesses in the energy sector. The exploration potential of the area, coupled with the company's commitment to further exploration, could create a fertile ground for business growth and innovation.
Story First Published at: https://financialpost.com/globe-newswire/skyharbour-intersects-significant-uranium-mineralization-in-inaugural-drill-program-at-the-russell-lake-project-in-northern-saskatchewan-and-announces-plans-for-a-follow-up-winter-drill-program
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