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Skyharbour expands uranium claims in Saskatchewan

Published 01/19/2024, 06:54 AM
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VANCOUVER - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) has increased its uranium exploration footprint in Northern Saskatchewan, adding 30,184 hectares to its holdings through online staking and an agreement with Eagle Plains Resources Ltd. These new claims augment Skyharbour's already significant presence in the region surrounding the Athabasca Basin, known for its high-grade uranium deposits.

The newly acquired Foster property, consisting of 15 claims totaling 6,362 hectares, is located near Cameco (NYSE:CCJ)'s Key Lake operation and is considered drill-ready. The property hosts geology favorable for uranium and rare earth elements (REE) mineralization, including the notable Great Plains Showing and Red October Zone, which have seen encouraging historical exploration results.

In addition to the Foster property, Skyharbour has staked seven other claims in areas with geological potential for uranium mineralization, though these have seen minimal modern exploration. The company aims to explore these claims further, potentially increasing the prospects for uranium discoveries.

Skyharbour has also announced the engagement of marketing firms Winning Media LLC and Plutus Invest and Consulting to enhance corporate visibility and investor awareness. These agreements are in line with the company's efforts to strengthen its market position and are subject to the acceptance of the TSX Venture Exchange.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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