Skyharbour Resources: North Shore Uranium Updates Prioritization of Target Generation Efforts at Falcon Property
Vancouver, BC, February 27, 2025 – Skyharbour Resources Ltd. (TSX-V: SYH, OTCQX: SYHBF, Frankfurt: SC1P) (“Skyharbour” or the “Company”), is thrilled to share an update from its partner company, North Shore Uranium, on the ongoing exploration efforts at the Falcon property. The Falcon property is situated at the eastern edge of the Athabasca Basin in northern Saskatchewan.
Three Priority Areas Established at Falcon
In its recent news releases on September 17, 2024, October 10, 2024, and November 13, 2024, North Shore outlined the work being carried out at the West Bear and Falcon properties. At Falcon, three priority areas have been identified: Zones 1, 2, and 3.
Zones 1, 2, and 3: A Closer Look
Zone 1:
- Located near the unconformity between the Athabasca sandstone and the basement rocks
- Multiple conductors identified from ground EM surveys
- Historical drill intersections of uranium mineralization
Zone 2:
- Located approximately 1.5 km south of Zone 1
- Strongly anomalous uranium values in sediment samples
- Historical drill intersections of uranium mineralization
Zone 3:
- Located approximately 3 km south of Zone 1
- Historical airborne gamma radiation anomalies
- Historical drill intersections of uranium mineralization
Acquisition of Interest in Falcon
North Shore may acquire an initial 80% interest in the Falcon property by issuing common shares having an aggregate value of CAD $1,225,000 to Skyharbour, making aggregate cash payments of $525,000, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.
Impact on Me
As an investor, this news is exciting because it indicates that North Shore is making significant progress in their exploration efforts at the Falcon property. The identification of priority areas with historical uranium mineralization and strong geochemical anomalies increases the potential for discovering economically viable deposits. Furthermore, the commitment to explore these areas with substantial funds shows a strong dedication to the project.
Impact on the World
The uranium market has been experiencing a resurgence due to increasing demand for clean energy sources. The successful exploration and development of the Falcon property could lead to the production of uranium, contributing to the global energy supply. Additionally, this project could stimulate economic growth in the region, creating jobs and opportunities for local communities.
Conclusion
Skyharbour Resources’ partnership with North Shore Uranium continues to yield promising results at the Falcon property. With three priority areas identified and substantial exploration funds committed, the potential for discovering economically viable uranium deposits is high. As an investor, this news is encouraging, and the potential global impact on the uranium market and the local economy is noteworthy.
Stay tuned for further updates on the progress of this exciting exploration project.
