Skyharbour has received drilling permission for its Falcon Point Uranium and Thorium Project in the mineral rich Athabasca Basin, Saskatchewan, Canada.
Skyharbour is a uranium and thorium exploration company actively advancing projects totaling over 350,000 hectares in the prolific Athabasca Basin of Saskatchewan, Canada.
The permission is for its 100% owned, 79,003 hectare Falcon Point Uranium and Thorium Property located 55 kilometers east of the Key Lake Mill. The diamond drill program is slated to commence shortly and will consist of drill testing high-priority targets including areas in and around the current uranium and thorium resource at the JNR Fraser Lakes target. This will be the company’s first work program at Falcon Point (previously called Way Lake) since acquiring the property from Denison Mines in the summer of 2014.
The near-surface deposit was drilled no deeper than 150 metres vertical and is open along strike and at depth, and consists of a zone of moderately dipping, multiple-stacked uranium and thorium mineralized horizons.
The company owns a 60% interest in the Mann Lake Uranium project on the east side of the basin strategically located adjacent to the Mann Lake Joint Venture operated by Cameco with partners Denison Mines and AREVA where high-grade, basement-hosted uranium mineralization was recently discovered.