Drill plans for the 2014 campaign on the Swoosh target (Image: Skyharbour Resources Ltd.)

Drill plans for the 2014 campaign on the Swoosh target (Image: Skyharbour Resources Ltd.)

Uranium explorer, Skyharbour Resources (SYH:TSXV) and there Western Athabasca Syndicate partners have outlined their maiden drill campaign on their Preston Lake project.  This initial drill campaign will be comprised of roughly 10-15 holes drilled to depths of 100-250m (total of 2,000m).  The syndicates technical committee created the template for the 2014 program.  Richard Kusmirski (formerly exploration manager for Cameco) is Skyharbour's head geologist and technical advisor.  He and the other committee members narrowed their targets from 15 down to 3; the Swoosh, CHA and Fin South areas.

The Swoosh target will be the primary focus with five drill pad locations set out to test EM conductors, gravity lows and elevated radon values.  Given the coincident geological, magnetic, EM, gravity and radon anomalies that are evident at this target, the company believes this indicated strong fluid interaction and potential uranium mineralization.

Based on their work to date, Skyharbour believes the target depths will be between 25 and 75m deep.  This is where they expect to find the top of the basement rock.  This is a key differentiating factor for this area of the Athabasca Basin because inside the Basin most mineralized targets are found at depths ranging between 400-800m deep.

Jordan Trimble, President and CEO of Skyharbour Resources, stated: "The commencement of our first diamond drill program 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 15 high-priority areas with similar geological features and exploratory indicators as those at the nearby PLS and NexGen discoveries. 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 completed $2 million worth of preliminary exploration work on the Preston Lake project.  Skyharbour has completed their 2014 capital spend commitment already.

The 2,000m drill program is expected to cost roughly $1 million of which Skyharbour will only be on the hook for 1/6th of, or roughly $170,000.  The company should close their $500,000 financing soon (priced at $0.15, currently trading at $0.17), but have enough money in the bank to fund their portion of the program regardless.

With all eyes watching this up and coming world-class uranium district, should Skyharbour and their partners have success, it will likely be rewarded by the market.

Shares of Skyharbour have been soaring, up 200% over the past 52-weeks:

SYH Chart
SYH data by YCharts

Read: Western Athabasca Syndicate Commences Winter Drill Program at Preston Property in the Patterson Lake Region, SW Athabasca Basin

Disclaimer: Skyharbour Resources Ltd. is an advertiser, therefore the article is not to be considered unbiased and fully independent. Please read Skyharbour Resources’ Cautionary Note Regarding Forward Looking Statements carefully.

All statements in this report, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often, but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Much of this report is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this article. In addition, with respect to any particular company, a number of risks relate to any statement of projection or forward statement.

Nothing in this article should be construed as a solicitation to buy or sell any securities mentioned anywhere in this newsletter (specifically in regard to Skyharbour Resources Ltd.). This article is intended for informational and entertainment purposes only! The author of this article and its publishers bear no liability for losses and/or damages arising from the use of this article.

Be advised, Pacific Website Company Inc., CEO.CA and its employees are not a registered broker-dealer or financial advisor. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.

Never, ever, make an investment based solely on what you read in an online newsletter, including CEO.CA’s online newsletter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn’t well known.

Pacific Website Company Inc., owner of CEO.CA, its officers, directors, employees, and consultants shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of its products or services, including this article. Pacific Website Company Inc., owner of CEO.CA, its employees, consultants and affiliates are not responsible for any claims made by any of the mentioned companies or third party writers. You should independently investigate and fully understand all risks before investing. We want to remind you again that CEO.CA is often paid editorial fees for its writing and the dissemination of material. The clients represented by CEO.CA are typically development-stage companies that pose a much higher risk to investors. When investing in speculative stocks of this nature, it is possible to lose your entire investment over time. Please recognize that we are extremely biased when it comes to Skyharbour Resources Ltd.

Pacific Website Company Inc. and CEO.CA (including its employees and consultants) are not chartered business valuators; the methods used by business valuators often cannot justify any trading price for most junior stock exchange listed companies.

Any decision to purchase or sell as a result of the opinions expressed in this report OR ON CEO.CA will be the full responsibility of the person authorizing such transaction, and should only be made after such person has consulted a registered financial advisor and conducted thorough due diligence. Information in this report has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Our views and opinions regarding the companies we feature on CEO.CA and in this newsletter are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies mentioned in this newsletter (specifically Skyharbour Resources Ltd.) or on CEO.CA will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.

Pacific Website Company Inc. is a distributor (and not a publisher) of content supplied by third parties and subscribers. Accordingly, Pacific Website Company Inc. has no more editorial control over such content than does a public library, bookstore, or newsstand. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by third parties, including information providers, Subscribers or any other user of The Pacific Website Company Inc. Network of Sites, are those of the respective author(s) or distributor(s) and not of Pacific Website Company Inc. Neither Pacific Website Company Inc. nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its fitness for any particular purpose.

Pacific Website Company Inc, owner of CEO.CA, does not undertake any obligation to publicly update or revise any statements made in this report.

The information contained in this content is not an offer to buy or sell securities. Do not base any investment decision upon any materials found in this content. We are not registered as a securities broker-dealer or an investment advisor either within any securities regulatory authority. We are neither licensed nor qualified to provide investment advice. The information contained in this content is for informational and educational purposes only and is not intended to be used as a complete source of information on any particular company. Neither the information contained in this content, nor in any other place, is provided to any particular individual with a view toward their individual circumstances and nothing in this content should be construed as investment, business, or other professional advice. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.

Individuals should assume that all information contained in this content is not trustworthy unless verified by their own independent research. Information contained in this content will contain “forward looking statements.” These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the appropriate regulators. You should consider these factors in evaluating the forward looking statements and not place undue reliance upon such statements. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this content, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stock broker before investing. We will not be responsible for the success or failure of any individual or entity which implements information received from this content.

Learn how to protect yourself and become a more informed investor at www.investright.org