Skyharbour Resources (SYH.V) released the assay results of the final six holes from its 2021 summer/fall drill program at its fully owned Moore Uranium project in Saskatchewan. Hole ML21-19 was singled out by the company and that’s not a surprise considering this hole intersected 19.5 meters of 0.54% uranium including a high-grade interval of 4 meters of 2.07% U3O8. Just to be clear how good these grades are: 0.1% U3O8 contains 2.2 pounds of uranium so the 0.54% interval actually represents a rock value of $400/t using an uranium price of $35/pound.
This hole was designed to drill-test the up-dip edge of the Maverick East Zone northeast of hole ML20-05 where 0.23% U3O8 was encountered while hole ML21-18 which was designed to follow up on hole ML-47 intersected 4.5 meters of 0.11% U3O8 followed by 1.5 meters of 0.15% U3O8 just slightly lower. There were a few additional interesting intervals and the map at the top of this blog post shows all relevant intervals.
Skyharbour is getting ready for a winter drill program which will consist of at least 2,500 meters of diamond drilling with a specific focus on the Viper and Maverick East Zones while Skyharbour also seems to be keen on drilling the Grid 19 target area.
Disclosure: The author has no position in Skyharbour Resources. Please read our disclaimer.
