Skyharbour Resources (TSX-V: SYH) is a uranium exploration company focused on the prolific Athabasca Basin in Northern Saskatchewan, Canada. The Company is a member of the Western Athabasca Syndicate, which controls a large, geologically prospective land package consisting of five properties (287,130 hectares or 709,513 acres) in the Basin. The properties are strategically located to the north, south, east and west of
Fission Uranium's (TSX-V: FCU) Patterson Lake South (“PLS”) recent high grade uranium discovery and NexGen Energy's (TSX-V: NXE) Rook 1 project on the western flank of the Athabasca Basin. $6,000,000 in combined exploration expenditures over the next two years is planned on these properties, $5,000,000 of which is being funded by the three partner companies. Skyharbour and partners are expecting to commence drilling on the Preston Lake project in March of 2014.
Skyharbour has also recently acquired a 60% interest in the Mann Lake Uranium Project located on the east side of the Athabasca Basin 25 km southwest of Cameco's (TSX: CCO) McArthur River Mine and 15 km northeast and along strike of Cameco's Millennium uranium deposit. The property is adjacent to Cameco's Mann Lake Joint Venture where an aggressive 13,000 metre, 18-hole diamond drill program is currently underway. The Company has 44.6 million shares outstanding with insiders owning over 25% of the outstanding shares. Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.