Skyharbour Grants 100,000 Stock Options
December 22 2016 - 5:00PM
Skyharbour Resources Ltd. (TSX-V:SYH)
(OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) announces that
pursuant to its stock option plan, the Company has granted
incentive stock options to its various directors, officers,
employees and consultants to purchase up to an aggregate of 100,000
common shares in the capital stock of the Company, exercisable for
a period of 5 years, at a price of $0.35 per share.
Upcoming Drill Program:
The Company is on schedule to commence its
previously announced drill program on its flagship property, Moore
Lake, in January 2017 with additional news forthcoming on the
program. Skyharbour recently secured an option from Denison Mines
(TSX:DML), a large shareholder of the Company, to acquire a 100%
interest in the Moore Lake Uranium Project which hosts the
high-grade Maverick Zone where previous drilling returned 4.03%
U3O8 over 10 metres at 265 metres depth. In addition to the
Maverick Zone, the project hosts other mineralized targets with
strong discovery potential which the Company plans to test in the
upcoming drill program.
Qualified Person:
The technical information in this news release
has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed and
approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head
Technical Advisor and a Director, as well as a Qualified
Person.
About Skyharbour Resources
Ltd.:
Skyharbour holds an extensive portfolio of
uranium and thorium exploration projects in Canada's Athabasca
Basin and is well positioned to benefit from improving uranium
market fundamentals with five drill-ready projects. In July 2016,
Skyharbour acquired an option from Denison Mines to acquire 100% of
the Moore Lake Uranium Project which is located 20 kilometres east
of Denison’s Wheeler River project and 39 kilometres south of
Cameco’s McArthur River mine. Moore Lake is an advanced stage
uranium exploration property with over $30 million in historical
exploration, 370 diamond drill holes, and a high-grade uranium zone
known as the Maverick Zone with drill results including 4.03% eU3O8
over 10 metres at a vertical depth of 265 metres. The Company
owns a 100% interest in the Falcon Point (formerly Way Lake)
Uranium Project on the eastern perimeter of the Basin which hosts
an NI 43-101 inferred resource totaling 7.0 million pounds of U3O8
at 0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also
hosts a high grade surface showing with up to 68% U3O8 in grab
samples from a massive pitchblende vein, the source of which has
yet to be discovered. Skyharbour also has a 50% interest in the
large, geologically prospective Preston Uranium Project proximal to
Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow
deposit. The Company’s 100% owned Mann Lake Uranium project on the
east side of the Basin is strategically located adjacent to the
Mann Lake Joint Venture operated by Cameco with partners Denison
Mines and AREVA, where high-grade uranium mineralization was
recently discovered. 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.
To find out more about Skyharbour Resources Ltd.
(TSX-V:SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan
Trimble”
Jordan TrimblePresident and CEO
For further information contact myself or:Nick FindlerCorporate
Development and Communications Skyharbour Resources Ltd. Telephone:
604-639-3850 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email:
info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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