Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced in a news release that its option partner Orano Canada started exploration at the Preston uranium project in the Athabasca Basin in Saskatchewan.
Orano's $753,000, winter 2020 work at Preston will encompass direct current resistivity ground geophysics on the JL and Canoe grids and on the B conductive area. The aim is to "further characterize the electromagnetic conductors by providing information about possible clay, silicification or associated alteration in the vicinity of conductors adding another layer of information to prioritize areas to be drill tested," the release explained.
Uranium producer Orano can acquire up to a 70% working interest in Preston after spending up to CA$8 million on exploration over six years.
Skyharbour's President and CEO Jordan Trimble commented, "This initial geophysics and ground program being carried out by our strategic partner and industry-leader Orano will further advance the Preston Project and refine future drill targets. Skyharbour continues to execute on its key objectives by adding value to its project base in the Basin through ongoing mineral exploration at its flagship, high grade Moore Uranium Project with a 2,500 meter drill program underway while utilizing the prospect generator model to advance its other projects with strategic partners. In addition to Orano's field program at Preston, Skyharbour's other partner Azincourt Energy is carrying out a 2,500 meter drill program at our East Preston project which collectively will provide ample news flow and catalysts in the near term."
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