Skyharbour starts drilling at Moore project

Executive Summary

• Skyharbour Resources has commenced Phase I of its 2026 drill campaign at its 100%-owned Moore Lake uranium project in Saskatchewan, with a renewed drill permit valid through March 2029.
• The initial phase involves 4,000 to 5,000 metres of diamond drilling across 10 to 12 holes, targeting the Nomad, Esker, Maverick, and Nutana zones.
• The company is integrating advanced data analytics and AI-assisted prospectivity modeling via SMCG Services to refine targeting, following recent SLTEM survey coverage that extended geophysical data along the Maverick trend.

Key Details

• Drilling Campaign Scope: The 2026 campaign is planned to total 8,000 to 10,000 metres of diamond drilling. Phase I consists of approximately 4,000 to 5,000 metres in 10 to 12 drill holes.
• Permit Status: Skyharbour received a renewed three-year drill permit valid through March 2029.
• Geophysical Updates: Completed 58.3 line kilometres of ground step loop transient electromagnetic (SLTEM) survey coverage, extending existing coverage by two kilometres to the southwest along the 12-kilometre-long Maverick trend.
• Nomad Zone Focus: Drilling is testing priority gravity anomalies and newly delineated EM conductors along the Nomad structural corridor. This zone was identified in 2025 via reprocessed historical gravity surveys and shows strong faulting, clay alteration, and silicification analogous to the Maverick zone.
• Esker Zone Targets: Follow-up drilling will evaluate the strike extension of historical mineralization from hole ML-165, which returned 1.21% U3O8 over 0.5 metre at the unconformity.
• Maverick Zone Expansion: Expansion drilling will target largely untested basement-hosted potential associated with previously intersected high-grade mineralization.
• Nutana Zone Testing: Drilling will address inadequately tested areas due to wide historical drill spacing, focusing on strong dravite alteration and graphitic basement conductors.
• AI and Data Integration: Engaged SMCG Services (led by Drew Heasman) for advanced data integration and AI-assisted prospectivity modeling to prioritize drill targeting across the Moore project.
• Historical High-Grade Intercepts:
  • Hole ML-161: 4.03% eU3O8 over 10 metres, including 20% eU3O8 over 1.4 metres.
  • Hole ML-199: 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
  • Hole ML25-15 (2025): 4.84% U3O8 over 4.4 metres, including 11.77% U3O8 over 1.6 metres.
• Project Location: 35,705-hectare property located 15 km east of Denison’s Wheeler River project and 39 km south of Cameco’s McArthur River uranium mine.

Notable Quotes

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