The gravity survey has identified 23 targets near NexGen's property (Image: Skyharbour Resources Ltd.)

The gravity survey has identified 23 targets near NexGen's property (Image: Skyharbour Resources Ltd.)

Coming off the back of the recent early-stage discovery made by NexGen Energy (NXE:TSXV) yesterday, Skyharbour Resources (SYH:TSXV) and their joint venture partners have announced they have completed their gravity surveys on the Preston Lake project located in the Patterson Lake South region.  The gravity survey identified 23 gravity low anomalies which the company will follow up on.  They also completed a RadonEx survey (ground and water) which has also helped them narrow their target list for drilling.  They expect to begin drilling in March.  With the recent success of NexGen, the investment community remains focused on this area and is rewarding success here.  Skyharbour believes the NexGen discovery shows the regional prospectively of the play and now seems likely that Fission's discovery will not be the only one.

Jordan Trimble, President and CEO of Skyharbour Resources, states: “The new discovery made by NexGen at their Rook 1 Project further exemplifies the district-scale potential the Patterson Lake region offers. Skyharbour and its Syndicate partners are well positioned to take advantage of this going forward as we have carried out one of the largest regional exploration programs in the area over the last eight months in preparation for an initial drill program slated to commence in March.”

Regional map showing the exploration corridors (Image: Skyharbour Resources Ltd.)

Regional map showing the exploration corridors (Image: Skyharbour Resources Ltd.)

In the basin gravity surveys have been a useful tool for identifying targets due to the fact that the hydrothermal fluids associated with high-grade uranium deposits will extensively alter the host rock.  The alteration will create porosity which is then picked up using gravity surveys due to the density contrast.  This has been a successful early-stage method utilized by both Fission (and previously Alpha) and NexGen in the Patterson Lake South area.

These gravity low anamolies are then again tested to filter down the targets further using RadonEx.  This, in conjunction with further ground EM surveys will enable the company and its partners to identify specific targets for drilling.

Skyharbour is a member of the Western Athabasca Syndicate which includes Athabasca Nuclear, Lucky Strike and Noka Resources all of which can earn up to 25% of the uranium project by making cash and share payments and then incurring their pro-rata amounts of the $6 million exploration budget over the next two years.  Of the $6 million, Skyharbour is only responsible for $1 million of it.

Recently, the company acquired the Mann Lake project on the east side of the basin.  The project is located in a prolific part of the region and only cost the company $15,000 cash and 1 million shares.

Click here to watch Jordan Trimble, CEO of Skyharbour Resources, on BNN's Commodities with Andrew Bell on February 5, 2014 discussing his project

Read: The Western Athabasca Syndicate Identifies 23 Gravity Low Anomalies at the Preston Uranium Property in the Patterson Lake Region of the Athabasca Basin

Disclaimer: Skyharbour Resources Ltd. is an advertiser, therefore the article is not to be considered unbiased and fully independent. Please read Skyharbour Resources' Cautionary Note Regarding Forward Looking Statements carefully.

All statements in this report, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often, but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Much of this report is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this article. In addition, with respect to any particular company, a number of risks relate to any statement of projection or forward statement.

Nothing in this article should be construed as a solicitation to buy or sell any securities mentioned anywhere in this newsletter (specifically in regard to Skyharbour Resources Ltd.). This article is intended for informational and entertainment purposes only! The author of this article and its publishers bear no liability for losses and/or damages arising from the use of this article.

Be advised, Pacific Website Company Inc., CEO.CA and its employees are not a registered broker-dealer or financial advisor. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.

Never, ever, make an investment based solely on what you read in an online newsletter, including CEO.CA’s online newsletter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn’t well known.

Pacific Website Company Inc., owner of CEO.CA, its officers, directors, employees, and consultants shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of its products or services, including this article. Pacific Website Company Inc., owner of CEO.CA, its employees, consultants and affiliates are not responsible for any claims made by any of the mentioned companies or third party writers. You should independently investigate and fully understand all risks before investing. We want to remind you again that CEO.CA is often paid editorial fees for its writing and the dissemination of material. The clients represented by CEO.CA are typically development-stage companies that pose a much higher risk to investors. When investing in speculative stocks of this nature, it is possible to lose your entire investment over time. Please recognize that we are extremely biased when it comes to Skyharbour Resources Ltd.

Pacific Website Company Inc. and CEO.CA (including its employees and consultants) are not chartered business valuators; the methods used by business valuators often cannot justify any trading price for most junior stock exchange listed companies.

Any decision to purchase or sell as a result of the opinions expressed in this report OR ON CEO.CA will be the full responsibility of the person authorizing such transaction, and should only be made after such person has consulted a registered financial advisor and conducted thorough due diligence. Information in this report has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Our views and opinions regarding the companies we feature on CEO.CA and in this newsletter are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies mentioned in this newsletter (specifically Skyharbour Resources Ltd.) or on CEO.CA will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.

Pacific Website Company Inc. is a distributor (and not a publisher) of content supplied by third parties and subscribers. Accordingly, Pacific Website Company Inc. has no more editorial control over such content than does a public library, bookstore, or newsstand. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by third parties, including information providers, Subscribers or any other user of The Pacific Website Company Inc. Network of Sites, are those of the respective author(s) or distributor(s) and not of Pacific Website Company Inc. Neither Pacific Website Company Inc. nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its fitness for any particular purpose.

Pacific Website Company Inc, owner of CEO.CA, does not undertake any obligation to publicly update or revise any statements made in this report.

The information contained in this content is not an offer to buy or sell securities. Do not base any investment decision upon any materials found in this content. We are not registered as a securities broker-dealer or an investment advisor either within any securities regulatory authority. We are neither licensed nor qualified to provide investment advice. The information contained in this content is for informational and educational purposes only and is not intended to be used as a complete source of information on any particular company. Neither the information contained in this content, nor in any other place, is provided to any particular individual with a view toward their individual circumstances and nothing in this content should be construed as investment, business, or other professional advice. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.

Individuals should assume that all information contained in this content is not trustworthy unless verified by their own independent research. Information contained in this content will contain “forward looking statements.” These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the appropriate regulators. You should consider these factors in evaluating the forward looking statements and not place undue reliance upon such statements. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this content, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stock broker before investing. We will not be responsible for the success or failure of any individual or entity which implements information received from this content.

Learn how to protect yourself and become a more informed investor at www.investright.org