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Highlights
Skyharbour Resources' joint venture partner begins new drilling at Preston Uranium Project
Multiple high-priority targets to be tested across Johnson Lake, Canoe Lake, and FSAN Zone
Program aims to assess geophysical anomalies and identify uranium mineralisation zones
Uranium sector activity continues to build momentum as Skyharbour Resources (TSX-V:SYH) and its joint venture partner Orano Canada advance exploration efforts in Canada’s Athabasca Basin. The Preston Uranium Project, part of Skyharbour’s extensive portfolio, is now undergoing a new drilling phase designed to test a range of geophysically defined targets across key zones.
Skyharbour Resources is not listed on Australian exchanges, but developments in uranium exploration may attract interest from traders focused on All Ordinaries uranium stocks.
Drilling Activity Commences at Key Preston Zones
Orano Canada has initiated a diamond drilling program across several defined areas, aiming to investigate geophysical features interpreted to host uranium mineralisation. The Johnson Lake zone will be the focus of drilling aligned with structural corridors previously identified through airborne time-domain electromagnetic surveys. Ground conductors intersecting structural complexities are prioritised within this target.
At Canoe Lake, drill testing is expected to define structural features and refine the zone as a possible corridor for mineralisation. Skyharbour has reported multiple zones of interest from available geophysical data, including gravity lows and intersecting magnetic breaks.
FSAN Zone and Contingency Sites Included in Program Scope
The FSAN Zone has been selected for follow-up drilling of airborne electromagnetic anomalies. Additional holes are set to evaluate gravity low anomalies, disrupted magnetic fields, and areas with geochemical activity. West and Far West zones have been flagged as contingency targets depending on outcomes from earlier drill phases.
These efforts stem from a multi-year collaboration between Skyharbour, Orano Canada, and Dixie Gold (TSX-V:DG), which began with an earn-in agreement and led to a joint venture. Orano currently holds the largest interest in the Preston Project, followed by Skyharbour and Dixie Gold.
Skyharbour Expands Uranium Holdings in Canadian Basin
Skyharbour Resources maintains a broad footprint in the Athabasca region, holding interests in dozens of uranium-focused properties. The company has identified numerous exploration targets across its portfolio, seeking to unlock additional discoveries through joint ventures and strategic agreements.
