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Exploring in the Heart of Canada’s Premier Gold CampRED LAKE, NW ONTARIO
Exploring in the Heart of Canada’s Premier Gold CampRED LAKE, NW ONTARIO
May 2012
Skyharbour Share Capital StructureSkyharbour Share Capital Structure
Trading Symbol: SYH (TSX-V)
Issued & outstanding shares: 34.7 millionFully Diluted: 59.3 million
Market Capitalization: $1.7 million
Recent Price: $0.12
Skyharbour’s Key Management has80+ Years Experience in Red Lake
Skyharbour’s Key Management has80+ Years Experience in Red Lake
Don C. Huston: President & CEOHas been associated with the mineral exploration industry for 25 years and has extensive experience as a financier in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D Huston & Sons Ltd. As mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan.
Robert D. Marvin, B.Sc.: Exploration ManagerSince 1979, Mr. Marvin has been involved in mineral exploration for and evaluation of gold, copper, zinc, and uranium deposits throughout the Americas as an employee and as an independent consultant. He graduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984.
Carl Huston: P.Eng: DirectorOver 40 years experience in the field and geological consultant in the Red Lake mining district for 30 years. Ten years as Exploration Manager for the Dickinson Mine, which later became Goldcorp's Red Lake gold mine.
Ideally Positioned Gold Explorer -Operator of 6 Properties Near or Adjacent to
Major New Discoveries
Ideally Positioned Gold Explorer -Operator of 6 Properties Near or Adjacent to
Major New Discoveries
6 properties totaling 21,000+ acres in the heart of the RED LAKE gold campStrong management and technical teamGoldcorp Joint Venture on one property
Red Lake OverviewRed Lake OverviewCanada’s premier gold-producing districtHome to multiple, high-grade producing mines
Significant untapped exploration potentialNew gold discoveries on adjacent properties
Red Lake Properties - OverviewRed Lake Properties - OverviewCypress owns 85% interest in Broulan Reef property, Skyharbour owns 15%
On strike with producing Campbell and Red Lake Gold Mines 5 km to eastOn historic Red Lake Mine Trend
Adjacent to Goldcorp’s Cochenour / Bruce Channel gold deposit and Goldcorp / Premier gold projects
Same mineralized geologic sequence of rocks underlies the Broulan Reef propertyMultiple drilling programs underway adjacent to Broulan Reef property
Hosts two principle environments where significant gold deposits may be found
Structures within the Bruce Channel sedimentsStructures within the underlying Balmer Assemblage
Balmer Assemblage rocks beneath the Bruce Channel sediments represent a highly prospective setting with potential to host high-grade gold mineralization similar to recent nearby discoveries like Goldcorp’s Cochenour / Bruce Channel gold deposit
Red Lake Properties - OverviewRed Lake Properties - OverviewSkyharbour’s Broulan Reef property covers the Bruce Channel of Red Lake and
lies immediately south on strike to the Gold Eagle Mines property now owned by Goldcorp. Gold Eagle Mines Ltd. discovered several gold deposits and was acquired by Goldcorp in September 2008 for $1.3 Billion.
Broulan Reef - Location MapBroulan Reef - Location Map
Bruce Channel Zone
Finn Zone
Cochenour
Bonanza
multi million oz
multi million oz
Wilmar
Campbell-Red Lake?????
+1 million oz +20 million
N
0 1 2
kilometres
Balmer Assemblage
Surrounding Rock
Faults
Goldcorp
Goldcorp
Goldcorp
Goldcorp
Drilling Overview of Hole BR08-3CDrilling Overview of Hole BR08-3CMineralization was encountered at a vertical depth of 2071 metres below surface
Similar to depths encountered in the Finn Zone by Gold Eagle
The setting, alteration and mineralization is similar to that encountered on Goldcorp’s Cochenour / Bruce Channel deposit
Structure is believed to be same as that hosted in Goldcorp’s Cochenour / Bruce Channel deposit
Drill core exhibiting VG from 1st wedge hole (BR08-3D)Drill core exhibiting VG from 1st wedge hole (BR08-3D)
Drill Hole BR09-1 from McKenzie Island Drill Hole BR09-1 from McKenzie Island
Images outline recently completed mother hole and two wedges as well as current hole location on McKenzie Island.
Cross section of Broulan Reef drill hole BR09-01 (looking north).
Not all drill holes shown
Drill Hole BR09-2 from McKenzie IslandDrill Hole BR09-2 from McKenzie Island
December 2009, Skyharbour started new mother hole, BR09-2, drilled from McKenzie Island
Completed to 2937 metres
Gold values intersected on strike and in same structure that hosts Bruce Channel gold deposit
18 metre interval between 2809 metres and 2827 metres grading 1.62 g/t Au including 2.5 g/t Au over 9 metres and 5.04 g/t Au over 2 metres
These values are typical of many zones intersected in Bruce Channel gold deposit and are likely within an envelope surrounding such a deposit
Convincingly demonstrate continuity of the mineralized system onto Broulan Reef property with plenty of room for expansion
Drill Hole BR09-2 from McKenzie Island Drill Hole BR09-2 from McKenzie Island
McKenzie Island Gold PropertyMcKenzie Island Gold Property
13 holes totalling 2,082 metres were completed in 2003
In early 2005, 14 reconnaissance holes (approx. 3,300 metres) were completed during Phase I and Phase II drill programs (Feb. 2005, April 2005) on southern tip of McKenzie Island property
Significant zones of gold mineralization were discovered
Lies 7 km west of the Goldcorp’s Red Lake and Campbell mines, and west andadjacent to Goldcorp’s Cochenour / Bruce Channel gold deposit
South Bay Copper-Zinc-Silver PropertySouth Bay Copper-Zinc-Silver Property
South Bay Copper-Zinc-Silver PropertySouth Bay Copper-Zinc-Silver Property
Skyharbour owns 100% interest in the South Bay property (approximately 3,200 acres)
Claim blocks cover the South Bay copper-zinc-silver deposit, which was discovered and mined by Selco from 1970 to 1982
South Bay mine produced approximately 1.6 million tons of 2.3% copper, 14.5% zinc, and 3.5 oz/ton silver
South Bay mine produced to a vertical depth of 410 metres
Current geophysical methods allow exploration to depths in excess of 1,000 metres, opening up a very large prospective area for further exploration
Tribute Minerals Inc. exploring to the SW of the South Bay property, announced results including; 20.3% zinc, 1.23% copper, with a further two samples grading greater than 30% zinc
South Bay Copper-Zinc-Silver PropertySouth Bay Copper-Zinc-Silver PropertyOn April 3rd, 2008 Skyharbour announced it had made a significant
discovery of volcanogenic massive sulphide (VMS) mineralization, in an area that had never been drill tested in the past, approximately 500 metres to the southwest of the former South Bay Mine shaft
Baird Gold PropertyBaird Gold Property
Historical grades of 155.9 grams/tonne gold over 1.22 metres, and 17 grams/tonne gold over 1.83 metres2005: Placer Dome earns a 51% in Baird
2438 metres of drilling completed in Spring/Fall of 2003
Another round of drilling was completed in 2005
Goldcorp acquired Placer Dome’s 51% interest in 2006
Lies on the northern border of the Goldcorp / Claude Resources Madsen project, surrounded by Goldcorp’s Parvus Project on the north and east, and Goldcorp’s Humlin property on the west
Baird property – gold bearing trend (shear)19defined from 2002 drilling Hole B02-6 – 35 metres (120’) of disseminated
to massive sulphides in Qz/carbonate breccia –anomalous to elevated gold values throughout(including 6 intersections of 1.2 – 0.3 g/T Au)
Contact: Don C. Huston – President
Telephone: (604) 687-3376
Toll Free: 800-567-8181
www.skyharbourltd.com
Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA