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Exploring for Uranium in the Athabasca Basin of Northern Saskatchewan
Exploring for Uranium in the Athabasca Basin of Northern Saskatchewan
March 2013
Trading Symbol: SYH (TSX-V)
Issued & outstanding shares: 34.7 millionFully Diluted: 61.2 million
Market Capitalization: $1.90 million
Recent Price: $0.055
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 mineralexploration 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 & SonsLtd. As mineral exploration consultants in northern Ontario, Manitoba, andSaskatchewan.
Robert D. Marvin, P.Geo., CPG: Exploration ManagerSince 1979, Mr. Marvin has been involved in mineral exploration for and
evaluation of gold, copper, zinc, and uranium deposits throughout the Americasas an employee and as an independent consultant. He graduated from theUniversity of New Mexico with a Bachelor of Science degree in geology in 1984.
Jim Pettit: DirectorJim Pettit is a Director of Skyharbour Resources Ltd. Mr. Pettit is currently
serving as a Director on the Boards of 6 public resource companies and offers 15years experience within the industry specializing in finance, corporategovernance, management, and compliance. He specializes in the early stagedevelopment of private, as well as public companies. His background over thepast 15 years has been focused primarily within the resource sector where he hasmanaged and directed junior resource companies through good times and bad.
Richard Kusmirski, P.Geo, M.Sc.: Head of Advisory Board
Rick Kusmirski, P.Geo, M.Sc., Head of Advisory Board, has over 40 years ofexploration experience in North America and overseas, and has activelyparticipated in the discovery of a number of uranium, gold and base metaldeposits. For several years, in his capacity as Exploration Manager, he directedCameco Corporation's (TSX: CCO) uranium exploration projects in the AthabascaBasin. In 1999, Rick joined JNR Resources becoming Vice President of Explorationin 2000. Subsequently, he directed the exploration program that led to thediscovery of the Maverick Zone on the Moore Lake uranium joint venture in theAthabasca Basin in Saskatchewan with partner Kennecott Canada. Rick becameJNR's President and CEO in January of 2001. In February of 2013, Denison MinesCorp. (TSX: DML) successfully acquired all of the outstanding shares of JNR byway of a friendly all-share take-over bid.
The Uranium (U3O8) deposits of Saskatchewan, Canada are the richest in the world.
The Athabasca Basin is an ancient sedimentary basin which hosts the World's most significant uranium mines and produces almost 20% per cent of the current world uranium production.
Athabasca uranium deposits also have grades substantially higher than the world average grade of about 0.2% U3O8
2012 South West Athabasca Basin
Patterson Lake South (Alpha Minerals and Fission Energy)12.5 m at 2.49% U3O8
2010 Eastern Flank Athabasca Basin
J-Zone (Fission Energy and KEPCO)Indicated 306,831 tonnes at 1.52% U3O8 (10.2 Million lbs) Inferred 138,404 tonnes at 0.90% U3O8 (2.7 Million lbs)
2008
Wheeler River – Phoneix Deposit (Denison Mines)Phoenix A: 89,900 tonnes at 18.0% U3O8 (35.6 Million lbs)Phoenix B: 23,800 tonnes at 7.3% U3O8 (3.8 Million lbs)
• 6 uranium properties totalling approx. 209,000 acres
• 5 properties located in the Patterson Lake area totalling approx. 197,000 acres
• 1 property in the Eastern Flank approx. 12,000 acres
197,000 acres of prospective ground are strategically located near the Alpha Minerals (TSX-V: AMW; “Alpha”) and Fission Energy (TSX-V: FIS; “Fission”) Patterson Lake South discovery area
the Alpha Minerals and Fission Energy’s Patterson Lake South discovery area included a drill interval that returned 2.49% U3O8 over 12.5 metres
This discovery demonstrates the potential for high-grade uranium mineralization on the margins of the western side of the Athabasca Basin
Other regional operators in the area include Cameco Corp., Areva, and Denison Mines.
• Skyharbour’s South Patterson Properties are located15km South to the new discovery made by of Alpha and Fission which included a drill interval that returned 2.49% U3O8 over 12.5 metres
• The South Patterson Properties are accessible via all-weather Highway 955 which runs north to the former Cluff Lake mine (> 60M lbs of U3O8 produced)
Strategically located approximately 27 km and 35 km respectively to the north of Fission/Alpha’s Patterson Lake South project claim boundary
Properties cover prospective geology within the Athabasca Basin sandstones including NE-SW regional structural trends
uranium is trapped in both pre-Paleozoic sandstones and carbonaceous units of the Manitiou Falls Formation (like Cigar Lake on the Eastern Flank of the Basin) and within younger Cretaceous age silty sandstones within and on the flanks of the Basin (like the high grade Patterson Lake South uranium discovery)
11,769 acre Wheeler Project is located in the Eastern Flank of the Athabasca Basin and has three uranium showings on the property
Grab sample assay values range from 10 ppm to 0.495% U3O8. The mineralization is contemporaneous with the formation of the pegmatoid rocks and uranium mineralization is scattered uraninitegrains enclosed in fresh and weakly altered biotite, quartz and feldspar
The Wheeler project has two obvious targets for immediate exploration. First, the known, outcropping, pegmatite hosted uranium mineralization mentioned above, and second, Cigar Lake style uranium mineralization hosted at the regional, unconformable contact between the Archean age pegmatites and overlying basin fill sedimentary units
• Canada’s premier gold-producing district
• Home to multiple, high-grade producing mines
• Significant untapped exploration potential
• New gold discoveries on adjacent properties
• On strike with producing Campbell and Red Lake Gold Mines 5 km to east
• On 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 property• Multiple drilling programs underway adjacent to Broulan Reef 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 and adjacent to Goldcorp’s Cochenour / Bruce Channel gold deposit
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
On April 3rd, 2008 Skyharbour announced it had made a significant discovery ofvolcanogenic massive sulphide (VMS) mineralization, in an area that had never beendrill tested in the past, approximately 500 metres to the southwest of the formerSouth Bay Mine shaft
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 Baird2438 metres of drilling completed in Spring/Fall of 2003Another round of drilling was completed in 2005Goldcorp 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 Humlinproperty 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: Jordan Trimble – Corp. Comm.
Telephone: (604) 687-3376
Toll Free: 800-567-8181
www.skyharbourltd.com
[email protected] 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
Qualified Person: Robert Marvin, P.Geo., CPG, is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information in this presentation.
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