Skyharbour Resources (TSX-V:SYH) has begun a drill program at the Russell Lake Project in the Athabasca Basin of Canada.
The program will comprise between 4,000 to 5,000m of diamond drilling at the South Russell and Kowalchuk target areas, together with ground electromagnetic (EM) surveys over the Maverick Extension and Kowalchuk targets. Drilling is designed to follow-up on existing and newly acquired EM targets.
A large-scale moving loop and fixed loop EM survey is currently underway over the Kowalchuk anomaly.
Historical drilling in the Kowalchuk area intersected anomalous radioactivity. However, that drilling was conducted based on airborne EM data without the benefit of ground-based geophysical refinement. The 2026 ground EM survey is designed to resolve and further define the Kowalchuk airborne conductor prior to drill targeting.
At South Russell, an initial phase of 2,500 to 3,000m of drilling in six to eight holes is planned for this area. Meanwhile at Kowalchuk, four to six drill holes are planned for a total of 1,500 to 2,000m to test discrete conductors identified through the ongoing ground EM survey. This phase of drilling will follow the initial drilling at the South Russell target area.
President and CEO Jordan Trimble says the property is sizable, with substantial discovery potential across numerous target areas.
“As the majority owner and operator of these claims within the broader Russell Lake joint venture project area, we are pleased to be working with our strategic funding-partner, Denison, to expedite the discovery process with less equity dilution,” Trimble says.
“This drilling at RL is part of a larger planned over-15,000-metre, multi-phased drill campaign at Russell this year, bringing the total planned drilling to over 30,000 metres across six projects in our portfolio.
“These fully-funded, ongoing drilling programs between us and our partner companies provide Skyharbour with strong rerate potential and unique multi-project optionality.”
Skyharbour Resources holds an extensive uranium project portfolio in Canada’s Athabasca Basin.
Write to Aaliyah Rogan at Mining.com.au
Images: Skyharbour Resources
