Skyharbour Resources (TSX-V:SYH) has plans to conduct a ‘major’ 2026 exploration campaign spanning several of the newly-formed Russell Lake joint venture properties in Canada together with Denison Mines (TSX:DML).
More than 15,000m of diamond drilling is planned across the Wheeler North, RL, and Getty East properties – each of which were formed following completion of the strategic transaction with Denison Mines.
Drilling will be conducted where previous drilling identified extension faulting and intense illite- and dravite-dominated alteration, together with elevated uranium and boron geochemistry, which confirms the presence of strong uranium-mineralising hydrothermal systems.
At Wheeler North’s Fork and Sphinx target areas, 5,000m of drilling is planned for later in the year. The program will follow-up on drilling from the last two years which confirmed prospective structures and uranium mineralisation.
Target generation and diamond drilling will be carried out at RL, while ground geophysical surveys and 3,600m of drilling will be conducted at the Little Mann Lake prospect and priority targets along the extension of the mineralised Middle Lake Trend on the Getty East property.
CEO Jordan Trimble says the multi-phased drill program is a substantial increase to previous annual drilling as the company accelerates its exploration efforts.
“We are confident that this collaboration with Denison will expedite the discovery process and leverage Denison’s success in exploring, permitting, and developing the neighboring Wheeler River Project, where the high-grade Phoenix deposit is positioned to become the next new large-scale uranium mine built in the region since the Cigar Lake mine,” Trimble says.
“The Russell Lake joint ventures (JV) encompass one of the largest and most prospective land packages in the Athabasca Basin region, with a combination of proximity to existing and developing mines, as well as low-cost drilling and relatively shallow target depths.
“Combined with our recently announced plans for drilling in 2026 at our adjacent Moore Project, as well as at our Preston Project JV and various other partner-funded projects, the company will have consistent news flow throughout 2026.”
Skyharbour recently drilled 19 holes for 9,844m, coupled with moving loop and fixed-loop transient electromagnetic surveys across multiple priority target areas within the original Russell Lake Project area.
The exploration focused on advancing several high-priority targets including the Fork Zone, M-Zone Extension, Fox Lake Trail, and Sphinx.
Russell Lake is an advanced-stage uranium exploration property, covering 73,314 hectares in the Eastern Athabasca Basin of northern Saskatchewan, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Skyharbour Resources
