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February
25, 2008
NEWS
RELEASE
Skyharbour
Resources’ Drilling Program Begins on
South
Bay Cu-Zn-Ag Project, Red Lake, NW Ontario
Vancouver, BC – Skyharbour Resources Ltd. (TSX-V:
SYH) (the “Company”) announces the start of
its drilling program on its 100% owned South Bay copper-zinc-silver project,
located in Dent and Mitchell Townships about 80 km east-northeast of Red
Lake, Northwestern Ontario. The 3,200 acres property covers the former South
Bay copper-zinc-silver mine which produced 1.6 million tons of ore grading
2.3% Cu, 14.5% Zn, and 3.5 oz/t Ag (Selco 1978).
South
Bay Claims Map, NW Ontario:
http://www.skyharbourltd.com/s/Image.asp?i=maps/SYH
_South_Bay_Map_new.jpg
Several
ice pads have been constructed to accommodate the diamond drill rig with
approximately 8 sites. Ice roads have been constructed to allow for movement
of the drill crews from camp to the drill sites. At this time there is approximately
30 inches of blue ice at all drill pads on Confederation Lake.
In
preparation for the drilling program, Skyharbour completed a Quantec
“Titan-24” geophysical survey over the property in February 2007.
A total of 22 line kilometres were surveyed. The primary objective of
the Titan-24 survey was to identify Direct Current, Induced Polarization
(DCIP) and Magnetotelluric (MT) anomalies, which may represent
copper-zinc-silver Volcanic Massive Sulfide (VMS) mineralization similar
to the South Bay copper-zinc-silver deposit. The Titan-24 survey responses
over the South Bay Mine deposit were used as a “Calibration
Model” for prioritizing anomalies in the area.
The
known VMS base metal deposits in the Confederation assemblage are found in
and near volcanic centres and are reflected by the presence of coarse
rhyolitic breccias intruded by sub-volcanic quartz porphyries. The
largest known deposit of this type in the area was the South Bay Mine
which produced 1.6 million tons of ore grading 2.3% Cu, 14.5% Zn, and 3.5
oz/t Ag (Selco 1978). This deposit was mined from 1970 to 1982 to a depth of
approximately 500 metres.
Past
drilling has generally tested targets to depths of 300 metres with the odd
drill hole being deeper. The Titan 24 survey was chosen for its 600+ metre
depth penetration. The Titan 24 survey covered a conceptually favorable
target area featuring pervasive sodium depletion crosscutting stratigraphy
and a regional acid-mafic lithologic contact. The survey has successfully
identified at least 11 anomalous zones that have been recommended for a
follow-up drill program. Four of these zones have been classified as first priority targets
(TA-1, 2, 3, and 4). These drill targets show a strong IP response coincident
with DC and/or MT low resistivity; this signature is consistent with stringer
to massive sulfide mineralization and alteration zones (i.e. similar to the
South Bay Mine response).
Three dimensional modeling of the
geophysical responses and known past drilling show that most of the targets
have not been tested at all, or were very poor tests of the Titan 24
anomalies.
South Bay “Titan 24” Drill
Targets Movie Clip:
http://www.skyharbourltd.com/s/SouthBay.asp?ReportID=147346
Skyharbour Resources is initially
planning a drilling program consisting of 10 holes totaling 5000 metres to
test the high priority Titan 24 anomalies. Probing of all holes is also
planned to further define the targets.
David J. Busch, B.A., B.Sc.,
PGeo., Vice President of Explorations, is the qualified person under the
meaning of National Instrument 43-101 and has reviewed the data in this News
Release.
About Skyharbour Resources Ltd.:
Skyharbour
Resources Ltd. is a gold and base metal exploration company developing
projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the
Company’s website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
“Don Huston”
___________________________________
DONALD C. HUSTON
President
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