February
11, 2008
NEWS RELEASE
Skyharbour’s Drill Program to Begin
on South Bay Cu-Zn Project,
Red Lake, NW Ontario
Vancouver, BC – Skyharbour Resources Ltd. (TSX-V:
SYH) (the “Company”) announces the start of its
planned drill program for its South Bay copper-zinc Project, located in Dent
and Mitchell Townships, Northwestern Ontario. The 3,200 acres property covers
the former South
Bay copper-zinc mine.
The South Bay
property is located about 80 km east-northeast of Red
Lake and is accessible by an all
weather road connecting to Ear Falls,
Ontario.
South Bay Claims Map:
http://www.skyharbourltd.com/s/Image.asp?i=maps/SYH
_South_Bay_Map_new.jpg
The
Company is now in the process of mobilizing a self contained drill camp
facility onto its South
Bay property. Two 40
foot Atco trailers have been moved onto the property and kitchen facilities
are being installed to provide the drill contractor, Rodren Drilling, with
proper accommodations for the length of the drill program.
Several
ice pads are now being constructed to accommodate the diamond drill rig with
approximately 8 sites. Ice roads are also being constructed to allow for
movement of the drill crews from camp to the drill sites. At this time there
is approximately 26 to 28 inches of blue ice on Confederation Lake
and the Company hopes to have 30 inches at all drill pads. It is anticipated
that diamond drilling will begin on the South Bay
copper-zinc project in the second half of February 2008.
In
preparation for the drill 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
Volcanic Massive Sulfide (VMS) mineralization similar to the South Bay copper-zinc 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 follow-up work
programs. Four of these zones have been classified as first priority (TA-1,
2, 3, and 4). These 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 diamond 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 drill 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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