Skyharbour Resources (SYH.V) today announced that it has engaged with Condor Consulting Inc. to conduct geophysical and geological data compilation and interpretation work on Skyharbour’s Russell Lake Uranium Project.
Condor will process, model and conduct analysis of all geophysical data. The consulting company has extensive experience and expertise in the Athabasca Basin and in uranium exploration. They have worked on the Russell Lake Project under previous operators.
Since there has been numerous geophysical data covering Russell Lake, Condor’s work will ensure the success of geophysical compilation and future drill programs moving forward as Skyharbour readies to commence a fully funded and permitted 10,000 metre drill campaign in coming weeks.
By re-examining historical data using modern processing and modelling techniques, optimal drill targets can be obtained.
Condor has been focusing on the Grayling, Grayling East, Grayling West, Fox Lake Trail, and M-Zone Extension areas where previous drilling has intersected prospective mineralization, alteration, structure, and geochemistry. Condor is stitching together magnetic data from several historical magnetic surveys and perform 3D magnetic susceptibility inversion of the data as required. These inversions in turn will be used to generate various mapping products. Conductors will be picked using existing airborne EM data, and Condor will define conductor axes where possible with additional modeling of the available ground EM data to further aid conductor definition. A pair of airborne gravity surveys over the areas of interest will be merged, and both the airborne and ground gravity data will be used to generate a number of 2D and 3D target models.
Technically, Skyharbour remains unchanged from earlier technical analysis articles. The stock remains very close to a major support zone at $0.325, and could form a double bottom reversal pattern. The key trigger for bulls however remains a break and close above $0.425.