The current drilling programme results will aid future exploration phases including geophysical surveys and drilling.
The exploration program involves surface prospecting, including detailed rock and soil sampling, to identify potential areas of mineralization and alteration. These activities will provide data to guide future exploration efforts, such as geophysical surveys and drilling.
Mustang Energy has the opportunity to earn a 75% interest in the 914W Project by meeting specific conditions, including issuing shares, making cash payments, and funding exploration over three years. Mustang Energy CEO Nick Luksha stated: “We are excited to launch our first field programme of the summer at 914W. The project area has encouraging geological features, and our upcoming work is designed to generate meaningful results that will guide the next phases of exploration.”
Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 614,000 hectares. The company is benefiting from favorable conditions in the uranium market. Among its assets is the fully owned Moore Uranium Project, acquired from Denison Mines, a major shareholder. Located near Denison’s Wheeler River project and Cameco’s McArthur River mine, the Moore Project hosts high-grade uranium mineralization at the Maverick Corridor.
Adjacent to Moore, the Russell Lake Uranium Project, operated in partnership with RTEC, has revealed widespread uranium mineralization with significant potential for further discoveries. Skyharbour continues to advance both projects through ongoing exploration and drilling initiatives.
In addition, Mustang Energy secured exploration permits for the Ford Lake Project, also in the Athabasca Basin, in October 2024. Covering 7,743 hectares, these permits, valid from September 1, 2024, to September 30, 2027, allow for a range of exploration activities to assess the project’s potential.
