In a September 1 research note, David A. Talbot MD, Mining Analyst at Red Cloud Securities Inc. commented that Saskatchewan-focused uranium and thorium exploration company
Skyharbour Resources Ltd.’s (SYH:TSX.V; SA:NYSE.MKT) partner Valor Resources Ltd.. (VAL:ASX) recently reported high-grade samples from its Athabasca Basin Hook Lake uranium project.
The analyst indicated that Valor owns 80% earn-interest option rights in the projects which Red Cloud Securities believes is quite positive due to the confirmed high-grade uranium and rare earth and high-grade base metals found at the site.
The Hook Lake property includes 18 different target areas which show potential for new high-grade discoveries. Red Cloud noted that it sees upside re-rating opportunities for Skyharbour as a result of both the completion of the earn-in agreement and as the company continues to register further successful exploration activities at its flagship Moore Lake project where it is presently conducting a 5,000 m of drill program.The […]
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