The 79,003ha Falcon Point uranium and thorium property is situated 55km east of the Key Lake Mill.
The company drilled five diamond under the program totaling 1,278m with four holes intersecting uranium and thorium mineralization.
A 14m wide mineralized zone was intersected at drill hole FP-15-05 starting at 134.5m down-hole depth featuring the highest grade mineralization identified so far in the deposit area.
The intersections include 0.172% U3O8 and 0.112% ThO2 over 2.5m as well as 0.165% U3O8 and 0.112% ThO2 over 2m within an interval containing 0.103% U308 and 0.062% ThO2 over 6m.
The company said the fifth and last hole of the program was lost in the mineralized horizon because of technical issues with the drill rig.
Skyharbour Resources president and CEO Jordan Trimble said: "We are excited to have intersected the highest grade uranium mineralization found to date in the deposit area on the Falcon Point Project.
"Similar to other notable high grade Athabasca Basin deposits, we are seeing the character of the uranium mineralization changing at depth as the grade is increasing which illustrates the strong discovery potential going forward at the project."
The company plans to soon start a summer field program featuring prospecting and vegetation/soil sampling in and around a high grade 48% U3O8 surface showing on the Hook Lake target near the northern end of the property.
Skyharbour owns stake in a portfolio of uranium and thorium exploration projects in Canada’s Athabasca Basin.
