The program will cover the JNR Fraser Lakes Zone B deposit where high-priority targets around the current uranium and thorium resource will be tested.

Around 1,500m of drilling is expected to be completed through five to six holes with depths of 250 – 350m each.

Skyharbour acquired the property from Denison Mines last year and the drill program is said to be the company’s first work at Falcon Point.

Skyharbour Resources president and CEO Jordan Trimble said: "The Falcon Point Project hosts a near surface, NI 43-101 inferred uranium and thorium deposit with resource expansion potential as well as high grade discovery potential.

"The Company is funded to complete this initial drill program as well as the ongoing exploration program at the Preston Project on the west side of the Basin which should collectively provide ample news flow over the coming months."

JNR Fraser Lakes Zone B subcrops and was not tested below 150m vertical, and comprises various zones of moderately dipping, multiple-stacked uranium and thorium mineralized prospects, while being open along strike and at depth.

The deposit is claimed to comprise inferred resource of seven million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023% within 10,354,926 tons using a cut-off grade of 0.01% U3O8.