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Skyharbour's Partner Mustang Energy Corp. Announces Results of TDEM Survey Over the 914W Property

SYHBF
  • Mustang Energy Corp. received high-resolution HTDEM survey results covering 136 line-kms at Skyharbour Resources' 914W Uranium Project in a prospective region south of the Athabasca Basin.
  • The survey defined a well-developed conductive zone with geometry consistent with graphitic basement rocks or fault-bound alteration zones favorable for unconformity-type uranium mineralization.
  • Strong early-time electromagnetic responses indicate shallow conductive zones in the east-central portion of the project that persist to depths of 350 meters.
  • Mustang Energy may acquire a 75% interest in the project by issuing CAD $480,000 in shares, paying $275,000 in cash, and incurring $800,000 in exploration expenditures over three years.
  • A May 2025 prospecting program collected 25 rock samples and 142 soil samples, identifying anomalous uranium values in the northeastern grid including a granitic gneiss sample returning 42.3 ppm U.
  • Five soil samples from the southern grid exceeded 4 ppm U, while the southwestern grid showed no confirmation of elevated values likely due to limited outcrop exposure.
  • The 914W Project consists of 1,260 hectares with road access via Highway 914, situated 48 km southwest of Cameco's Key Lake Operation.
  • Historical work on the property includes surveys from 1968-1970, lake sampling in 1976, and modern geophysical coverage in 2005-2007, though the area remains underexplored for unconformity-related uranium.
  • Skyharbour Resources holds an extensive portfolio of 37 projects covering over 616,000 hectares in the Athabasca Basin with multiple joint venture and earn-in agreements.