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TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


CALGARY, ALBERTA--(Marketwired - May 17, 2017) - GrowMax Resources Corp. (TSX VENTURE:GRO) ("GrowMax" or "the Company") is pleased to provide the following operational update: Pursuant to the Transfer Agreement announced on March 27, 2014, granting the Bayovar mineral concessions to the Company, GrowMax committed to certain spending amounts and production levels within a maximum term of three years, from the date of execution. Following direct consultation with the applicable Peruvian entities, in January 2017, the Company formalized its request for an extension and modification of its commitments and obligations under the Transfer Agreement. GrowMax is pleased to announce that on May 16, 2017, a two-year extension (the "Extension") for its commitments and obligations prior to the start of production, pursuant to the Transfer Agreement, has been approved. The Extension will be in effect for a period of two years from the date of execution and includes amendments to the original commitments, including: GrowMax is focused on working towards reaching these commitments and moving forward on the Bayovar Project. Recent flotation tests conducted at the Saskatchewan Research Council (SRC) using pond samples of Kainite and Carnallite obtained from pilot pond operations at our Bayovar Property have confirmed the theoretical viability of producing SOP from these products, as envisioned for the Company's 5,000 tonnes per year SOP pilot project (the "Project") that was summarized in the Company's press release of February 6, 2017 (GrowMax Announces Results of Sulfate of Potash Study). Preliminary permits have been received and an application will be submitted imminently for a semi-detailed Environmental Impact Assessment (EIA ), approval of which would allow the Company to commence construction of the Project. The Company is now in the process of reviewing options to commence detailed engineering designs and tendering of construction contracts. As per prior updates, the Company is targeting commencement of construction of evaporation ponds prior to year-end 2017. In recent months, the Company has been working with the local community (the "Community") and the Communal Foundation of San Martin de Sechura (the "Foundation") to reach an agreement that will both aid the Community as well as create support for GrowMax's projects in the Bayovar area. On April 28, 2017, the Company, the Community and the Foundation executed an agreement that grants Community members free access to surface water, and excludes the use of surface water from the local La Nina lagoon and the existing Yerba Blanca well in the Company's mining activities. In return, the Community and the Foundation agree to support the Company in carrying out all necessary activities to progress its projects without delay. GrowMax also announces that it has retained the services of Renmark Financial Communications Inc. ("Renmark") to handle its investor relations activities. In consideration of the investor relations services to be provided, GrowMax will pay Renmark cash consideration of up to $8,000 CDN per month commencing June 1, 2017 for an initial six month period ending on November 30, 2017. Investor relations services may be provided thereafter on a month to month basis upon mutual agreement of GrowMax and Renmark. Renmark does not have any interest, directly or indirectly, in GrowMax or its securities, or any right or intent to acquire such an interest. "GrowMax is very pleased to announce these agreements and the progress of its SOP pilot project in Peru. We have secured our key asset not only with this Extension, allowing us to develop the SOP pilot project, but also through the agreement with the Community enabling us to continue working in a sustainable manner with our local partners. The relationships with the Community and our partners are critical to the development of this Project. We are also very pleased that the SRC testing has confirmed the viability of the SOP process for our Project. We now look forward to advancing our projects and being able to better communicate our strategies and progress through improved investor outreach and communications thanks to our new relationship with Renmark. We at GrowMax continue to work to deliver value to our shareholders and partners, and look forward to another year of progress," commented Stephen Keith, President of GrowMax. GrowMax Resources Corp. is a publicly listed Canadian company (Ticker GRO on TSX-V) focused on exploration and development of phosphate and potassium-rich brine resources on its Bayovar Property, which is located in the Sechura Desert in northwestern Peru. The Company's vision is to become a leading producer of phosphate and potash fertilizer products in Peru. GrowMax owns approximately 92% of GrowMax Agri Corp., a private company that owns 100% of the Bayovar Property, which currently covers approximately 227,000 gross acres. The Indian Farmers Fertiliser Co-operative Limited (IFFCO) and its affiliates own approximately 8% of GrowMax Agri Corp. Certain statements contained in this press release may constitute "forward-looking information" as such term is used in applicable Canadian and US securities laws. Any information or statements contained herein that express or involve discussions with respect to predictions, expectations, plans, projections, objectives, assumptions or future events should be viewed as forward-looking information. Such forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different than those results, performance or achievements expressed or implied by such forward-looking information. In particular, statements (express or implied) contained herein regarding the following should be considered as forward-looking information: the achievement of the Company's commitments and moving forward on the Bayovar Project, the viability of producing SOP, the Company's 5,000 tonnes per year SOP pilot project, the application for a semi-detailed Environmental Impact Assessment and timing thereof, the commencement of construction and timing thereof, the commencement of detailed engineering designs and tendering of construction contracts, the support of the Community and the Foundation, the progression of the projects without delay, the development of the SOP pilot project, the Company working in a sustainable manner with its local partners, advancing our projects, the communication of our strategies and progress, and delivering of value to our shareholders and partners. The Company cautions that it has not completed any feasibility studies on its potash project at Bayovar, and no mineral reserve or mineral resource estimates have been established for SOP on the Bayovar Property. Accordingly, the economic viability of the Bayovar potash project has not been established. For additional information, please refer to the news release entitled "GrowMax Announces Results of Sulfate of Potash Study" dated February 6, 2017. There is a risk that the Company will not acquire the necessary "social licence" to develop its assets and may not be able to enforce its existing contractual rights. Forward-looking information and statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking information or statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


TORONTO, ONTARIO--(Marketwired - May 24, 2017) - Appia Energy Corp. (the "Company or "Appia") (CSE:API)(CSE:API.CN)(CNSX:API)(OTC:APAAF)(FRANKFURT:A0I.F)(MUNICH:A0I.MU)(BERLIN:A0I.BE) is pleased to announce geochemical assay results from all seven drill holes of its winter diamond drilling program (the "Program", see News Release dated April 04, 2017) on its Loranger property (the "Property"), located 28 km southeast of Cameco's Rabbit Lake mill, Athabasca Basin, northern Saskatchewan. Six of seven drill holes returned assay results with greater than or equal to 0.01 wt% U O ("uranium mineralization", see Table 1 below for results). Geochemical assay results from drill hole LOR-17-004 returned a total composite down hole thickness of 72.9 m grading 0.012 wt% U O . Drill hole LOR-17-005 was drilled 150 m down-dip of LOR-17-004 and returned 26.4 m composite down hole thickness grading 0.014 wt% U O . Drill holes LOR-17-006 and LOR-17-007 were drilled 600 m and 1025 m SW along strike of LOR-17-004, respectively. LOR-17-006 intersected 56.85 m composite down hole thickness grading 0.012 wt% U O and LOR-17-007 intersected 10.3 m composite down hole thickness grading 0.016 wt% U O . Drill holes LOR-17-004 to LOR-17-007 were drilled in the historical Royal Canadian Ventures Grid No. 2 drilling area ("RCV area"). The RCV area has multiple lenses of uranium-bearing pegmatites extending from surface down to current vertical depth limit of 260 m and extending over 2,200 m along strike. The RCV area pegmatites remain open in all directions. See Figure 1 for drill hole locations and Figure 2 for cross-section interpretation of drill holes LOR-17-004 and LOR-17-005. The first three drill holes of the Program (LOR-17-001 to LOR-17-003) were drilled in a gravity low target area represented by intense brittle faulting and associated hydrothermal alteration. Drill hole LOR-17-001 intersected 0.011 wt% U O over 0.25 m at 211.0 m drill hole depth in unaltered pegmatite and LOR-17-003 intersected 0.010 wt% U O over 1.3 m at 98.6 m drill hole depth in clay altered semipelitic gneiss. In addition to U O , all gravity low target drill holes contain elevated boron (up to 404 ppm in LOR-17-002) throughout the faulted and altered zones. Elevated levels of boron (>100 ppm) are associated with some high-grade uranium Athabasca deposits and can be considered a critical element for Athabasca uranium exploration. Mr. James Sykes, VP Exploration and Development for Appia comments; "We are pleased with the results from the first drill hole program on the Loranger property. Both drill targeted areas successfully identified unique uranium-bearing systems on the property. We are planning a follow-up drill program to concentrate on geophysical targets that share similarities with the previously drilled areas. The Company remains well-funded to continue exploration on the Property. The drill is onsite and will be ready for a quick re-start as soon as lake ice is removed and ground conditions are favourable". Split core samples were taken arbitrarily over 0.1 to 1.4 m core lengths to correlate, as-best-as-possible, with scintillometer readings. Scintillometer ranges were not defined for sampling purposes. Field duplicates were taken systematically from every 20th split sample. All drill core samples were shipped from the project site and hand-delivered to the Saskatchewan Research Council's ("SRC") Geoanalytical Laboratory in Saskatoon, SK. Geochemical assay results were provided by SRC's Geoanalytical Laboratory, an ISO/IEC 17025:2005 (CAN-P- 4E) certified laboratory in Saskatoon, SK, for multi-element and U O analysis using the ICPMS, U O Assay and Boron Lab Packages (see SRC's Geoanalytical Laboratory's 2017 Services Schedule for information regarding laboratory sample preparation, quality assurance and quality control protocols; http://www.src.sk.ca/resource%20files/geoanalytical%20services%20schedule.pdf ). SRC's "Determination of U O wt% in Solid Samples" is accredited by the Standards Council of Canada (Scope of Accreditation #537). All geochemical results reported herein have passed rigorous internal QAQC review and compilation. Appia is a Canadian publicly-traded company in the uranium and rare earth sectors. The Company is currently focused on discovering high-grade uranium deposits in the prolific Athabasca Basin on its Loranger and Otherside properties, as well as high-grade REO and uranium surface showings on its Alces Lake joint venture. The company currently holds the surface rights to exploration for about 63,607 hectares (157,177 acres) in Saskatchewan. The company also has NI 43-101 compliant resources of 8.0 M lbs U O and 47.7 M lbs TREE Indicated and 20.1 M lbs U O and 133.2 M lbs TREE Inferred in the Teasdale Zone plus 27.6 M lbs U O Inferred in the Banana Lake Zone in the historic mining camp of Elliot Lake in Ontario (previously reported in the Company's news release dated August 14, 2013). The resources are largely unconstrained along strike and down dip The technical content concerning the Property and geochemical assay results in this news release was reviewed and approved by Thomas Skimming, P.Eng, a Director of Appia, and a Qualified Person as defined by National Instrument 43-101. Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report a significant increase in uranium grades from previously released preliminary radiometric probe results, following the receipt of uranium assays from the Company's winter 2017 drilling program on the 60% owned Wheeler River project. The winter 2017 exploration program involved a combination of infill drilling at the Gryphon deposit and resource expansion exploration drilling to the northwest of the Gryphon deposit. The Wheeler River project is host to the high-grade Gryphon and Phoenix uranium deposits, and is the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan. The Company currently reports preliminary radiometric equivalent grades ("eU O "), derived from a calibrated downhole total gamma probe, during its exploration programs and subsequently reports definitive assay grades following sampling and geochemical analysis of the mineralized drill core. In November 2015, the Company estimated the Gryphon deposit to contain inferred resources of 43.0 million pounds U O (above a cut-off grade of 0.2% U O ) based on 834,000 tonnes of mineralization at an average grade of 2.3% U O , occurring as a series of stacked lenses on various stratigraphic, fault-controlled planes within the basement rocks - termed the A, B, and C series lenses. Since then, a significant zone of new mineralization has been discovered and partially delineated to the northwest, termed the D series of lenses, in combination with the discovery of additional mineralization on the A and B planes. Taken together, results from exploration drilling since the beginning of 2016, has defined a mineralized zone that comprises multiple lenses spanning over 300 metres in strike length and remains open. Dale Verran, Denison's Vice President of Exploration, commented, "This set of Gryphon assay results have exceeded expectations - particularly for drill hole WR-633D3, which now ranks as the best hole to date in the D series of lenses. These results re-emphasize the potential of the D series lenses to add meaningful resources to the Gryphon deposit, ahead of a planned update to the resource estimate for the project. This summer, in addition to the ongoing infill drilling at Gryphon, we are planning to continue to explore the D lenses with the objective of defining high-grade zones and maximizing the indicated resources that will be included in the upcoming PFS." The Company is also pleased to report the assay results from its infill drilling program at the Gryphon deposit, including the results of a further 17 drill holes, totaling 8,402 metres. The results confirm the continuity and high-grades of Gryphon's A, B and C series inferred resources and indicate potential for resource growth with higher than expected assay grades compared to the inferred grade model in certain portions of the deposit. A further 18 drill holes are planned to be completed during the summer 2017 program to complete the infill program at Gryphon. Winter 2017 assay results for exploration drilling are provided in Table 1. Nine holes totalling 6,330 metres were completed outside of the current inferred resources estimated for the Gryphon deposit, including four holes targeting the Gryphon D series lenses, and five holes down-dip of the A and B series lenses. The highlights from these results illustrate the potential for meaningful resource expansion at Gryphon: In addition to exploration drilling to expand mineralization outside of the current Gryphon resource, the 2017 winter drilling program continued with infill and delineation drilling with the objective of increasing the level of confidence of the current inferred resources to an indicated level. Winter 2017 assay results from infill and delineation drilling are provided in Table 2, and represent an overall increase in grade and thicknesses of mineralization in comparison to the previously reported radiometric equivalent grade results (see Denison's press releases dated March 29, 2017 and April 20, 2017). Highlights from the infill results include the following results: A plan map of the Gryphon A, B, C and D series lenses is provided in Figure 1. The inset on Figure 1 shows a schematic cross section of the A, B, C and D series lenses and their respective inclined longitudinal section windows (as shaded rectangles). Figures 2 to 5 provide inclined longitudinal sections of the Gryphon A, B, C and D series lenses respectively. The modelled mineralized lenses shown in Figures 1 to 5 are defined using a 0.05% U O or eU O grade shell and minimum thickness of two metres. There is no certainty that the modelled mineralized lenses shown will constitute future mineral resources and they may be subject to modifications as further drilling data becomes available. To view Figures 1-5, please visit the following link: http://media3.marketwire.com/docs/denifigs0526.pdf Further details regarding the Gryphon deposit and the current mineral resource estimates are provided in the NI 43-101 Technical Report for the Wheeler River project titled "Preliminary Economic Assessment for the Wheeler River Uranium Project, Saskatchewan, Canada" dated April 8, 2016 with an effective date of March 31, 2016. A copy of this report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml. Drill core with anomalous total gamma radioactivity (>500 counts per second) was sampled over 0.5 metre intervals. Sampling is undertaken on site by splitting the core in half, with one half submitted for analysis and the other half retained in the core box for future reference. Uranium assays are performed by the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories using an ISO/IEC 17025:2005 accredited method for the determination of U O weight %. Sample preparation involves crushing and pulverizing core samples to 90% passing -106 microns. The resultant pulp is digested using aqua-regia and the solution analyzed for U O weight % using ICP-OES. Core recovery at Gryphon is typically 100% and therefore radiometric equivalent U O grades ("eU O ") are not required as a substitute for chemical U O assays. In addition to internal checks by SRC Geoanalytical Laboratories, the Company has rigorous quality assurance and quality control ("QAQC") procedures including the insertion of standard reference materials, blanks and field duplicates. The assay data is subject to verification procedures by qualified persons employed by Denison prior to disclosure. For further details on the assay, QAQC and data verification procedures please see Denison's Annual Information Form dated March 23, 2017 filed under the Company's profile on SEDAR (www.sedar.com). The following tables provide the detailed assay results from the drill holes completed during the winter 2017 exploration program at Wheeler River. The assay results are shown next to the previously reported radiometric equivalent results, and have been assigned a lens designation based on the stratigraphic position of the mineralized interval. Table 1: Winter 2017 assay results for exploration drilling outside of the Gryphon resource Dale Verran, MSc, Pr.Sci.Nat., Denison's Vice President, Exploration, who is a Qualified Person in accordance with the requirements of NI 43-101 has reviewed and approved the technical information contained in this release. Wheeler River is the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is a joint venture between Denison (60% and operator), Cameco Corp. ("Cameco") (30%), and JCU (Canada) Exploration Company Limited ("JCU") (10%), and is host to the high-grade Gryphon and Phoenix uranium deposits discovered by Denison in 2014 and 2008, respectively. The Gryphon deposit is hosted in basement rock and is currently estimated to contain inferred resources of 43.0 million pounds U3O8 (above a cut-off grade of 0.2% U3O8) based on 834,000 tonnes of mineralization at an average grade of 2.3% U3O8. The Phoenix unconformity deposit is located approximately 3 kilometres to the southeast of Gryphon and is estimated to include indicated resources of 70.2 million pounds U3O8 (above a cut-off grade of 0.8% U3O8) based on 166,000 tonnes of mineralization at an average grade of 19.1% U3O8, and is the highest grade undeveloped known uranium deposit in the world. On April 4th, 2016, Denison announced the results of a Preliminary Economic Assessment ("PEA") for the Wheeler River Project, which considers the potential economic merit of co-developing the high-grade Gryphon and Phoenix deposits as a single underground mining operation. The PEA returned a base case pre-tax Internal Rate of Return ("IRR") of 20.4% based on the current long term contract price of uranium (US$44.00 per pound U O ), and Denison's share of estimated initial capital expenditures ("CAPEX") of CAD$336M (CAD$560M on 100% ownership basis). Exploration results from the subsequent drilling programs have not been incorporated into the resource estimate or the PEA. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. On July 19th, 2016 Denison announced the initiation of a Pre-Feasibility Study ("PFS") for the Wheeler River property and the complimentary commencement of an infill drilling program at the Gryphon deposit to bring the inferred resources to an indicated level of confidence. As previously announced on January 10, 2017, Denison has entered into an agreement with its Wheeler River Joint Venture partners, Cameco and JCU, to fund 75% of Joint Venture expenses in 2017 and 2018 (ordinarily 60%) in exchange for an increase in Denison's interest in the project to up to approximately 66%. Under the terms of the agreement, Cameco will fund 50% of its ordinary 30% share in 2017 and 2018, and JCU is expected to continue to fund its 10% interest in the project. Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan. Including its 60% owned Wheeler River project, which hosts the high-grade Phoenix and Gryphon uranium deposits, Denison's exploration portfolio consists of numerous projects covering over 330,000 hectares in the infrastructure rich eastern Athabasca Basin. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposit and a 63.01% interest in the J Zone deposit on the Waterbury Lake property. Both the Midwest and J Zone deposits are located within 20 kilometres of the McClean Lake mill. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride. Certain information contained in this press release constitutes "forward-looking information", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the negatives and/or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". In particular, this press release contains forward-looking information pertaining to the following: the likelihood of completing and benefits to be derived from corporate transactions; use of proceeds from financing activities; expectations regarding further studies on material properties, including the PFS; expectations regarding the toll milling of Cigar Lake ores; expectations regarding revenues and expenditure from operations at DES; expectations regarding Denison's ownership interests and continuity of agreements with its partners; expectations regarding the provision of management services to UPC; capital expenditure programs, estimated exploration and development expenditures and reclamation costs and Denison's share of same; and exploration, development and expansion plans and objectives and statements regarding anticipated budgets. Statements relating to "mineral reserves" or "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and may differ materially from those anticipated in this forward looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 23, 2017 under the heading "Risk Factors". These factors are not, and should not be construed as being exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This press release may use the terms "measured", "indicated" and "inferred" mineral resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.


News Article | May 23, 2017
Site: www.marketwired.com

VANCOUVER, BC--(Marketwired - May 23, 2017) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce that the last outstanding assays from the winter drilling program have been received from holes testing the Ōrora Zone at the Christie Lake Project. A two-phase exploration drilling program with a combined budget of up to $2.5 million has been approved by the project partners with the sole focus of expanding the Ōrora Zone. Preparations for the summer campaign, including exploration permitting, are currently underway. UEX anticipates commencing the summer drill program in late June. These composite assay intervals confirm the REG grades previously reported in UEX's News Release of April 26, 2017. True widths are anticipated to be approximately 80-85% of the mineralized core length. The Ōrora Zone discovery has so far been defined over a minimum strike length of 65 m and has a width of at least 20 m at its southwestern end. The ultimate width of the Ōrora Zone at the unconformity has not yet been defined by drilling. Most importantly, Ōrora remains open for expansion along strike to the southwest and to the northeast and down-dip to the southeast into the basement. Due to extensive core loss within the mineralized interval in hole CB-109-1, the Company was unable to confirm the results of the radiometric equivalent grades in this hole announced in the UEX News Release of April 26, 2017 (0.24% eU O over 1.5 m from 467.65 to 469.15 m). Assays from a minor mineralized interval located 22 m down hole from this REG interval returned minor uranium mineralization averaging 0.34% U O over 0.4 m from 490.3 to 490.7 m. For a location of the Ōrora Zone mineralized intersections, please refer to Figure 1. UEX and JCU have approved a summer program with the sole objective of expanding the size of the Ōrora Zone. Initially, the program will be focused on expanding the Ōrora Zone in 25 m increments along strike in the direction of historic uranium mineralized hole CB-049, located approximately 75 m to the southwest of hole CB-116A (see Figure 1). UEX is also planning to target extension of the Ōrora Zone to the northeast along strike, and down-dip into the basement. The summer campaign is a two-phase program with a combined budget of up to $2.5 million utilizing two drills and will consist of up to 20 drill holes totaling 9,000 m. UEX will be using directional drilling to assist with targeting precision, reducing the overall meterage needed to test for extensions of the Ōrora Zone. UEX announces that Mr. Ed Boney is no longer the Chief Financial Officer (CFO") of the Company. Roger Lemaitre, the Company's CEO, will act as Interim CFO while the Company conducts an executive search to identify a permanent CFO. Continuity in financial reporting in the interim will be handled by the Company's Manager of Financial Reporting, Valerie Chen, CPA, CA. The eU O grades were estimated in-situ within the drill holes using calibrated down-hole radiometric gamma probes. Samples from all holes have been collected for assay analysis to confirm these equivalent grades. The samples will be analyzed at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan, with results expected in the coming weeks. The details on how eU O was calculated from the probe grades were outlined in our press release of May 24, 2016. UEX currently holds a 30% interest in the Christie Lake Project and is working under an option agreement to earn up to a 70% interest. The Project is located approximately 9 km northeast and along strike of Cameco's McArthur River Mine, the world's largest uranium producer. The P2 Fault, the controlling structure for all of the McArthur River deposits, continues to the northeast beyond the mine. UEX believes that through a series of en-echelon steps the northeast strike extension of the P2 Fault not only crosses the Project but also controls the three known uranium deposits on Christie Lake, the Ōrora, Paul Bay and Ken Pen Deposits. The Paul Bay and Ken Pen Deposits are estimated to host a combined 20.87 million pounds of U O at an average grade of 3.22% U O and were discovered in 1989 and 1993 respectively. This is a historic resource estimation which does not use resource classifications consistent with NI 43-101. The historical resource estimate was presented in an internal report titled Christie Lake Project, Geological Resource Estimate completed by PNC Tono Geoscience Center, Resource Analysis Group, dated September 12, 1997. The historical resource was calculated using a 3 D block model using block sizes of 2 m by 2 m by 2 m, and block grades interpolated using the inverse distance squared method over a circular search radius of 25 m and 1 m height. Specific gravities for each deposit were averaged from specific gravity measures of individual samples collected for assay. UEX plans to complete additional infill drilling on the deposits during the option earn-in period to upgrade these historic resources to indicated and inferred. A qualified person has not done sufficient work to classify the historic estimate as current mineral resources or mineral reserves. UEX is not treating the historic estimate as current mineral reserves or mineral resources and the reader is advised not to rely upon this historical estimate as a resource estimate. Technical information in this news release has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX's President and CEO and Trevor Perkins, P.Geo., UEX's Exploration Manager, who are each considered to be a Qualified Person as defined by National Instrument 43-101. UEX (TSX: UEX) ( : UEXCF) ( : UXO) is a Canadian uranium exploration and development company involved in fourteen uranium projects, including three that are 100% owned and operated by UEX, one joint venture with AREVA Resources Canada Inc. ("AREVA") that is operated by UEX, as well as eight joint ventures with AREVA, one joint venture with AREVA and JCU (Canada) Exploration Company Limited, which are operated by AREVA, and one project (Christie Lake) under option from JCU (Canada) Exploration Company Limited and operated by UEX. The fourteen projects are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which in 2015 accounted for approximately 22% of the global primary uranium production. UEX is currently advancing several uranium deposits in the Athabasca Basin which include the Christie Lake deposits, the Kianna, Anne, Colette and 58B deposits at its currently 49.1%-owned Shea Creek Project (located 50 km north of Fission's Triple R Deposit and Patterson Lake South Project, and NexGen's Arrow Deposit) the Horseshoe and Raven deposits located on its 100%-owned Horseshoe-Raven Development Project and the West Bear Deposit located at its 100%-owned Hidden Bay Project. JCU is a private company that is actively engaged in the exploration and development in Canada. JCU is owned by three Japanese companies. Amongst these, Overseas Uranium Resources Development Co., Ltd. ("OURD") acts as the manager of JCU. JCU has partnerships with UEX, AREVA, Cameco, Denison and others on uranium exploration and development projects in the Athabasca Basin of Northern Saskatchewan including Millennium and Wheeler River and the Kiggavik project in the Thelon Basin in Nunavut. This news release may contain statements that constitute "forward-looking information" for the purposes of Canadian securities laws. Such statements are based on UEX's current expectations, estimates, forecasts and projections. Such forward-looking information includes statements regarding UEX's drill hole results, the likelihood of REG and scintillometer results being confirmed by assays, mineral resource and mineral reserve estimates, outlook for our future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. Such forward-looking information is based on certain factors and assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties relating to interpretation of drill results and geology, reliability of REG results produced by the Company's down-hole probing system, scintillometer results, assay confirmation, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies as operators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other laws affecting uranium exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable Canadian securities commissions on SEDAR. Many of these factors are beyond the control of UEX. Consequently, all forward-looking information contained in this news release is qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.


YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) reports Ekati Diamond Mine and Diavik Diamond Mine fourth fiscal quarter 2017 (November through January) sales and Ekati Diamond Mine production results. Unless otherwise specified, all financial information is presented in U.S. dollars. (1) Excluded from the Ekati sales recorded in the fourth quarter of fiscal 2017 were $5.1 million from the sale of pre-commercial production from the Misery Main open pit. (2) Excluded from the Ekati sales recorded in the fourth quarter of fiscal 2016 were $2.5 million from the sale of pre-commercial production from the Misery Northeast pipe. Sales Ekati and Diavik Rough Diamond Sales The Company recorded total fourth quarter fiscal 2017 sales of $129.9 million from the sale of 1.4 million carats. Total rough diamond sales decreased 27% in the fourth fiscal quarter compared to the same period in the prior year. This was due primarily to a reduction in the goods available for sale following the process plant fire at the Ekati Diamond Mine. Sales in the quarter were also negatively affected by the disruption in normal trading activity following the demonetization of the Indian rupee in November 2016. Total carats sold in the fourth fiscal quarter increased by 24% from the same period in the prior year, due primarily to the availability for sale of rough diamonds from high grade Misery Main ore. Total carats sold in the fourth fiscal quarter of the prior year were negatively impacted by the decision to hold back lower-than-average priced inventory due to a weakened diamond market. Three rough diamond sales were held during the quarter. The Company plans to hold two rough diamond sales in the first quarter of fiscal 2018. (1) Excluded from the Ekati sales recorded in fiscal 2017 is pre-commercial production from the Misery Main, Misery Northeast and Pigeon pipes. During the fourth quarter of fiscal 2017, the Company sold pre-commercial production from the Misery Main open pit for proceeds of $5.1 million (Q4 fiscal 2016 - $2.5 million from the sale of pre-commercial production from Misery Northeast). For the year ended January 31, 2017, the Company sold pre-commercial production for proceeds of $27.2 million (year ended January 31, 2016 - $9.5 million from the sale of pre-commercial production from Misery Northeast). (2) Figures may not add up due to rounding. The Diamond Market The market ended the year on a positive note despite the divergence between the resilient market for larger better goods and the more challenging situation for the smaller cheaper goods. The Christmas season in the U.S. failed to meet market expectations, but this was balanced out by renewed retail activity over the Chinese New Year, resulting in an anticipated rise in polished demand from China in the first quarter of 2017. The Indian retail market has started to recover from the jewelers’ strike in the middle of the year and the impact of demonetization of the Indian rupee towards year-end. The latter is expected to continue to have a dampening effect on the Indian retail jewelry market in the short-term, with demand expected to return to normal in this sector by the fall of 2017. Much of the manufacturing sector that focuses on lower price rough diamonds was brought to a standstill by the demonetization. However, the segment of the manufacturing sector that focuses on higher priced rough diamonds, and produces primarily for the export market, has been less disrupted. (1) As different ore sources are blended during processing, carats and grade per pipe are estimated using the block models for the ore processed from each pipe, adjusted for the overall reconciliation of total carats recovered against the model. The total carats produced include all incremental production arising as a result of the changes made to the Ekati process plant to improve diamond liberation. (2) The Misery Satellites include the Misery South and Southwest satellite pipes, which are inferred mineral resources, and Misery Northeast material. Approximately 2,500 tonnes of Northeast material was processed during the year ended January 31, 2017, at an average grade of 0.98 carats per tonne. The Northeast material is not included in the mineral reserves or mineral resources, and is therefore incremental production. (3) This material is not included in the mineral reserves or mineral resources and is therefore incremental production. (4) Figures may not add due to rounding. Diavik Production The Diavik Diamond Mine production results for the fourth calendar quarter of 2016 were released on January 16, 2017. Diavik reports to the calendar year ending December 31, and Ekati reports to the fiscal year ending January 31. The Company does not report Diavik fiscal production results. Open pit mining will take place at all pipes, with the exception of Koala, where mining is underground. Processed ore and recovered carats will be sourced from the following kimberlite pipes in the approximate proportions noted below: (1) Misery Southwest pipe is currently an inferred mineral resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the Operating Case will be realized. Fox Deep Drilling Program The Company has received the results of a reverse circulation drilling campaign conducted this winter at the Fox pipe, below the previously-mined open pit. Three holes, with a drill hole diameter of approximately 24 inches, were drilled to depths ranging from 448 metres to 600 metres, producing a sample of approximately 1,000 dry tonnes. The Saskatchewan Research Council processed the drill hole interval samples, and a total of 378 carats were recovered at a 1.0 millimetre bottom cut-off, for an average bulk sample grade of 0.38 carats per tonne. Based on these encouraging results, a prefeasibility study is now underway at Fox Deep, and is expected to be completed in late fiscal 2018. Qualified Person The scientific and technical information contained in this press release has been prepared and verified by Dominion, operator of the Ekati Diamond Mine, under the supervision of Peter Ravenscroft, FAusIMM, of Burgundy Mining Advisors Ltd., an independent mining consultant, and a Qualified Person within the meaning of National Instrument 43-101 of the Canadian Securities Administrators. For further details and information concerning the Company’s mineral reserves and mineral resources at the Ekati Diamond Mine, please refer to the technical report entitled “Ekati Diamond Mine, Northwest Territories, Canada, NI 43-101 Technical Report” that has an effective date of July 31, 2016, which can be found on the Company’s profile at www.sedar.com and on the Company’s website at www.ddcorp.ca. Cautionary Statement Regarding Preliminary Results The Company cautions that the Company’s fourth quarter and year-end sales results disclosed in this news release are preliminary and reflect expected fourth quarter year-end sales results as of the date of this news release. Actual reported results are subject to final review and may vary from what is currently expected because of a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied. In addition, the preliminary results contained in this news release do not include all of the measures of financial performance that would be disclosed in the Company’s annual financial statements. The Company will provide additional financial information and related discussion and analysis about its fourth quarter and year-end financial results when it reports those actual results. Forward-Looking Information Certain information included herein, including information about mining activities and other plans at the Ekati Diamond Mine, estimated production from the Ekati Diamond Mine and expectations concerning the diamond industry, constitutes forward-looking information or statements within the meaning of applicable securities laws. Forward-looking information is based on certain factors and assumptions including, among other things, the current mine plan for the Ekati Diamond Mine; mining, production, construction and exploration activities at the Ekati Diamond Mine; currency exchange rates; world and US economic conditions; future diamond prices; and the level of worldwide diamond production. Forward-looking information is subject to certain factors, including risks and uncertainties, which could cause actual results to differ materially from what the Company currently expects. These factors include, among other things, the uncertain nature of mining activities, including risks associated with underground construction and mining operations, risks associated with joint venture operations, risks associated with the remote location of and harsh climate at the Company’s mining properties, variations in mineral reserve and mineral resource estimates, grade estimates and expected recovery rates, failure of plant, equipment or processes to operate as anticipated, risks associated with regulatory requirements, the risk of fluctuations in diamond prices and changes in US and world economic conditions, the risk of fluctuations in the Canadian/US dollar exchange rate and cash flow and liquidity risks. Actual results may vary from the forward-looking information. Readers are cautioned not to place undue importance on forward-looking information, which speaks only as of the date of this disclosure, and should not rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking information, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company's filings with Canadian and United States securities regulatory authorities and can be found at www.sedar.com and www.sec.gov, respectively. About Dominion Diamond Corporation Dominion Diamond Corporation is a Canadian diamond mining company with ownership interests in two major producing diamond mines. Both mines are located in the low political risk environment of the Northwest Territories in Canada. The Company operates the Ekati Diamond Mine, in which it owns a controlling interest, and also owns 40% of the Diavik Diamond Mine. It supplies premium rough diamond assortments to the global market through its sorting and selling operations in Canada, Belgium and India. For more information, please visit www.ddcorp.ca


VANCOUVER, British Columbia, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce the first drill hole of the 2017 winter exploration program on the Moore Lake Uranium Project (the “Project”) intersected high grade uranium mineralization within the Main Maverick Zone lens. Hole ML-199 returned geochemical assays of 20.8% U O over 1.5 metres from 264.0 to 265.5 metres downhole, with corresponding handheld spectrometer counts of 27,500 to 57,000 counts per second (“cps”). This high grade interval occurred within a broader zone of anomalous radioactivity as identified by downhole probing. A combined geochemical and grade equivalent for the hole returned 6.0% U O over 5.9 metres from 261.6 to 267.5 metres. Jordan Trimble, President and CEO of Skyharbour Resources, states: “The preliminary results from early in this first phase of drilling at Moore have far exceeded our expectations and I would like to congratulate our geological team on their work thus far. The presence of high grade uranium mineralization in the first hole ML-199 is highly encouraging as well as the notable mineralization in hole ML-202 which appears to be the discovery of a new, high grade mineralized lens along strike from the Main Maverick Zone. The target areas in and around the Maverick Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic and proven exploration methodology. The early success of the program has prompted Skyharbour to expand the planned drill program from 3,500m to 4,500m with the program currently underbudget. The Company is fully funded to complete this drill program and will provide updates as results become available.” The Company has now completed five drill holes in this first phase of drilling at the Moore Lake Uranium Project with high levels of radioactivity and uranium mineralization encountered in three of them. Drill holes ML-199 and ML-200 tested gaps and the margins of the Main Maverick lens and ML-202 was drilled as a 75 metre step-out hole E-NE from the eastern margin of the Main Maverick Zone. Skyharbour’s technical team believes drill hole ML-202 represents the discovery of a new high grade mineralized lens on the property. Hole ML-199 intersected a broad zone of intensely faulted and desilicified sandstone and the Athabasca unconformity was interpreted at 269.6 metres depth. A combined geochemical and grade equivalent for the hole returned 6.0% U O over 5.9 metres from 261.6 to 267.5 metres including geochemical assays of 20.8% U O over 1.5 metres from 264.0 to 265.5 metres downhole. Hole ML-200 intersected uranium mineralization straddling the unconformity at 274.4 metres. The downhole probe returned a grade equivalent of 1.71% eU O over 7.2 metres from 269.1 to 276.3 metres including 3.3% eU O over 4.6 metres from 269.2 to 273.8 metres. The latter interval corresponds with spectrometer values ranging from 1,100 to 29,400 cps. Final geochemical assays are still pending for the hole. Hole ML-202 intersected uranium mineralization straddling the unconformity and extending into the clay-replaced and altered, weakly graphitic pelitic and granitic basement rocks. Downhole probing identified a 10.7 metre mineralized interval from 266.6 to 277.3 metres that returned 1.4% eU O . This includes 2.1% eU O over 6.5 metres, which includes a higher grade zone of 5.6% eU O over 1.8 metres from 274.2 to 275.7 metres downhole. Core recovery within this mineralized zone was relatively good and geochemical assays are pending at this time. This hole potentially represents the discovery of a new high grade mineralized lens on the property. ML-201 deviated off target to the north, whereas ML-203 deviated off target to the south. Nonetheless, both holes intersected structurally disrupted and strongly altered sandstone and basement rocks and will likely require follow-up. The early success of the current drill program has prompted the company to expand it from 3,500m to 4,500m consisting of 14 to 16 holes ranging in depth from 200m to 500m. The drill program is currently underbudget and is progressing quickly and smoothly. The Company is currently drill testing the 527 Zone located 500 metres E-NE and  along strike of the Main Maverick Zone lens before finishing the program back at the main Maverick Zone and on targets located along the Maverick structural corridor to the west and south. In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Lake project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 20 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River mine. Unconformity style uranium mineralization was discovered on the Moore Lake project at the Maverick Zone in April 2001. Historical drilling highlights include 4.03% e U O over 10 metres (including 1.4 metres at 20% e U O ) starting at a depth of 265 metres in hole ML-61. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is accessible via winter and ice roads which simplifies logistics and lowers costs. The majority of this first phase of drilling will test and look to expand the Maverick Zone with targets both in the underlying basement rock as well as along strike of the known high grade Main Maverick mineralized lens. Additionally, drill holes will test the 527 Zone which is located along the Maverick structural corridor approx. 500 metres  east of the main Maverick mineralized lens. This phase of diamond drilling will also test drill targets along the extensions of the Maverick structural corridor and on extensive northeast trending graphitic structural zones located north of the main Maverick mineralized lens. These targets have been identified following a review of previous exploration and include drill targets identified by prior programs that have yet to be followed up on. Using down-hole probes to calculate radiometric equivalent grades is a common practice by uranium mining companies in the Athabasca Basin, particularly when there is significant core loss through the mineralized interval. All of the holes referred to herein were probed downhole by the on-site geologists using a Mount Sopris winch and Matrix Logging console in conjunction with a Mount Sopris 2GHF probe which utilizes a sodium iodide crystal and two Geiger-Mueller tubes to collect accurate downhole readings when passing through high grade uranium mineralization. The data collected from these calibrated probes is then used to calculate equivalent grade uranium values. All spectrometer readings were made with a Radiation Solutions Super Spec spectrometer with a 6.3 inch Sodium Iodide detector. It should be noted that spectrometer readings are relative and cannot be directly correlated to grade and are only used as a preliminary guide to identifying areas containing radioactive minerals. Actual grades can only be determined by geochemical assay. All geochemical analysis was performed by the Saskatchewan Research Council (SRC) in Saskatoon, a Standards Council of Canada (CCRMP) certified analytical laboratory with unique expertise in Uranium analytical techniques. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person. Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines to acquire 100% of the Moore Lake Uranium Project which is located 20 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore Lake is an advanced stage uranium exploration property with over $30 million in historical exploration, 370 diamond drill holes, and a high-grade uranium zone known as the Maverick Zone with drill results including 4.03% e U O over 10 metres at a vertical depth of 265 metres. The Company owns a 100% interest in the Falcon Point (formerly Way Lake) Uranium Project on the eastern perimeter of the Basin which hosts an NI 43-101 inferred resource totaling 7.0 million pounds of U O at 0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also hosts a high-grade surface showing with up to 68% U O in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. Skyharbour also has a 50% interest in the large, geologically prospective Preston Uranium Project proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit. The Company’s 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco with partners Denison Mines and AREVA, where high-grade uranium mineralization was recently discovered. Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. To find out more about Skyharbour Resources Ltd. (TSX-V:SYH) visit the Company’s website at www.skyharbourltd.com. For further information contact myself or: Nick Findler Corporate Development and Communications Skyharbour Resources Ltd. Telephone: 604-639-3850 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@skyharbourltd.com NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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