Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.

December 21, 2007 14:32 ET

Skyharbour Resources Ltd.: Drilling Completed on Rainy River Block "D1" & "D2" Claims, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces a 2007 program of line cutting, geophysics, reverse circulation overburden drilling, and diamond drilling has now been completed on its Rainy River District Block "D1" and Block "D2" Claims properties in Northwestern Ontario.

Block "D1" and Block "D2" Claims properties cover 2240 acres and are located to the southwest of Rainy River Resources gold discoveries on their ODM zone and the #17 zone.

Rainy River Ontario Claims Map:

http://www.skyharbourltd.com/s/Image.asp?i=maps/20061129/SYH-RR-Area-all.gif

A total of 50 line kilometres of grid were cut with a line spacing of 50 metres. Horizontal loop and magnetometer surveys were carried out over 46 kilometres of cross lines in February 2007. A program of reverse circulation overburden drilling was carried out in February 2007. Overburden ranged from 29 to 47.7 metres in thickness.

Diamond drilling was carried out to test conductive geophysical responses and interpreted structures in the area up ice from sites with elevated pristine gold grain counts from the overburden drilling. A total of 2056 metres of BQ diamond drilling in 8 drill holes were completed on the properties between August 29th and September 23, 2007. All core has been sampled and analyzed. Core containing sulfide mineralization, alteration or veining was cut in half with one half sent for analysis. Indications of structure were encountered in all holes. Bedded sulfides (barren) and graphite were encountered in 3 of the 6 holes testing conductive features associated with structures on the property.

The stratigraphy and structures hosting gold mineralization on the nearby Rainy River Resources property are believed to dip to the southwest. These structures could occur at an unknown depth on the property and were not targeted during the recent drill program. Anomalous gold values from 50ppb to 300ppb Au over significant widths were encountered in drill holes R7D-1, R7D-2, and R7D-5.

The Phase 1 drill program was intended to test conductive geophysical responses and interpreted structures in the area up ice from sites with elevated pristine gold grain counts from the overburden drilling. Skyharbour Resources will compile and evaluate all data from the properties and adjoining area to determine future work programs.

David J. Busch, B.A., B.Sc., PGeo., VP of Exploration, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

About Skyharbour Resources Ltd.:

Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.

To find out more about Skyharbour Resources Ltd. (TSX VENTURE:SYH), visit the Company's website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C. HUSTON, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein 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 disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Skyharbour Resources Ltd.
    Donald C. Huston
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    or
    Skyharbour Resources Ltd.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@skyharbourltd.com
    Website: www.skyharbourltd.com