Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.

February 01, 2007 09:00 ET

Skyharbour Resources Ltd.: Rainy River Overburden Drill Program to Begin in NW Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces that it has contracted with Heath and Sherwood Drilling to complete an overburden drill program on the Company's 100% owned "D1", "D2", and "E" claim blocks located in the Rainy River district of northwestern Ontario.

Rainy River Claims Map:

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

The overburden drill program will consist of approximately 35 holes for a total of 1,000 metres to be drilled. The properties appear to be underlain mainly by mafic effusive volcanic rocks. Much of the exploration in the area to date (Nuinsco / Rainy River Resources) has been by overburden drilling due to limited geological exposure. Skyharbour intends to conduct infill overburden drilling. Equipment is being mobilized to the Rainy River properties at this time.

Previous gold values encountered in tills in this area indicate potential for gold rich volcanogenic massive sulfide deposits. The bulk of the gold mineralization outlined to date on the Rainy River Resources property shows a clear alignment with crosscutting structures evident from regional geophysical (magnetic) data. Skyharbour has now established a grid on one of the properties and is proceeding with a detailed geophysical program at this time to further establish the stratographic and structural features as seen in previous airborne geophysics.

Results from the overburden drill program will further enhance drill targets on the Rainy River claims in preparation for a diamond drill program scheduled for early March 2007.

About Skyharbour Resources Ltd.:

Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 11 gold or base metal properties located in the Red Lake and Rainy River greenstone belt.

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

Don 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
    (604) 687-3119 (FAX)
    or
    Skyharbour Resources Ltd.
    Don Myers
    VP Corporate Communications
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@skyharbourltd.com
    Website: www.skyharbourltd.com