Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.

February 25, 2008 10:54 ET

Skyharbour Resources' Drilling Program Begins on South Bay Cu-Zn-Ag Project, Red Lake, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2008) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) (the "Company") announces the start of its drilling program on its 100% owned South Bay copper-zinc-silver project, located in Dent and Mitchell Townships about 80 km east-northeast of Red Lake, Northwestern Ontario. The 3,200 acres property covers the former South Bay copper-zinc-silver mine which produced 1.6 million tons of ore grading 2.3% Cu, 14.5% Zn, and 3.5 oz/t Ag (Selco 1978).

South Bay Claims Map, NW Ontario:
http://www.skyharbourltd.com/s/Image.asp?i=maps/SYH_South_Bay_Map_new.jpg

Several ice pads have been constructed to accommodate the diamond drill rig with approximately 8 sites. Ice roads have been constructed to allow for movement of the drill crews from camp to the drill sites. At this time there is approximately 30 inches of blue ice at all drill pads on Confederation Lake.

In preparation for the drilling program, Skyharbour completed a Quantec "Titan-24" geophysical survey over the property in February 2007. A total of 22 line kilometres were surveyed. The primary objective of the Titan-24 survey was to identify Direct Current, Induced Polarization (DCIP) and Magnetotelluric (MT) anomalies, which may represent copper-zinc-silver Volcanic Massive Sulfide (VMS) mineralization similar to the South Bay copper-zinc-silver deposit. The Titan-24 survey responses over the South Bay Mine deposit were used as a "Calibration Model" for prioritizing anomalies in the area.

The known VMS base metal deposits in the Confederation assemblage are found in and near volcanic centres and are reflected by the presence of coarse rhyolitic breccias intruded by sub-volcanic quartz porphyries. The largest known deposit of this type in the area was the South Bay Mine which produced 1.6 million tons of ore grading 2.3% Cu, 14.5% Zn, and 3.5 oz/t Ag (Selco 1978). This deposit was mined from 1970 to 1982 to a depth of approximately 500 metres.

Past drilling has generally tested targets to depths of 300 metres with the odd drill hole being deeper. The Titan 24 survey was chosen for its 600+ metre depth penetration. The Titan 24 survey covered a conceptually favorable target area featuring pervasive sodium depletion crosscutting stratigraphy and a regional acid-mafic lithologic contact. The survey has successfully identified at least 11 anomalous zones that have been recommended for a follow-up drill program. Four of these zones have been classified as first priority targets (TA-1, 2, 3, and 4). These drill targets show a strong IP response coincident with DC and/or MT low resistivity; this signature is consistent with stringer to massive sulfide mineralization and alteration zones (i.e. similar to the South Bay Mine response).

Three dimensional modeling of the geophysical responses and known past drilling show that most of the targets have not been tested at all, or were very poor tests of the Titan 24 anomalies.

South Bay "Titan 24" Drill Targets Movie Clip:
http://www.skyharbourltd.com/s/SouthBay.asp?ReportID=147346

Skyharbour Resources is initially planning a drilling program consisting of 10 holes totaling 5000 metres to test the high priority Titan 24 anomalies. Probing of all holes is also planned to further define the targets.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, 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
    (604) 687-3119 (FAX)
    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