SOURCE: Skyharbour Resources Ltd.

November 30, 2006 09:53 ET

Skyharbour Resources Ltd.: 3 Rainy River Properties West & Southwest of Rainy River Resources Gold Discovery Acquired in NW Ontario

VANCOUVER, BC -- (MARKET WIRE) -- November 30, 2006 --

TSX.V Trading Symbol: SYH       Telephone: (604) 687-3376
Email:   Facsimile : (604) 687-3119
Vancouver, BC -Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that the Company has signed 3 formal Option Agreements for the acquisition of a 100% interest in the D1, D2, and E Claim Blocks consisting of 108 units in approximately 1,750 hectares located in the Sifton, Tait, and Pattullo Townships of northwestern Ontario. The 3 properties are well located to the west and southwest of the #17, the #433, and the new ODM gold zones of Rainy River Resources Ltd. (TSX-V: RR) property. (See their news releases on November 1st, 3rd, and 9th)

Rainy River claims map: Area-all.gif

The newly acquired properties are located within extensions of the greenstone belt that is known to host the Rainy River Resources gold deposits. The attitude of the reported gold zones is similar to a series of interpreted northwest trending faults. These faults are very evident from the regional magnetic data and crosscut the volcanic belt along a 15 kilometre strike length. The northwest trending faults served as the focus for the emplacement of a number of late diabase dikes in the area. These structures appear to have been the focus of earlier gold mineralization that has been reactivated during emplacement of the dikes.

Rainy River Geological Map: Area-geomap.gif

The area has received only a preliminary exploration pass and a number of potential target areas remain untested. Extensive overburden cover in the area has resulted in overburden drilling being used as a primary exploration tool. The Company plans to use this method to further develop gold and base metal target areas.

Skyharbour Resources is of the belief that the deposits being outlined by Rainy River Resources at this time confirm the area as a mineral camp in its infancy of exploration. The land position with the crosscutting structures and well developed infrastructure now under option to Skyharbour Resources represent an excellent starting point in this emerging mineral camp.

The Company will embark on an aggressive mineral exploration program on its newly acquired ground at the beginning of 2007. A detailed overburden drill program will be undertaken, and grids are to be established immediately, to be able to conduct detailed ground geophysics as a lead into a drill program this winter.

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 is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 10 gold or base metal properties located in the Red Lake greenstone belt.

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company's website at

For further information on Rainy River Resources Ltd. (TSX-V: RR), visit their web site at .


                "Don Huston"
              Donald C. Huston

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.

Copyright © Hugin ASA 2006. All rights reserved.

Contact Information

  • For further information contact myself or:
    Don Myers
    Skyharbour Resources Ltd.
    VP Corporate Communications
    Telephone: 604-687-3376
    Toll Free: 800-567-8181
    Facsimile: 604-687-3119
    Email: Email Contact