Skyharbour Resources Ltd. (TSX-V: SYH) has commenced diamond drilling at the Getty East Uranium Joint Venture, marking the first phase of 2026 drilling at this property within the broader Russell Lake project area in northern Saskatchewan. The program, funded by joint venture partner Denison Mines Corp. under its earn-in option, is expected to consist of approximately 3,600 metres across ten to twelve drill holes. The Getty East Property covers 3,105 hectares and was established following a strategic restructuring of the former Russell Lake uranium project completed with Denison in December 2025.

Key Points

  • Skyharbour Resources Ltd. (TSX-V: SYH, OTCQX: SYHBF, Frankfurt: SC1P) announced the commencement of drilling at Getty East on October 7, 2026
  • Approximately 3,600 metres of drilling planned across ten to twelve holes, funded by Denison Mines under its earn-in option
  • Denison can earn up to a 70% interest in Getty East through staged exploration spending totalling C$15 million over seven years; Skyharbour currently holds a 70% interest and operates the program
  • Drilling will test the Little Man Lake Uranium Zone and priority targets along the interpreted Middle Lake trend extension

Getty East Drill Program Targets Little Man Zone and Middle Lake Trend Extension

The 2026 drill program at Getty East will initially place four holes at the Little Man Zone, an unconformity-hosted uranium zone defined along a 500-metre strike length at approximately 300 metres depth, with historical uranium grades ranging from 0.03% up to 0.10% U3O8. The remaining six to eight holes will test electromagnetic conductors on the Middle Lake Extension grid, interpreted as the extension of the same conductive trend that hosts high-grade uranium mineralisation on the Middle Lake trend to the south. Historical drilling on that adjacent trend by Uranerz in the 1980s returned results including 22.1% U3O8 over 0.9 metres in hole ML-30, though those results are located outside the Getty East boundary.

Geophysical Surveying Shapes Prioritised Drill Targets Across the Property

In preparation for drilling, Skyharbour completed approximately 36 line-kilometres of modified moving loop time-domain electromagnetic surveying combined with fixed loop time-domain electromagnetic surveying along six lines on the 108 line-kilometre Middle Lake Extension grid. The survey was carried out by EarthEX Geophysical Solutions Inc. and covered targets on both Getty East and the neighbouring RL Claims properties. Results integrated with historical drilling data have been used to refine and prioritise conductive corridors associated with the interpreted Middle Lake trend extension, providing the geological framework for the current drill campaign.

Russell Lake Joint Ventures Cover 73,314 Hectares in the Eastern Athabasca Basin

Getty East is one of four joint venture properties created when the former Russell Lake uranium project was restructured into separate agreements following the December 2025 strategic transaction with Denison, which included total project consideration of up to C$61.5 million. The broader Russell Lake Joint Ventures encompass 73,314 hectares strategically positioned between Cameco's Key Lake and McArthur River operations and adjacent to Denison's Wheeler River project. Skyharbour describes its portfolio as comprising 44 projects covering over 682,100 hectares across the Athabasca Basin, with the Russell Lake properties and the Moore Uranium Project serving as co-flagship assets.