The company, which selected two of 15 previously identified target areas for preliminary drill testing, drilled five holes totaling 1,318m.

The holes included three in the Canoe Lake target area and two in the FSA target area.

Following completion of diamond drilling of electromagnetic (EM) conductors, Skyharbour identified anomalous radioactivity and sulphide mineralization associated with strongly altered hematite-chlorite-sericite and clay, as well as structurally disrupted lithologies, and in particular graphitic units with up to 25m wide.

In the Canoe Lake area, the company intersected a minimum of three well defined, hydrothermally altered and structurally disrupted graphitic conductors with sulphide mineralization.

Skyharbour tested an east-northeast trending airborne magnetic low coincident at two diamond drill holes in the FSA target area, which is located approximately 8km northwest of Canoe Lake.

The company said that the target is proximal to structurally deformed outcrop which returned anomalous uranium values of up to 45.7 ppm U from rock grab samples.

The partners are planning to undertake further exploration work at the project.

Skyharbour Resources president and CEO Jordan Trimble earlier said: "The two target areas we are drill testing provide strong discovery potential as we continue to value-add the project using a systemic and proven exploration methodology."

Located near Fission Uranium’s shallow, high grade Triple R deposit and NexGen Energy’s Arrow discovery in the Patterson Lake region of northwestern Saskatchewan, the Preston property is equally owned by Skyharbour Resources and Athabasca Nuclear.

Additionally, the property extends for about 40km along the contiguous east-west property border with NexGen’s flagship Rook-1 project.