Skyharbour assembles South Bay land package

Vancouver-based Skyharbour Resources (SYH-V) has optioned about 80 hectares adjoining its existing South Bay property in northwestern Ontario, consolidating a 6.4-sq.-km area around the old South Bay zinc-copper mine.

The property deal is with Red Lake prospectors Martin Bobinski and Antony Maciejewski, who receive 250,000 Skyharbour shares and $42,500 in cash over three years. Skyharbour is committing to $120,000 in exploration work. The company had already taken over a South Bay claim block held by one of its principals, Carl Huston.

South Bay produced from 1970 and 1982, hoisting 1.6 million tonnes of ore that graded 10% zinc and 1.5% copper. Skyharbour plans to explore previously untested geophysical and geochemical targets in South Bay’s rhyolite host rocks, and to use modern deep electromagnetic prospecting methods to explore for conductive massive sulphide bodies at depth.