- Terra Clean Energy (CSE:TCEC) has begun an up to 2,500-metre drilling program on its South Falcon East uranium project, which is located 18 kilometres outside the edge of the Athabasca Basin
- The project’s Fraser Lakes B uranium deposit was estimated at about 7 million pounds of triuranium octoxide inferred in 2015
- Terra Clean Energy, formerly Tisdale Clean Energy, is a Canadian-based uranium exploration and development stock
- Terra Clean Energy stock has given back 64.71 per cent year-over-year
Terra Clean Energy (CSE:TCEC) has begun an up to 2,500-metre drilling program on its South Falcon East uranium project, which is located 18 kilometres outside the edge of the Athabasca Basin.
The project, optioned for an up to 75 per cent interest from SkyHarbour Resources, yielded uranium mineralized pegmatites and graphitic pelitic paragneiss during initial drilling in 2024, providing management with a multitude of targets to harvest exploration upside.
The Winter 2025 drilling program will follow-up on last year’s progress backed by historical drilling and a north-northwest trending structure suggestive of high-grade unconformity-related basement-hosted uranium.
Results will inform an updated NI 43-101 resource estimate and deposit model for the project’s main Fraser Lakes B uranium deposit. Skyharbour’s 2015 resource estimate details 6,960,681 pounds of triuranium octoxide (U3O8) inferred at an average grade of 0.03 per cent U3O8 and 5,339,219 pounds of thorium dioxide (ThO2) inferred at an average grade of 0.023 per cent ThO2.
Leadership insights
“We are very happy to be getting back on the ground at South Falcon East and continue what we started in 2024,” Trevor Perkins, vice president of exploration at Terra Clean Energy, said in a statement. “We are eager to expand the existing deposit as well as characterize and explore the identified north-northwest structure and related complexity. This is presenting the ideal structural scenario where uranium sourced from the mineralized pegmatites and surrounding rock can be concentrated and give us a high-grade basement deposit. This has been seen at other deposits, and we want to find it here.”
“We have a unique and exceptional exploration opportunity that includes continuing to expand the Fraser Lakes B uranium deposit, which is open in all directions and at depth, as well as pursuing high-grade basement-hosted uranium deposits,” Perkins added. “The team is very excited about the prospects identified and eager to unlock the abundance of value for shareholders.”
About Terra Clean Energy
Terra Clean Energy, formerly Tisdale Clean Energy, is a Canadian-based uranium exploration and development stock.
Terra Clean Energy stock (CSE:TCEC) last traded at C$0.24 per share. The stock has given back 64.71 per cent year-over-year.
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(Top photo from early 2024 drilling at South Falcon East: Terra Clean Energy)
