Business
Skyharbour Partner Company Terra Clean Energy Completes Winter Drill Program with Encouraging Results and Prepares a Significant Summer Drill Program at the South Falcon East Uranium Project
Vancouver, BC, April 01, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: ...
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":"Skyharbour Partner Company Terra Clean Energy Completes Winter Drill Program with Encouraging Results and Prepares a Significant Summer Drill Program at the South Falcon East Uranium Project\n\n\n\n Vancouver, BC, April 01, 2025 (GLOBE NEWSWIRE) --\n \n Skyharbour Resources Ltd.\n \n\n\n (TSX-V:\n \n\n\n SYH\n \n\n\n )\n \n\n\n\n (OTCQX:\n \n\n\n SYHBF\n \n\n\n )\n \n\n\n (Frankfurt:\n \n\n\n\n SC1P\n \n\n\n\n ) (\n \n “\n \n Skyharbour\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that partner company Terra Clean Energy Corp. (“Terra”, previously Tisdale Clean Energy) announced the completion of the winter drill program at the South Falcon East Uranium Project (the “Property”) which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake Uranium Mill and former mine. Skyharbour optioned the Project to Terra and under the Option Agreement assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash of which $6,500,000 can be settled for shares in the capital of Terra (“Shares”) over the earn-in period.\n \n\n\n\n\n Map of South Falcon East Project Claims:\n \n\n\n\n https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1\n \n\n\n\n\n\n\n Highlights:\n \n\n\n\n\n\n Six holes intercepted uranium mineralization\n \n\n Continuity across the deposit confirmed\n \n\n Drilling expands mineralized footprint\n \n\n\n\n\n Terra conducted a helicopter supported drill program at the Property with seven diamond drill holes completed for a total of 1,927m. The first three drill holes were reported in the press release dated March 10\n \n th\n \n , 2025.\n \n\n\n\n “With uranium present in six of seven holes drilled this winter, and the east and west of the property now tied together with mineralization, this was a very successful program, and we believe we have added significant value to the Property,” said Greg Cameron CEO of Terra Clean Energy. “We are seeing wider intervals of mineralization up to 75 metres and more consistent spikes of higher-grade uranium with 0.16% reported in Hole SF0065. The Fraser Lakes Uranium ...