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Highlights
Terra Clean Energy reports wide uranium mineralised zones at South Falcon East
Results from Winter drill program identify high-grade intersections along fault trends
Follow-up helicopter-supported drill campaign planned to expand discovery area
Uranium sector activity gained momentum as Terra Clean Energy (CSE:TCEC), a project partner of Skyharbour Resources (TSX-V:SYH), revealed geochemical assay results from its Winter 2025 diamond drilling campaign at the South Falcon East Uranium Project in Canada’s Athabasca Basin. Although the companies are not listed on Australian exchanges, ongoing uranium exploration continues to attract attention across global energy and resource investment communities, particularly in jurisdictions with strategic nuclear development plans.
The South Falcon East Project is situated within a region known for its high-grade uranium potential. Under the current agreement, Terra Clean Energy is working toward earning a majority interest in the project through staged exploration funding and cash/share contributions to Skyharbour.
Geochemical Assays Deliver Strong Intersections
The recent campaign comprised seven drillholes totalling over a kilometre in length at the Fraser Lakes B deposit. Sampling and laboratory analysis returned broad mineralised intervals with multiple drillholes intersecting elevated uranium values.
One of the more promising returns came from the easternmost hole, which yielded a wide mineralised zone hosted within pegmatitic and graphitic rock formations. Another northern drillhole delivered the program’s top assay result, reinforcing the geological trend along the northwest fault corridor. Company representatives noted an increase in grade toward the north, an indicator that drilling is progressing into more enriched zones.
Exploration Vice President Trevor Perkins highlighted the presence of structurally controlled mineralisation within altered geological packages as a significant advancement for the project’s targeting strategy.
Strategic Targeting and Structural Discovery Pathway
The South Falcon East deposit lies within a structurally complex zone of graphitic and pelitic gneisses, with associated hydrothermal alteration zones such as hematite and clay. The Winter program’s drillholes were strategically placed to test both stratigraphic controls and structural intersections believed to host uranium mineralisation.
The next phase of exploration will focus on testing a brittle north-northwest-trending structure interpreted to extend from the recent drilling zone. A helicopter-supported diamond drill program is expected to commence, involving several new holes to the north of the Winter campaign area. This follow-up initiative aims to confirm continuity and assess deeper or lateral extensions of the mineralised zones.
Exploration Partnership and Project Advancement Terms
Terra Clean Energy is progressing under an earn-in agreement that allows it to acquire majority control of the South Falcon East Project, contingent on meeting expenditure and payment milestones. A portion of the financial obligation may be fulfilled through equity settlement, further aligning both companies' interest in the project’s advancement.
Skyharbour Resources maintains ownership of the project during this phase and continues to support the strategic direction of its partner. Terra Clean Energy, with its uranium focus and expansion strategy within the Athabasca Basin, views South Falcon East as a central component of its broader development portfolio.
