Mr. Greg Cameron reports
TERRA CLEAN ENERGY CORP. REPORTS STRONG INITIAL RESULTS FROM THE AIRBORNE RADIOMETRIC & PHOTOGRAMMETRIC SURVEYS AT PROSPECTOR FREEDOM URANIUM PROJECT, UTAH; SUMMER EXPLORATION PROGRAM UNDERWAY
Terra Clean Energy Corp. has received highly encouraging initial results from recently completed airborne radiometric and photogrammetric surveys at its Prospector Freedom uranium property in Piute county, Utah. The company has also mobilized preparations for an extensive summer exploration program designed to rapidly advance the project toward drill-ready targets.
The Prospector Freedom project is located within a historically productive uranium district that has produced approximately
1.33 million pounds (lb)
U3O8
at reported average grades of 0.22 per cent*
and benefited from extensive historical exploration activity. Previous operators reported strong uranium grades and continuity along multiple mineralized trends, underscoring the district-scale potential for additional discoveries and future resource expansion.
Multiple high-priority uranium targets identified
The integrated airborne survey program was completed across the company's newly expanded 380-acre land package and has successfully identified several high-priority exploration zones exhibiting characteristics consistent with structurally controlled vein-style uranium mineralization. The survey was conducted by Land Survey Advisors, of Heber City, Utah, using a DJI Matrice 400 RTK quadcopter using terrain following and equipped with a Georadis D230A gamma ray spectrometer and a Zenmuse P1 45-megapixel mapping camera.
The radiometric survey outlined numerous discrete uranium anomalies associated with favourable host lithologies and established regional mineralized trends. These anomalies are interpreted as potential near-surface uranium-bearing zones and represent compelling follow-up targets for the company's upcoming field program.
In parallel, the photogrammetric survey delivered high-resolution 3-D digital topographic data and 2-D orthomosaic photographs over the property. This information has aided in identifying terrain features and shading, which may represent alteration corridors and spatially coincide with the identified radiometric anomalies. This is valuable for the development of a 3-D model of the property and will aid significantly in drill planning and targeting, significantly strengthening Terra's confidence in the exploration targets.
"The combination of radiometric and photogrammetric data has materially advanced our understanding of the Prospector Freedom project," stated Greg Cameron, chief executive officer of Terra . "We are especially encouraged by the strong correlation between radiometric anomalies and terrain features identified. This integrated data set has generated several compelling drill targets and provides a strong foundation for the next phase of exploration."
Strategic expansion of the property position
Earlier this year, Terra strategically expanded the Prospector Freedom project through the staking of an additional 14 Bureau of Land Management (BLM) lode claims surrounding the original six claims, substantially increasing the company's footprint to 380 acres within this highly prospective historical uranium district. The expanded land package was assembled following detailed historical data compilation and regional geological interpretation, securing additional prospective ground believed to host favourable uranium mineralization.
"We are excited with the data provided through these surveys," commented Trevor Perkins, vice-president fo exploration of Terra. "When combined with the digital data set we continue to compile for the property, numerous targets have been identified for follow-up and potential drilling, with the ultimate goal of a 3-D model and resource estimate on the horizon," continued Mr. Perkins.
Summer exploration program and drill permitting under way
Building on the positive survey results, Terra is now advancing a targeted summer exploration program that will include:
- Ground-truthing of airborne anomalies;
- Detailed geological mapping;
- Geochemical sampling;
- Structural interpretation and target refinement;
- Advancement of priority drill targets.
Drill permitting is actively under way. Land Survey Advisors, of Heber City, Utah, has been engaged to finalize permitting with the U.S. Bureau of Land Management and the Utah Division of Oil, Gas and Mining.
All exploration activities are being conducted in accordance with applicable regulatory requirements and industry best practices. Terra remains committed to responsible exploration and environmental stewardship as it advances the Prospector Freedom project.
About Terra Clean Energy Corp.
Terra Clean Energy is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project located in the Athabasca basin region, Saskatchewan, Canada, as well as past producing uranium mines in Utah and uranium exploration properties in Wyoming, United States. The company's strategy is to find and advance late-stage uranium projects to support growing demand for nuclear power and secure domestic mineral supply chains.
Qualified person
* The historical results, production and interpretation described here in have not been verified and are extracted from U.S. Geological Survey reports. The company has not completed sufficient work to confirm and validate any of the historical data contained in this news release. The historical work does not meet National Instrument 43-101 standards. The company considers the historical work a reliable indication of the potential of the Marysvale uranium district and the information may be of assistance to readers.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, PGeo, the company's vice-president, exploration, and a qualified person as defined by National Instrument 43-101.
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