Core Viewpoint - Skyharbour Resources Ltd. and its partner Terra Clean Energy Corp. have reported encouraging results from the Winter 2025 drill program at the South Falcon East Uranium Project, indicating potential for higher-grade uranium discoveries in the area [1][6][7]. Group 1: Drill Program Results - The Winter 2025 drill program included seven diamond drill holes totaling 1,927 meters at the Fraser Lakes B Uranium Deposit, with 682 samples submitted for geochemical analysis [2][3]. - Significant mineralization was found in several drill holes, with hole SF0065 returning 18.1 meters at 0.03% U3O8, including a subinterval of 0.12% U3O8 over 1.6 meters [3]. - The northernmost hole, SF0067, returned 3.87 meters at 0.05% U3O8, with the best sample showing 0.17% U3O8 over 0.5 meters, indicating strong mineralization potential [3][4]. Group 2: Comparison with Previous Results - Lab results from the Winter 2025 program typically showed wider intervals of mineralization with higher grades compared to previous downhole gamma logging results, with variations averaging between +5% to +30% higher [4][5]. Group 3: Upcoming Drill Program - Terra plans a follow-up drill program in Summer 2025, consisting of approximately 2,500 meters of drilling to further explore areas identified in the Winter program [8][10]. - The upcoming program will target a high-priority area where multiple geological indicators for higher-grade uranium mineralization intersect [9][11]. Group 4: Project Overview - The South Falcon East Project covers approximately 12,464 hectares and is located 18 kilometers outside the Athabasca Basin, hosting the Fraser Lakes B Uranium-Thorium Deposit with a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ [12][13].
Skyharbour Partner Company Terra Clean Energy Announces Immediate Follow-Up Summer Drill Program on the Back of Drill Results from Winter Program at South Falcon East Uranium Project
Globenewswire·2025-07-21 12:00