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
Skyharbour Resources (SYHBF) announces completion of winter drilling program at South Falcon East Uranium Project by partner Terra Clean Energy. The program, consisting of seven diamond drill holes totaling 1,927m, yielded promising results with uranium mineralization in six holes.
Key findings include hole SF0065 showing 0.02% eU3O8 over 17.5m with peaks of 0.16% eU3O8, and SF0067 returning 0.03% eU3O8 over 4.0m. The drilling expanded the mineralized footprint and confirmed deposit continuity, with mineralization remaining open to the north and northeast.
The project, located 18km outside the Athabasca Basin and 50km east of Key Lake Uranium Mill, shows potential for open-pit mining due to shallow mineralization at 150m depth. Terra plans a follow-up summer drilling program targeting a possible basement-hosted unconformity uranium deposit.
Skyharbour Resources (SYHBF) annuncia il completamento del programma di perforazione invernale presso il progetto South Falcon East Uranium, realizzato dal partner Terra Clean Energy. Il programma, composto da sette fori di perforazione a diamante per un totale di 1.927 metri, ha fornito risultati promettenti con mineralizzazione di uranio in sei fori.
I risultati chiave includono il foro SF0065 che mostra 0,02% eU3O8 su 17,5 metri con picchi di 0,16% eU3O8, e SF0067 che restituisce 0,03% eU3O8 su 4,0 metri. La perforazione ha ampliato l'area mineralizzata e confermato la continuità del deposito, con la mineralizzazione che rimane aperta a nord e nord-est.
Il progetto, situato a 18 km al di fuori del bacino di Athabasca e a 50 km a est della fabbrica di uranio di Key Lake, mostra potenziale per l'estrazione a cielo aperto grazie alla mineralizzazione poco profonda a 150 metri di profondità. Terra prevede un programma di perforazione estiva di follow-up mirato a un possibile deposito di uranio ospitato in un basement non conforme.
Skyharbour Resources (SYHBF) anuncia la finalización del programa de perforación invernal en el proyecto South Falcon East Uranium, llevado a cabo por el socio Terra Clean Energy. El programa, que consiste en siete perforaciones diamantinas con un total de 1,927 metros, ha arrojado resultados prometedores con mineralización de uranio en seis perforaciones.
Los hallazgos clave incluyen el pozo SF0065 que muestra 0.02% eU3O8 sobre 17.5 metros con picos de 0.16% eU3O8, y el SF0067 que devuelve 0.03% eU3O8 sobre 4.0 metros. La perforación amplió la huella mineralizada y confirmó la continuidad del depósito, con la mineralización permaneciendo abierta al norte y noreste.
El proyecto, ubicado a 18 km fuera de la cuenca de Athabasca y a 50 km al este de la planta de uranio de Key Lake, muestra potencial para minería a cielo abierto debido a la mineralización poco profunda a 150 metros de profundidad. Terra planea un programa de perforación de seguimiento en verano que tiene como objetivo un posible depósito de uranio alojado en un basamento no conforme.
Skyharbour Resources (SYHBF)는 파트너인 Terra Clean Energy에 의해 South Falcon East Uranium 프로젝트에서 겨울 시추 프로그램의 완료를 발표했습니다. 이 프로그램은 총 1,927미터의 다이아몬드 시추 구멍 7개로 구성되어 있으며, 6개의 구멍에서 우라늄 광물화가 발견되는 유망한 결과를 나타냈습니다.
주요 발견 사항으로는 SF0065 구멍이 17.5미터에서 0.02% eU3O8을 보여주었고, 피크는 0.16% eU3O8에 달하며, SF0067은 4.0미터에서 0.03% eU3O8을 반환했습니다. 이번 시추는 광물화된 면적을 확장하고 매장층의 연속성을 확인했으며, 광물화는 북쪽과 북동쪽으로 계속 열려 있습니다.
이 프로젝트는 아타바스카 분지에서 18km 떨어진 곳에 위치하고 있으며, Key Lake 우라늄 밀에서 동쪽으로 50km 떨어진 곳에 있으며, 150미터 깊이의 얕은 광물화로 인해 노천 채굴의 잠재력을 보여줍니다. Terra는 가능한 기반암 호스팅 비정합 우라늄 매장층을 목표로 하는 여름 시추 프로그램을 계획하고 있습니다.
Skyharbour Resources (SYHBF) annonce l'achèvement du programme de forage hivernal au projet South Falcon East Uranium, réalisé par le partenaire Terra Clean Energy. Le programme, composé de sept trous de forage diamanté totalisant 1 927 m, a donné des résultats prometteurs avec une minéralisation d'uranium dans six trous.
Les résultats clés incluent le trou SF0065 montrant 0,02 % eU3O8 sur 17,5 m avec des pics à 0,16 % eU3O8, et le SF0067 restituant 0,03 % eU3O8 sur 4,0 m. Le forage a élargi l'empreinte minéralisée et confirmé la continuité du dépôt, la minéralisation restant ouverte au nord et au nord-est.
Le projet, situé à 18 km à l'extérieur du bassin d'Athabasca et à 50 km à l'est de l'usine d'uranium de Key Lake, montre un potentiel pour l'exploitation à ciel ouvert en raison de la minéralisation peu profonde à 150 m de profondeur. Terra prévoit un programme de forage estival de suivi visant un possible dépôt d'uranium hébergé dans un socle non conforme.
Skyharbour Resources (SYHBF) gibt den Abschluss des Winterbohrprogramms im South Falcon East Uranium-Projekt bekannt, das von dem Partner Terra Clean Energy durchgeführt wurde. Das Programm, das aus sieben Diamantbohrlöchern mit einer Gesamtlänge von 1.927 m besteht, lieferte vielversprechende Ergebnisse mit Uranmineralisierung in sechs Löchern.
Wichtige Ergebnisse umfassen das Loch SF0065, das 0,02% eU3O8 über 17,5 m zeigt, mit Spitzenwerten von 0,16% eU3O8, und SF0067, das 0,03% eU3O8 über 4,0 m zurückgibt. Die Bohrungen erweiterten die mineralisierte Fläche und bestätigten die Kontinuität des Deposits, wobei die Mineralisierung nach Norden und Nordosten offen bleibt.
Das Projekt, das 18 km außerhalb des Athabasca-Beckens und 50 km östlich der Key Lake Uranium-Mühle liegt, zeigt Potenzial für den Tagebau aufgrund der flachen Mineralisierung in 150 m Tiefe. Terra plant ein Folgesommerbohrprogramm, das auf ein mögliches in einem Basement gehostetes Unkonformitäts-Uranlager abzielt.
- Six out of seven drill holes intercepted uranium mineralization
- Significant mineralization width up to 75 meters
- High-grade peaks of 0.16% uranium discovered
- Shallow deposit depth (150m) favorable for open-pit mining
- Strategic location near Key Lake Uranium Mill and power infrastructure
- Overall uranium grades remain relatively low (0.01-0.03% eU3O8)
- One drill hole (SF0064) showed no elevated radioactivity
Vancouver, BC, April 01, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) 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
Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1
Highlights:
- Six holes intercepted uranium mineralization
- Continuity across the deposit confirmed
- Drilling expands mineralized footprint
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 10th, 2025.
“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
Hole SF0065 was drilled to follow up the results of SF0063, reported in the March 10th release. It was targeted to intersect the same mineralized pegmatites 60m to the northeast. The hole was completed to a depth of 282m and intersected a 75m wide zone of variably mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. A summary of the major zones within this mineralization are shown in Table 1 with the main highlight being an equivalent grade of
2025 Drill Target Areas at the South Falcon East Uranium Project:
https://www.skyharbourltd.com/_resources/images/2025-Drill-Target-areas-at-the-south-Falcon-East-Uranium-Project.png
Hole SF0066 was drilled to a depth of 302m, to follow the clay alteration and mineralized pegmatites to the northwest and assist in characterizing orientation of the clay alteration and associated structure. Drilling intersected a 50m interval containing multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss. The most notable zone returned an equivalent grade of
Completed Drill Holes at South Falcon East Uranium Project:
https://skyharbourltd.com/_resources/images/2025-Completed-drill-holes-at-South-Falcon-East-Uranium-Project.png
Hole SF0067 was drilled to a depth of 302m, to extend the mineralized pegmatite package to the north and confirm the interpreted north dipping orientation of the clay alteration. Drilling intersected a 70m interval containing multiple mineralized granitic pegmatites and zones within the altered and graphitic pelitic gneiss package. This interval is noted for the larger number of higher-grade spikes at or above
“I’m very excited to announce we will be conducting a summer drilling program to follow up on the significant results received. We believe we have started to define a new structure on the northeast side of the Property and are hopeful a basement-hosted unconformity uranium deposit, similar to Eagle Point and Rough Rider, is present. Our strategy moving forward is to both increase the size and grade of the Fraser Lakes B deposit and to add additional discoveries to this historical resource,” said Mr. Cameron.
”The results from this drilling program are very encouraging. Drilling has shown that the deposit is still open down dip to the northwest, north and northeast,” commented Trevor Perkins, Vice President of Exploration for Terra. “The presence of clay alteration within a structure on the northeast side has upgraded this area. Where this clay alteration intersects the mineralized conductive package is an exciting target as this can bring together many of the key features associated with the known basement-hosted unconformity deposits in the Basin,” continued Mr. Perkins.
One hole, SF0064, was completed to 239m in the T-Bone Lake area to examine the conductive package and alteration intersected in the area in historical drilling. An extensive package of graphitic metasediments was intersected in this area, characterizing the conductive package. Weak alteration was noted, however no elevated radioactivity was identified. The optimal target in the T-Bone Lake area was not intersected.
Table 1: Mineralized Intersections in Final Three Holes at South Falcon East Project:
https://skyharbourltd.com/_resources/images/Table-1-Mineralized-intersections-in-final-three-holes-at-South-Falcon-East-Uranium-Project.png
Samples of the mineralized intervals within the drill core have been collected and shipped for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Terra will provide more detailed results once geochemical analysis of the collected core samples is completed, reviewed and confirmed.
South Falcon East Project Summary:
The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and covers approximately 12,464 hectares. It lies 18 km outside the Athabasca Basin, approximately 50 km east of the Key Lake Mine. Historical exploration at the South Falcon East Project identified an area of U-Th-REE mineralization at the Fraser Lakes Zone B over an area comprising 1.5 km by 0.5 km along an antiformal fold nose cut by an east-west dextral ductile-brittle cross-structure adjacent to a 65 km long EM conductor.
QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:
All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (“SRC”) in Saskatoon, Saskatchewan under the care of Terra personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on visual inspection, downhole probing radiometric equivalent uranium grades, and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 to 1.0 m continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using the lost wax method. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Terra and SRC in accordance with Terra’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Terra prior to disclosure.
During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris 40TGU or 2GHF probes of varying sensitivities which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (“eU3O8”) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the SRC facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Terra prior to disclosure.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.
About Terra Clean Energy Corp.:
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a
Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over
Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
__________________________________
Jordan Trimble
President and CEO
For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
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The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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