Terra Clean Energy Corp. Completes First Three Drill Holes on Fraser Lakes Uranium Deposit with Encouraging Initial Results
Terra Clean Energy Corp. Completes First Three Drill Holes on
Fraser Lakes Uranium Deposit with Encouraging Initial Results
Vancouver B.C., March 10, 2025 – TERRA CLEAN ENERGY CORP. (“Terra” or the “ Company”)
(CSE: TCEC, OTCQB: TCEFF, FSE: 9O0, is pleased to announce the completion of the first three
drill holes at the South Falcon East Uranium Project (the “Property”) which hosts the Fraser Lakes
B Uranium Deposit. Drilling will continue throughout March and is expected to complete over
2000 meters (m) of drilling.
The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately
50 km east of the Key Lake uranium mill and former mine (Figure 1). T he Company entered into
an option agreement with Sky harbour Resources Ltd . (“ Skyharbour”) in October of 2022
whereby the company can earn up to a 75% interest in the Property.
The Company is currently conducting a 2000 -2200 m helicopter supported drill program at the
Property. Three diamond drill holes have been completed on the Fraser Lakes B Uranium
Deposit, for a total of 802 m. A fourth hole in progress. (Figure 3)
“We are extremely encouraged by the results of the first three drill holes as we continue to see
minerlization in each of the first three holes as well as what we believe to be an expansion of the
deposit to the North. As stated below, Hole SF063 returned a continuous mineralized zone of
pegmatities from 173 meters to 224 meters with some decent grades.” Based on the initial
results from Hole SF063 we have decided to reorganize the remaining meters of this program to
focus on further defining this new area of interest and chasing clay alteration not yet seen on the
property to date, with hopes of finding a high grade unconformity uranium deposit.” said Greg
Cameron CEO of the Company.
Hole SF063 was planned to examine an interpreted cross fault offsetting the mineralization and
geology on the east end of the Fraser Lakes B Uranium Deposit. This hole was drilled to a depth
of 393 meters and intersected multiple structures and a 51 m wide interval of mineralized granitic
pegmatites and zones within altered and graphitic pelitic gneiss. Highlights include:
• 0.03% eU3O8 over 12.0 m from 173.55 to 185.55 m,
including 0.06% eU3O8 over 0.7 m from 180.35 to 181.05 m
• 0.03% eU3O8 over 3.0 m from 213.65 to 216.65 m,
including 0.07% eU3O8 over 0.5 m from 215.95 to 216.45 m
The first structure intersected from 18 m to 47.5m contained zones of intense clay alteration
typically found in relation to unconformity uranium deposits. The presence of this alteration is a
good indication that hydrothermal fluids suitable for deposition of higher -grade uranium
deposits moved through the rocks. The second structure from 306 to 315 m is a brecciated pelitic
gneiss situated between two int ervals of Archean gneiss. This structure is interpreted to be
responsible for the geological offset being targeted. This will assist in updating the target model
in this area. The intersections of a clay altered structure and a thick sequence of mineralized
pegmatites and pelitic gneiss have expanded the mineralization and improved the prospectivity
on the east end of the Fraser Lakes B Uranium Deposit.
”The results from the drilling so far are very encouraging,” commented Trevor Perkins, Vice
President of Exploration for Terra Clean Energy Corp. “The first two holes have shown that the
deposit is still open down dip to the north and northwest. Hole SF0063 has shown that there is
significant potential for upgrading the deposit on the east end. We are excited to see where this
can lead”, continued Mr. Perkins.
Drilling is continuing with one hole in progress in the T-Bone lake area to examine the conductive
package and alteration intersected in the area in historical drilling. Pad preparation is underway
to return to the area around SF0063 and follow up on the clay alteration and pegmatites. Efforts
will be made to follow the alteration and pegmatites to where they intersect, as this should be
an area of fluid pooling and upgrading of mineralization within the deposit.
Hole SF061 was planned to test for a down dip extension of mineralization intersected in hole
FP-15-05 and was drilled to a depth of 209 m . Drilling intersected a 35 m interval containing
multiple mineralized granitic pegmatites and zones within altered and graphitic pelitic gneiss.
The most notable zone returned an equivalent grade of 0.02% eU3O8 over 2.2 m from 150.25 to
152.45 m, including 0.05% eU3O8 over 0.6 m from 151.65 to 152.25 m.
Historical diamond drill hole FP -15-05 was drilled by Sky harbour in 2015 and returned multiple
zones of mineralization over a 14m interval, including 6m of .10% U308 (including a 2m of 0.165%
U3O8 (from 135m) and 2.5m of 0.172% U3O8 (from 145m).
Hole SF062 was planned to test for a n along strike extension of mineralization intersected in
holes FP-15-05 and SF0061, and was drilled to a depth of 200 m . Drilling intersected a 21 m
interval containing multiple mineralized granitic pegmatites and zones within altered and
graphitic pelitic gneiss. The most notable zone returned an equivalent grade of 0.03% eU 3O8
over 2.2 m from 141.75 to 144.15 m, including 0.05% eU3O8 over 0.4 m from 143.15 to 143.55
m.
While both of these holes extended the mineralization down dip and along strike to the north
and northwest, they did not intersect the higher grades encountered in hole FP -15-05. This is
due to the potential variability within the pegmatite swar m. As long as the mineralized
pegmatites are present, higher grades will be encountered within the overall mineralized zone.
Figure 1: South Falcon East Uranium Project Location – Eastern Athabasca Basin, Saskatchewan,
Canada
Figure 2: 2025 Drill Target areas at the South Falcon East Uranium Project
Figure 3: 2025 - Completed drill holes at South Falcon East Uranium Project
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. The Company will provide more detailed results once geochemical analysis of the
collected core samples is completed, reviewed and confirmed.
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 Saskatc hewan 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 bas ed 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 metre 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. The 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 the 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 4OTGU 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 Saskatchewan Research
Council facility in Saskatoon and from the comparison of probe results agains t 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.
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 holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Uranium
Deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.
“Greg Cameron”
Greg Cameron, CEO
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 on
behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration,
and a Qualified Person as defined by National Instrument 43-101.
*The historical resource is described in the Technical Report on the South Falcon East Property,
filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current
and has not completed sufficient work to classify the resource a s a current mineral resource.
While the Company is not treating the historical resource as current, it does believe the work
conducted is reliable and the information may be of assistance to readers.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain
events or conditions “may” or “will” occur. Forward -looking information involves risks,
uncertainties and other factors that could cause actual events, results, and opportunities to differ
materially from those expressed or implied by such forward -looking information, including
statements regarding the potential development of mineral resources and mineral reserves which
may or may not occur. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, changes in the state of equity and
debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or
governmental app rovals, and general economic and political conditions. Forward-looking
information in this news release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including that all necessary approvals, including
governmental and regulatory approvals will be received as and when expected. Although the
Company believes that the assumptions and factors used in preparing the forward -looking
information in this news release are reasonable, undue reliance should not be pl aced on such
information. The Company disclaims any intention or obligation to update or revise any forward-
looking information, whether because of new information, future events or otherwise, other than
as required by applicable laws. For more information on the risks, uncertainties and assumptions
that could cause our actual results to differ from current expectations, please refer to the
Company’s public filings available under the Company’s profile at www.sedarplus.ca.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Greg Cameron, CEO
Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy