Terra Uranium very encouraged by results from first Parker hole
September 12, 2023 at 11:31 am
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Terra Uranium Ltd (ASX:T92) chair Andrew Vigar speaks with Proactive soon after confirming the presence of uranium mineralisation with a peak grade of 32.5 parts per million over 0.2 metres in diamond drilling at its Parker Project in Canada's Athabasca Basin. Assays from the diamond drill hole outline uranium mineralisation in an altered and fractured zone in the basement as suggested by earlier reported downhole gamma radioactivity logs. The Parker Project is about 50 kilometres west of Cigar Lake and 50 kilometres northwest of McArthur River, the world’s largest and highest-grade uranium mines, operated by Cameco. This is the maiden diamond drill hole for T92, the first in the Parker Lake Project area and the first within this 25-kilometre zone of ZTEM basement conductors on this section of the Cable Bay Shear Zone.
Vigar said: “The presence of anomalous uranium and pathfinders in our first drill hole at Parker is very encouraging and bears similarities to that recently reported from IsoEnergy’s Hawk Project on the Cable Bay Shear Zone 40km to the northeast.
“We have only just begun to orientate ourselves on this fertile structure, having brought all the scientific data up to modern standards suitable for targeting a major uranium discovery in this new domain.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Terra Uranium Limited is an Australia-based mineral exploration company. The Company holds a 100% interest in 29 Claims covering a total of 1,203 square kilometers (km2) forming the Engler Lake, HawkRock, Pasfield Lake, Parker Lake, Rapid River and Yurkowski Lake Projects (together, the Projects). The Engler Lake Project comprises a single claim covering 5,066 hectares (ha) and is located on the Northern side of the Athabasca Basin. The HawkRock Project is an early-stage uranium exploration project located in the eastern portion of the Athabasca Basin, Saskatchewan, Canada. The Pasfield Lake Project is approximately 100 km northwest of the Collins Bay mining camp. The Parker Lake Project is located approximately 90 kilometers (km) northwest of Orano Canada Inc. The Rapid River comprises MC00017978 covering 3,970.089 ha and MC00018052 covering 4,148.240 ha, for a total of 8,118 ha. The Yurkowski Lake Project comprises three claims covering a total of 4,438.49 ha.