- Skyharbour Resources' (SYHBF, Financial) partner, Terra Clean Energy, reports positive outcomes from its Winter 2025 drill program at South Falcon East Uranium Project.
- The upcoming Summer 2025 drill program will consist of 2,500 meters of drilling with a C$2 million budget.
- The Fraser Lakes B Uranium Deposit holds a historical resource of 6.9 million pounds of U3O8 at a 0.03% grade.
Skyharbour Resources Ltd. (OTCQX: SYHBF) has announced that its partner company, Terra Clean Energy, has achieved significant results from its Winter 2025 drill program at the South Falcon East Uranium Project. Located 18 kilometers outside the Athabasca Basin, this project is pivotal in the region's uranium exploration efforts.
The winter drill program, which encompassed seven diamond drill holes over 1,927 meters, revealed several promising zones of uranium mineralization, particularly in the easternmost hole, SF0065, returning 18.1 meters at 0.03% U3O8, including a subinterval at 0.12% U3O8 over 1.6 meters.
Building on these encouraging results, an immediate follow-up summer drill program is set to commence shortly. The summer program, with a budget of C$2 million, plans to drill approximately 2,500 meters. It aims to explore areas where key indicators for higher-grade uranium mineralization are anticipated to intersect.
The South Falcon East Project hosts the Fraser Lakes B Uranium Deposit, which currently possesses a historical resource of 6.9 million pounds of U3O8 at an average grade of 0.03%. The upcoming exploration activities are managed under an option agreement that allows Terra Clean Energy to earn a 75% interest in the project by funding CAD $10.5 million in exploration and fulfilling additional financial commitments to Skyharbour.
The promising outcomes from the winter drilling and the strategic plans for the summer program underscore the potential for advancing the discovery of higher-grade uranium deposits at South Falcon East.
