Terra Uranium in advanced JV talks for core projects
October 02, 2023 at 10:21 pm IST
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Terra Uranium Ltd (ASX:T92) chair Andrew Vigar tells Proactive the company is in advanced discussions with potential large JV farm-in & joint development partners on its core projects to drill this winter. T92’s core projects - HawkRock, Pasfield and Parker - have now been advanced from conceptual to drill-ready targets. He says the Pasfield and Parker projects have seven targets each and HawkRock has four. The company is now actively seeking partners to test these tier 1 targets whilst continuously evaluating new opportunities.
“The core projects in the revitalised Cable Bay Shear Zone have been moved from concept based on old data to 24 drill- ready targets based on the latest science. The Company has achieved in just 12 months of work to the highest standards what should have taken 2 years or more. The next steps will be exciting indeed”.
About Terra Uranium
Terra Uranium Limited is a mineral exploration company strategically positioned in the Athabasca Basin, Canada, a premium uranium province hosting the world’s largest and highest-grade uranium deposits. Canada is a politically stable jurisdiction with established access to global markets. Using the very best people available and leveraging our in-depth knowledge of the Basin’s structures and deposits we are targeting major discoveries under cover that are close to existing production infrastructure. We have a philosophy of doing as much as possible internally and working closely with the local communities. The Company is led by a Board and Management with considerable experience in Uranium. Our dedicated exploration team is based locally in Saskatoon, Canada.
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.