The Yurkowski Lake Project, an extension of the company's Core Pasfield Project, spans three claims over 4,438.49 hectares (ha).
March 1, 2024
The company now holds a 100% interest in 29 claims.
Terra Uranium has announced the acquisition of two uranium projects, Yurkowski Lake and Engler Lake, in the Athabasca Basin, Canada.
The Yurkowski Lake Project, an extension of the company’s Core Pasfield Project, spans three claims over 4,438.49ha.
This project is strategically positioned as a north-east extension of the company’s Core Pasfield Project. It is adjacent to the Hawk Project, where Iso Energy is currently conducting drill tests.
Although exploration at Yurkowski Lake is in the early stages, plans for the year include surface exploration, airborne geophysics and ambient noise tomography (ANT), following the successful methodologies applied to Terra Uranium’s core projects.
Engler Lake is a new project in the northern Athabasca Basin, and comprises a single claim covering 5,066ha.
The geophysical anomalies at Engler Lake bear a resemblance to those found at Terra Uranium’s Parker and Pasfield Projects.
The company’s work programmes for Engler Lake this year will mirror those at Yurkowski Lake, with surface exploration, airborne geophysics and ANT on the agenda.
With the addition of these two projects, the company now holds a 100% interest in 29 claims covering a total area of 1,203km².
Terra Uranium executive chairman Andrew Vigar said: “The ongoing internal technical work by our Canadian team has again identified an excellent new target at Engler Lake offering shallow depth targets in the northern Athabasca, as well as Yurkowski Lake, a highly prospective extension to our core project of Pasfield Lake, and this brings the number of T92’s 100%-owned Athabasca Projects to six.
“The ability to stake additional, high-quality projects in a highly competitive market is an indication of the professionalism of our Canada-based team lead by Mr Mike McClelland. In parallel to this, we are also actively advancing discussions on new opportunities and with joint-development partners to fund drilling on our core projects.”
Trinex eyes 75% stake in Gibbons Creek Uranium Project
The initial agreement allows for a 51% stake acquisition, with the option to increase ownership.
The initial agreement allows for a 51% stake acquisition, with the option to increase ownership.
February 29, 2024
ALX has outlined plans for a drilling campaign to explore uranium mineralisation, building on previous anomalous findings.
The capital raised from institutional and private investors will fund the exploration efforts at Gibbons Creek.
This project’s location in the uranium-rich Athabasca Basin positions Trinex Minerals to potentially tap into significant resources.
Trinex Minerals managing director Will Dix said: “The Athabasca Basin is an outstanding jurisdiction for uranium deposits and Trinex is delighted to gain exposure in this world-class region.
“This earn-in represents a unique opportunity to gain further exposure to energy minerals in Canada, to complement our existing portfolio of prospective lithium projects in the Northwest Territories. With the onground assistance of our major shareholder, Dahrouge Geological Consulting, we are excited to bring local exploration expertise to unlock the value of this new asset.
“The funds realised from the placement will enable the company to conduct exploration activities for the first year on this advanced project. Three target areas have already been identified and an ALX drilling programme will commence in March, after which point Trinex will lead exploration activities.”
ALX Resources (ALX) has also outlined plans for a drilling campaign to explore uranium. Credit: John Carnemolla via Shutterstock.com.
Trinex Minerals subsidiary Trinex Lithium has signed a binding letter of intent with ALX to potentially acquire a 75% interest in the Gibbons Creek Uranium Project in Canada.
The initial agreement allows for a 51% stake acquisition, with the option to increase ownership later.
This move will be supported by a capital raise of around A$1.25m ($812,818) through an oversubscribed share placement.
The Gibbons Creek Uranium Project spans 139km² in northern Saskatchewan’s Athabasca Basin, a region known for its uranium production.
This project presents immediate drilling opportunities, with the first programme set to begin in March 2024 at the Airstrip Prospect.
Trinex Minerals subsidiary Trinex Lithium has signed a binding letter of intent with ALX to potentially acquire a 75% interest in the Gibbons Creek Uranium Project in Canada.
The initial agreement allows for a 51% stake acquisition, with the option to increase ownership later.
This move will be supported by a capital raise of around A$1.25m ($812,818) through an oversubscribed share placement.
The Gibbons Creek Uranium Project spans 139km² in northern Saskatchewan’s Athabasca Basin, a region known for its uranium production.
This project presents immediate drilling opportunities, with the first programme set to begin in March 2024 at the Airstrip Prospect.
ALX has outlined plans for a drilling campaign to explore uranium mineralisation, building on previous anomalous findings.
The capital raised from institutional and private investors will fund the exploration efforts at Gibbons Creek.
This project’s location in the uranium-rich Athabasca Basin positions Trinex Minerals to potentially tap into significant resources.
Trinex Minerals managing director Will Dix said: “The Athabasca Basin is an outstanding jurisdiction for uranium deposits and Trinex is delighted to gain exposure in this world-class region.
“This earn-in represents a unique opportunity to gain further exposure to energy minerals in Canada, to complement our existing portfolio of prospective lithium projects in the Northwest Territories. With the onground assistance of our major shareholder, Dahrouge Geological Consulting, we are excited to bring local exploration expertise to unlock the value of this new asset.
“The funds realised from the placement will enable the company to conduct exploration activities for the first year on this advanced project. Three target areas have already been identified and an ALX drilling programme will commence in March, after which point Trinex will lead exploration activities.”
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