Mr. Greg Cameron reports
TERRA CLEAN ENERGY CORP. ANNOUNCES RECEIPT OF UTAH WORK PROGRAM PERMITS FOR THE MARYSVALE URANIUM MINES PROJECT
Terra Clean Energy Corp. has received the required permits from the Utah Department of Natural Resources Division of Oil, Gas and Mining to commence its planned exploration work program at the company's 100-per-cent-owned Marysvale Uranium Mines project located in Marysvale, Utah, United States.
The approved work program authorizes the construction of five drill pads to support a planned diamond core drill program and the excavation of seven exploration trenches designed to expose and evaluate known uranium-bearing outcrops. The program represents an important milestone as the company advances this exciting past producing uranium project.
The trenching program will allow Terra's technical team to map and sample mineralized structures, verify historical geological interpretations, and refine drill targets ahead of a planned diamond core drilling program this fall. The five permitted drill pads have been strategically positioned to test priority uranium targets identified through historical exploration, recent geological modelling, and the company's completed radiometric and photogrammetric surveys.
"The receipt of these permits is a significant achievement for Terra and keeps the company on schedule for its planned exploration program," said Greg Cameron, chief executive officer of Terra. "Our team has completed extensive technical work over the past year, including the compilation and digitization of historical data, preparation of a NI 43-101 technical report and construction of a comprehensive 3-D geological model. We are now excited to begin field activities that will advance the Marysvale Uranium Mines project toward drilling."
The company expects field crews to mobilize in September once a small surety bond is posted with the BLM for reclamation post fieldwork, with trenching to commence first, followed by drill pad preparation and the initial diamond drilling program. Results from the trenching program will be incorporated into the final drill targeting process.
The Marysvale Uranium Mines project is situated within Utah's historic Marysvale uranium district, one of the most productive uranium regions in the Western United States. The project includes the past-producing prospector and Freedom uranium mines, which historically accounted for a substantial portion of the district's uranium production of
1.33 million pounds
U3O8 (triuranium octoxide)
at reported average grades of 0.22 per cent.
Terra Clean Energy believes the combination of historical production, documented uranium mineralization and modern exploration techniques provides significant potential for new uranium discoveries a significant uranium resource.
Further updates will be provided as exploration activities progress.
*
The historical results, production and interpretation described here in have not been verified and are extracted from United States Geological Survey reports. The company has not completed sufficient work to confirm and validate any of the historical data contained in this news release. The historical work does not meet National Instrument 43-101 standards. The company considers the historical work a reliable indication of the potential of the Marysvale uranium district and the information may be of assistance to readers.
Qualified person
The scientific and technical information contained in this news release has been reviewed and approved in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, on behalf of the company by C. Trevor Perkins, PGeo, vice-president of exploration for Terra Clean, and a qualified person as defined by National Instrument 43-101.
About Terra Clean Energy Corp.
Terra Clean Energy is a Canadian-based uranium exploration and development company. The company is currently developing the South Falcon East uranium project located in the Athabasca basin region, Saskatchewan, Canada, as well as past-producing uranium mines in Utah and uranium exploration properties in Wyoming, United States. The company's strategy is to find and advance late-stage uranium projects to support growing demand for nuclear power and secure domestic mineral supply chains.
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