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.
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By GlobalData
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.”
