Terra Uranium Ltd (ASX:T92) has begun fieldwork focused on the discovery of major uranium deposits under deep cover in its maiden exploration program in Canada's prolific Athabasca Basin.
Unlocking an opportunity, the company secured exploration permits for three years from the Saskatchewan Government, covering trail building, base camp construction at Pasfield Lake, ground geophysics and drilling for all of its projects.
Subsequently, ice road and Pasfield camp construction are underway, with drilling contractors and rigs secured.
What’s more, the Pasfield Project has been expanded to the west with the addition of two mineral claims with an area totalling 92 square kilometres at Moss Creek.
“Another major milestone”
Terra executive chairman Andrew Vigar said: “Another major milestone for Terra Uranium has been reached with work having commenced on the construction of a base camp and access roads, as well as securing RC and diamond drilling contractors under our recently granted Exploration Permits.
“In the four months since listing in September 2022, T92 has completed airborne geophysics, geochemistry, a highly successful trial of ANT passive seismic to map the basement, data analysis and permitting for ground operations.
“I believe this rapid progress is a testament to the quality of our projects, board and particularly the experience of our Saskatoon-based exploration team.
“The excellent results from early work strengthen our conviction in the investment case for Terra Uranium as a leading exploration and discovery company able to deliver advanced exploration”.
Exploration program
An Ambient Noise Tomography (ANT) passive seismic geophysical survey trial by Fleet Space Technologies at Pasfield successfully mapped the unconformity and variations in the basement and overlying sediments coincident with ZTEM and VTEM anomalies.
The ZTEM airborne geophysics surveys have confirmed multiple strong conductors at both Pasfield and Parker.
Subsequently, VTEM airborne geophysics is underway to better define strong ZTEM results at Pasfield and Parker at shallower depths associated with fracturing and alteration in the sandstones but progressing slowly due to the winter weather.
The strong historical MEGATEM conductor in the northern end of the Parker Project has been confirmed and better defined with the preliminary ZTEM survey results.
Terra has continued its engagement with indigenous and stakeholder groups in good faith as part of the preparation for an expanded northern winter exploration program.
Access ramp to Lake Ice Road from Base Camp (left) and trail construction (right).
Geochemistry
Terra has begun integration of all geophysics and past drilling into a 3D Earth Model for Pasfield and Parker to target diamond drilling.
Historical geochemical samples confirm uranium at surface with further multi-element and isotope work underway to assess significance.
Notably, helium sample data from historic drilling at Pasfield has been retrieved and is highly anomalous.
Helium is a highly mobile uranium decay daughter product and exploration pathfinder under cover able to travel hundreds of metres from the source as both a gas and dissolved in ground waters.
Read more on Proactive Investors AU
