Tisdale Clean Energy Corp C.TCEC

"Earn-In Co. Starts to Drill U3O8 Deposit"

[MarketMakerss]

"What we like about the project and found so compelling is to have our market cap where it's at and to be able to earn into the majority of a deposit," said Klenman. "An asset that eventually backs your valuation is critical."

With the commencement of drilling at the Fraser Lakes B Uranium-Thorium Deposit earlier this year, Tisdale Clean Energy (TCEC.c TCEFF) is strongly positioned in today's uranium bull market amid its phase one drill program at the South Falcon Uranium Project: https://www.streetwisereports.com/article/2024/03/18/earn-in-co-starts-to-drill-u3o8-deposit.html

 

Building on a Historical Resource

With the potential to increase the deposit grade and size, South Falcon boasts a historical resource with 7 million pounds of uranium delineated with above-average grade and lies just outside the Athabasca Basin.

 

Consisting of ~1,500m of drilling, the main priority of TCEC's phase one drill program is to confirm and expand the existing mineralization associated with the Fraser Lakes Deposit in preparation for an updated current resource estimate and 3D model.

 

"To improve our confidence of how the mineralization looks", TCEC's initial objective with drilling at Fraser Lakes is to twin the holes having the best mineralization historically.

 

TCEC will additionally be targeting regional exploration as a secondary priority in following up on promising anomalies to add mineralized zones and deposits along the folded structural package that hosts the deposit.

 

Notably, previous drilling undertaken by Skyharbour Resources, saw an almost 500% increase over the grade of the deposit, demonstrating that "there's higher grade material within this deposit and potentially elsewhere on the project ground".

 

As the current mineralization is open in all directions, significant resource expansion potential remains at the deposit.

 

Previously, Technical Analyst Clive Maund noted that TCEC was at a favourable entry point, and is a "strong buy here for all timeframes". offering great upside potential as "the bullish volume pattern and continuing uptrend in the accumulation line are most auspicious and suggest that a breakout into a major new bull market is incubating.": https://www.streetwisereports.com/article/2024/02/22/drilling-equipment-mobilized-to-uranium-project.html

 

For more information, refer to TCEC's latest webinar with Radius Research: https://youtu.be/tyI73tBv3EA?si=vC-OlWfilYbKrYgc

 

Posted on Behalf of Tisdale Clean Energy Corp.