Skyharbour Partner Company Tisdale Clean Energy Completes First Two Drill Holes at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan - Seite 2

The second drill hole of the program, SF-0060, was targeted to test for an extension of the mineralization in historical hole FP-15-05 along strike to the northeast of the mineralized intercept of FP-15-05. Hole SF-0060 was completed to a depth of 221m. Several zones of mineralization were also encountered below 132m with the best intersection occurring within altered pelitic gneiss containing graphite and granitic pegmatites. Hole SF-0060 returned 0.02% eU₃O₈ over 1.3m from 142.15m to 143.45m, including 0.05% eU₃O₈ over 0.1m from 142.55m to 142.65m.

Drill Location Map and The Way Lake Conductor:
https://www.skyharbourltd.com/_resources/images/2024-Drill-location-ma ...

“We’re pleased to have intersected uranium values at or above the grades of the historical resource in the first drill holes completed on the property in close to a decade,” said Tisdale CEO, Alex Klenman. “This is an encouraging start as we seek to expand the deposit in both size and grade. We believe we’re just scratching the surface in terms of what can be achieved at South Falcon East, and we’re excited to begin the process,” continued Mr. Klenman.

“We are encouraged to be intersecting the expected mineralization near the previous drilling at South Falcon East,” commented Trevor Perkins, Consulting Geologist for Tisdale. “This confirmation of existing mineralization is a necessary first step to expanding the Fraser Lakes B Uranium Deposit,” continued Mr. Perkins.

Samples of the mineralized intervals within the drill core have been collected and shipped for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Tisdale will provide more detailed results once geochemical analysis of the collected drill core samples is completed, reviewed, and confirmed.

The results of these two drill holes confirm the presence of mineralized pegmatites and pelitic paragneiss within the deposit and project area. Graphitic pelitic paragneiss are the key lithology associated with uranium deposits within the eastern Athabasca Basin and are a good indication that additional pegmatite deposits as well as basement hosted unconformity-related uranium deposits may be present along the Way Lake Conductor.

Drilling at South Falcon East is scheduled to resume later this spring. Tisdale will release details on the dates of mobilization and drill commencement once they are confirmed. Phase two drilling will again be conducted by TerraLogic Exploration Inc. under the supervision of Laura Tennent, Project Manager with TerraLogic Exploration, and C. Trevor Perkins, lead geologist for Tisdale. The drill program is operating out of Skyharbour’s McGowan Lake Camp with helicopter support for the daily drilling operations.