Tisdale Clean Energy (TCEC.CN) is a Canadian-based uranium exploration and development company.  The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

Today, Tisdale Clean Energy announced the completion of the first two drill holes at the South Falcon East Uranium Project.

The 12,464-ha South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium mill and former mine. Tisdale Clean Energy Corp entered into an option agreement with Skyharbour Resources Ltd in October of 2022 whereby the company can earn up to a 75% interest in the South Falcon East property.

This initial 2024 program is scheduled to complete up to 1500m of drilling in two phases, with the priority being the confirmation of existing mineralization.

Phase one included 442m drilled in the first two drill holes. Hole SF-0059 was completed to a depth of 221m and intersected multiple zones of uranium mineralization over 13.5m, confirming the presence of mineralization in the vicinity of historical hole FP-15-05.

Highlights include:

• 0.02% eU over 5.6 m from 129.65 to 135.25 m, including:
  • 0.07% eU over 1.1 m from 131.75 to 132.85 m.  This included a 0.2 m interval grading 0.11% eU
• 0.03% eU over 4.1 m from 137.65 to 141.75 m, including:
  • 0.11% eU over 0.2 m from 138.15 to 138.35m
  • 0.05% eU over 0.2 m from 139.55 to 139.75m
  • 0.06% eU over 0.2 m from 141.35. to 141.55m

The second drill hole of the program, SF-0060, was targeted to test for an extension of the mineralization in FP-15-05 along strike 25m 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.

This zone is highlighted by:

• 0.02% eU over 1.3 m from 142.15 to 143.45 m, including:
  • 0.05% eU over 0.1 m from 142.55 to 142.65 m.

“We’re pleased to see uranium values comparable to the grades of the known resource in the first drill two drill holes completed on the property in nearly a decade,” said Alex Klenman, CEO.  “This is what we need to see as we confirm then pursue expansion.  We are starting with a historical resource of nearly 7 million pounds of uranium contained in a shallow deposit.  The opportunity we have here is exceptional, certainly unique for a company with our market cap, and we believe we’re just scratching the surface in terms of what can be achieved at South Falcon East,” continued Mr. Klenman.