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Moab Minerals Limited (ASX: MOM) (Moab or the Company) is pleased to provide an update of activities at the Manyoni Uranium Project in Tanzania, Africa.
Highlights:
- An extensive core drilling program (60 holes) has commenced at the Manyoni Uranium Project.
- Objective of 60-hole Stage One drilling is to verify historical drill results, obtain additional geologic and bulk density information, and carry out preliminary metallurgical test-work to ascertain the optimum processing pathway for the project.
- Strategically located just 5km north of Manyoni town, the Manyoni Uranium Project enjoys convenient access to modern railway and sealed highway infrastructure, as well as readily available power and water resources.
- The Manyoni Uranium Project was previously explored, and extensively drilled, by Uranex Ltd from the early 2000’s until 2013. The project did not proceed due to the low price of uranium at that time.
- Mineral Resource Estimation will be carried out by Snowdens/Optiro following successful completion of the Stage One program.
- Phase two drilling, involving a further 100 holes, will follow on and is designed to locate extensions to the known mineralisation at Manyoni.
Moab Managing Director, Mr Malcolm Day, commented: “I visited the Manyoni Uranium Project last week and am excited to report that drilling has started. The Company only settled the transaction on 9th July and in less than two months has been able to ‘hit the ground running’. The drilling program is expected to run over the next few months with most of the assay results available in November/December. I look forward to updating shareholders in coming months in regard the advancement of the Manyoni Uranium Project”.
About the Manyoni Uranium Project
Tanzania Uranium Projects (Moab 94.00%)
On 12 March 2024, the Company announced the acquisition of a package of advanced uranium projects in Tanzania (refer ASX Announcement 12 March 2024) (Acquisition). The Company completed the Acquisition on 9 July 2024.
The Acquisition includes the Manyoni and Octavo Uranium Projects, covering a total of 216 km2. The projects are strategically located just 5km north of Manyoni town, the Manyoni Uranium Project enjoys convenient access to modern railway and sealed highway infrastructure as well as readily available power and water resources.
The Manyoni Uranium Project was previously explored, and extensively drilled, by Uranex Ltd from the early 2000’s until 2013.
Project Location
The Manyoni Uranium Project tenements are located in the Republic of Tanzania (pop. 65 million), Africa, approximately 100km northwest of the capital city of Dodoma (pop. 765,000). The location of the uranium project at Manyoni is shown in Figure 1 and Figure 2.
Core drilling underway at Manyoni uranium project
Figure 1. Location of the Manyoni Uranium Project
Figure 2. Location of Manyoni Tenements
Geological Setting and Uranium Mineralisation
The tenements are located in the central part of the Tanzanian Archaean Shield, which is a stable platform of granite-gneiss terrane with marginal greenstone belts. Radiometrically “hot” granites have been subject to erosion over geological time and have contributed uranium and other metals into the pluvial streams and lakes which drain the shield.
In the Manyoni area the uranium is deposited in a shallow playa lake system as schröckingerite (in the lake sediments) and carnotite in the granitic saprolite below the lake sediments. The mineralisation varies from flat lying to shallowly dipping as it follows the direction of the palaeo- drainage to the south-east while the average depth to the top of mineralisation varies from 3m to 10m.
Validation Drilling (Stage One Drilling)
Moab has completed a substantial review of historic databases that were acquired from the property vendors. Moab has appointed Resource specialists Datamine/Optiro to assist the Company with planning a program of Validation drilling designed to verify historical drill results. A program of 60 drill holes involving PQ Triple Tube core drilling adjacent to old drill holes that contained uranium mineralisation is planned to commence in the 1st Quarter FY2024/2025. The objectives of the program include:
- Twinning of a statistically valid number of drill holes which provides the highest core recovery and sample quality. An estimated 60 drill holes to an average depth of 15m are planned. This program is designed to address historical assay reliability.
- Strict QA/QC controls will be implemented so as to provide a statistically valid means of verifying uranium grades.
- Bench scale metallurgical test work on a representative suite of bulk samples from the above drill program.
- Additional bulk density measurements to verify historical records and to expand the database for different mineralized domains.
- Improved understanding of the geological controls on uranium grade distribution.
It is estimated that this initial program will be completed in 2nd Quarter FY2024/2025. On completion of the Validation drilling program the information will be used to update the wire-frame model for mineralized domains thereby facilitating resource estimation, depending on results.
Exploration Drilling (Stage Two Drilling)
In addition to the above drilling, Moab is planning to undertake an exploration drilling program that is designed to locate extensions to the known mineralisation at Manyoni. This will be based on grid drilling on a 400m x 400m and 200m x 200m pattern around the known mineralisation. The Manyoni uranium mineralisation is at shallow depth, varying from 3m to 15m to the top of mineralisation, and flat lying. Moab has executed a drilling contract for a minimum of 1500m of PQTT core drilling covering Stages one and two drilling, with the option to drill an additional 1500m.
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This article includes content from MOAB Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
MOM:AU
Terra Clean Energy Corp. Plans Summer Drill Program at South Falcon East
The Company is planning an extensive drill program for the summer of 2025, consisting of approximately 2,500 meters of drilling. The purpose is to test an area highlighted in the Winter 2025 program where it is interpreted that a north-northwest trending brittle structure, a north dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect. This puts many of the indicators identified as being key components for higher grade uranium mineralization all in the same location.
It is generally accepted that for higher grade uranium deposits in the Athabasca Basin you require several key indicators:
- Graphitic metasediments,
- Brittle reactivated basement structures,
- Reducing fluid (indicated by clay alteration),
- Oxidizing fluid (indicated by hematite alteration, transports uranium),
All these features have now been identified in the Fraser Lakes B deposit area. Where they are projected to intercept is considered a top priority target area for the discovery of a higher-grade unconformity related basement hosted uranium deposit and additional mineralized pegmatites. “The Athabasca Basin is one of the world’s foremost Uranium Basins accounting for some 20% of world uranium production. It has been well explored and understood for many years attracting billions of dollars of investment. For these reasons and the fact that our VP Exploration has worked extensively in the Basin and is excited about our findings that it is an immediate priority to follow up the very encouraging winter results this summer “said Greg Cameron CEO. ‘Finding an unconformity basin hosted deposit like Eagle Point or Rough Rider would be company changing” added Greg Cameron.
The upcoming program will be a helicopter supported drill program encompassing seven to ten diamond drill holes targeting an area approximately 120 to 150 m north of drill holes SF0063, SF0065, SF0066 and SF0067 which were completed during the winter program (Figure 2). The results of these drill holes were reported in press releases dated March 10, 2025 and April 1, 2025. The summer field program is anticipated to commence mid-June and run for approximately 4-5 weeks. The campaign will be executed by Terralogic Exploration Inc. under the supervision of Terra Logic staff and C. Trevor Perkins, Vice President, Exploration for Terra Clean Energy. Operations will be based out of a local contracting camp with helicopter support for the daily drilling operations. The expected budget for this program is anticipated to be $2.0 million.
”The results from the winter drilling program are very encouraging,” commented Trevor Perkins, Vice President of Exploration for Terra Clean Energy Corp. “We are excited to get back in there and test where the clay alteration intersects the mineralized zone and graphitic sediment package. This an exciting target as this can bring together many of the key features associated with the known basement hosted unconformity deposits in the basin”, continued Mr. Perkins.
Samples of the mineralized intervals from the winter program are outstanding. They have been submitted for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Results are expected in mid to late May.
Figure 1: South Falcon East Uranium Project Location – Eastern Athabasca Basin, Saskatchewan, Canada
Figure 2: 2025 – Planned summer drilling area and completed winter drill holes at South Falcon East Uranium Project
About Terra Clean Energy Corp.
Terra Clean Energy (formerly Tisdale Clean Energy Corp) 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 Deposit, located in the Athabasca Basin region, Saskatchewan, Canada.
ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.
“Greg Cameron”
Greg Cameron, CEO
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company’s Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.
*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company’s public filings available under the Company’s profile at www.sedarplus.ca .
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Greg Cameron, CEO
Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
