Terra Uranium (ASX:T92) has commenced field operations on the Spire and Horizon Projects in Canada under a recently signed Option Agreement with ATHA Energy.
Field teams have been mobilised by Axiom Exploration Group to undertake field mapping and sampling and the airborne geophysical survey on behalf of the company.
The airborne survey will consist of gravity, radiometric and magnetics. Concurrently with the airborne survey, using the same heli-support, the company will be conducting a ground sampling programme focusing on historic mineralised boulder samples.
The survey is expected to be conducted from the 2nd to the 8th of November.
The field programme has been planned and executed by Troy Marfleet, recently appointed by Terra Uranium as Exploration Manager. Mr Marfleet has considerable operational experience working on greenfields uranium deposits across the Athabasca Basin and Thelon and will be supported by the team at Axiom Exploration Services.
In accordance with the terms of the Spire and Horizon Option Agreement, ATHA has granted T92 an exclusive right and option to acquire up to 70% of the two Projects in consideration for incurring a minimum of C$4,750,000 in statutory exploration expenditures.