Terra Clean Energy Corp. (CSE: TCEC; OTCQB: TCEFF) announced on October 5, 2026 that it has contracted KB Drilling Co., Inc. of Mound House, Nevada, for a 10,000-foot core drilling campaign at its Marysvale Uranium Mines Project in Utah. Drilling is scheduled to begin in the first week of November 2026.
The program targets the past-producing Prospector and Freedom uranium mines in the Marysvale Uranium District. The district historically produced about 1.33 million pounds of U3O8 at an average grade of 0.22 percent U3O8, and the Prospector and Freedom mines accounted for more than 75 percent of that output.
The campaign covers roughly 10,000 feet of diamond core drilling from five permitted drill pads, with 12 drill targets. Terra built those targets from historical mine and drilling records, underground engineering reports, assay results, radiometric surveys and its three-dimensional geological model. The company said drilling records indicate mineralization continues more than 600 feet below the former workings.
Objectives include testing the down-dip continuation of veins beneath old workings, evaluating strike extensions beyond historically mined areas, confirming the location and orientation of known structures, and identifying parallel veins and previously unrecognized mineralized structures. Site crews began building drill pads in late September 2026, and KB Drilling is set to mobilize in late October.
Terra said its previously announced private placement and existing cash will fund the work program, which also includes an initial environmental baseline study. C. Trevor Perkins, P.Geo., the company's Vice President of Exploration, reviewed and approved the technical information under National Instrument 43-101 standards.
Source: GlobeNewswire - https://globenewswire.com/news-release/2026/10/05/3374442/0/en/terra-clean-energy-contracts-kb-drilling-for-10-000-foot-core-drilling-program-at-historic-marysvale-uranium-mine-project-utah-united-states.html