Aero Energy Highlights Discovery Potential on the High-Grade Murmac & Sun Dog Uranium Projects
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has reported positive results from its recent exploration activities at the Murmac and Sun Dog Uranium Projects in Northern Saskatchewan. The company completed 16 drill holes across 12 targets, with anomalous radioactivity detected in 12 holes. A significant discovery was made in hole M24-017, which intersected 8.4 m at 0.3% U3O8, including individual assays up to 13.8% U3O8, just 64 m below the surface.
The exploration confirmed the presence of uranium mineralization within graphitic and structured rocks, validating Aero's exploration model targeting basement-hosted vein deposits. The company highlighted the untapped potential of over 70 km of largely unexplored graphitic horizons in the area. Aero Energy is now planning follow-up winter drill programs to further test these promising areas.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) ha riportato risultati positivi dalle sue recenti attività di esplorazione presso i progetti minerari di uranio Murmac e Sun Dog nel Saskatchewan settentrionale. L'azienda ha completato 16 perforazioni su 12 obiettivi, con radioattività anomala rilevata in 12 fori. Una scoperta significativa è stata fatta nel foro M24-017, che ha intercettato 8,4 m a 0,3% U3O8, con singoli assaggi fino al 13,8% U3O8, a soli 64 m dalla superficie.
L'esplorazione ha confermato la presenza di mineralizzazione di uranio all'interno di rocce grafiche e strutturate, convalidando il modello di esplorazione di Aero mirato a depositi di vene ospitate nel basement. L'azienda ha evidenziato il potenziale non sfruttato di oltre 70 km di orizzonti grafitici in gran parte inesplorati nella zona. Aero Energy sta ora pianificando programmi di perforazione invernali di follow-up per testare ulteriormente queste aree promettenti.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) ha informado resultados positivos de sus recientes actividades de exploración en los proyectos de Uranio Murmac y Sun Dog en Saskatchewan del Norte. La compañía completó 16 perforaciones en 12 objetivos, con radioactividad anómala detectada en 12 agujeros. Se realizó un descubrimiento significativo en el agujero M24-017, que intersectó 8.4 m a 0.3% U3O8, incluyendo ensayos individuales de hasta 13.8% U3O8, a solo 64 m bajo la superficie.
La exploración confirmó la presencia de mineralización de uranio dentro de rocas grafíticas y estructuradas, validando el modelo de exploración de Aero enfocado en depósitos de vetas de fondo. La compañía destacó el potencial inexplorado de más de 70 km de horizontes grafíticos en gran parte no explorados en la zona. Aero Energy ahora está planificando programas de perforación invernales de seguimiento para probar aún más estas áreas prometedoras.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF)는 북부 사스캐처원에 위치한 Murmac 및 Sun Dog 우라늄 프로젝트에서 최근 탐사 활동의 긍정적인 결과를 보고했습니다. 회사는 12개 목표 지점에서 16개의 시추 홀을 완료했으며, 12개 홀에서 비정상적인 방사능이 감지되었습니다. M24-017 홀에서 중요한 발견이 있었으며, 8.4m에서 0.3% U3O8을 인터셉트 했습니다, 개인적으로 최대 13.8% U3O8의 분석 결과가 나왔으며, 이는 지표면에서 불과 64m 아래의 위치에서 이루어졌습니다.
탐사 결과 흑연 및 구조화된 암석 내에서 우라늄 광물이 존재함이 확인되어 Aero의 기반에 미주성 방향으로 위치한 맥의 탐사 모델이 유효함이 입증되었습니다. 회사는 해당 지역에서 크게 탐사되지 않은 70km 이상의 흑연 지평선의 미개척 잠재력을 강조했습니다. Aero Energy는 현재 이러한 유망 지역을 추가로 테스트하기 위한 겨울 시추 프로그램을 계획하고 있습니다.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) a rapporté des résultats positifs de ses récentes activités d'exploration sur les projets d'uranium Murmac et Sun Dog dans le Saskatchewan Nord. La société a terminé 16 forages sur 12 cibles, avec une radioactivité anormale détectée dans 12 trous. Une découverte significative a été faite dans le trou M24-017, qui a intersecté 8,4 m à 0,3% U3O8, incluant des échantillons individuels allant jusqu'à 13,8% U3O8, à seulement 64 m sous la surface.
L'exploration a confirmé la présence de minéralisation d'uranium dans des roches graphiques et structurées, validant le modèle d'exploration d'Aero visant des dépôts de veines hébergées dans le socle. La société a souligné le potentiel inexploité de plus de 70 km d'horizons graphiques largement inexplorés dans la région. Aero Energy prévoit maintenant des programmes de forage d'hiver complémentaires pour tester davantage ces zones prometteuses.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) hat positive Ergebnisse aus den jüngsten Explorationsaktivitäten in den Uranprojekten Murmac und Sun Dog in Nord-Saskatchewan gemeldet. Das Unternehmen hat 16 Bohrlöcher an 12 Zielorten abgeschlossen, wobei anomale Radioaktivität in 12 Löchern nachgewiesen wurde. Eine bedeutende Entdeckung wurde im Bohrloch M24-017 gemacht, das 8,4 m mit 0,3% U3O8 durchschnitt und Einzelauswertungen von bis zu 13,8% U3O8, nur 64 m unter der Oberfläche, beinhaltete.
Die Exploration bestätigte das Vorhandensein von Uranmineralisierung in graphitischen und strukturierten Gesteinen, was das Explorationsmodell von Aero, das auf schachtelgehaltige Vorkommen abzielt, validierte. Das Unternehmen hob das unerschlossene Potenzial von über 70 km weitgehend unerforschten graphitischen Horizonten in der Umgebung hervor. Aero Energy plant nun folgende Winterbohrprogramme, um diese vielversprechenden Gebiete weiter zu testen.
- Discovery of high-grade uranium mineralization in hole M24-017: 8.4 m at 0.3% U3O8 with assays up to 13.8% U3O8
- Anomalous radioactivity detected in 12 out of 16 drill holes
- Confirmation of exploration thesis targeting basement-hosted vein deposits
- Identification of over 70 km of largely unexplored graphitic horizons with high potential
- Successful completion of VTEM™ Plus survey covering 3,350 km of flight lines
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to provide a review and follow-up analysis on the recent exploration and discovery at the Murmac and Sun Dog Projects in Northern Saskatchewan, near Uranium City. The detection of high-grade uranium in the basement rocks validates Aero Energy's exploration model, which targets basement-hosted vein deposits akin to those found at the renowned Arrow and Triple R deposits.
Highlights:
Completion of Aero's First Drill Programs at Murmac & Sun Dog Projects: A total of 16 drill holes were completed testing 12 targets in Aero's maiden drill program. Intervals of anomalous radioactivity were intersected in 12 of the 16 holes.
Shallow New Discovery: New high grade uranium discovery in hole M24-017 which intersected 8.4 m at
0.3% U3O8 with individual assays reaching13.8% U3O8 intersected only 64 m below surface.Exploration Thesis Confirmed: Mineralization was intersected within strongly graphitic and structured rocks, the favored hosts for Athabasca Basin high-grade deposits. This confirms the company's exploration thesis that the untested graphitic horizons across this area are highly prospective.
Overlooked & Underexplored: The presence of multiple graphitic horizons with over 70 km of strike largely unexplored for high-grade basement hosted uranium deposits represents a significant opportunity.
Work Just Beginning: The targets tested during the summer 2024 program represent only a small fraction of the dozens on the ground and the Company is working with its option partners to prioritize follow ups for a winter drill program to further test these promising areas.
Galen McNamara, CEO of Aero Energy, commented, "From the launch of the Company in January, we took a very diligent yet aggressive approach to discovery. The combination of historical data and the results from the first drill program serve as evidence that basement hosted mineralization akin to the large deposits beneath and adjacent to the Athabasca Basin is present in the area. As we drive towards unlocking the full potential of the projects, we look forward to continued work with both Fortune Bay & Standard Uranium."
Murmac & Sun Dog Project Summary
The Murmac Project covers an area of 25,607 acres in seventeen mining claims located 15 km from Uranium City on the northern margin of the Athabasca Basin. The area is estimated to have produced approximately 70 million pounds of U₃O₈ at grades ranging from 0.18 to
The Sun Dog Project covers an area of 48,443 acres in nine mining claims, located 15 km from Uranium City on the northern margin of the Athabasca Basin. It hosts the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada's uranium production and became the largest uranium producer globally in 1956. The Gunnar Mine produced approximately 18M lbs of U₃O₈ between 1953 and 1981².
Historical exploration efforts primarily focused on the "Beaverlodge-style" deposit model, targeting lower-grade, fault-hosted mineralization visible at the surface. This approach did not target, and would not have been effective for, the high-grade "Unconformity-related" basement-hosted deposits associated with graphitic rocks more recently discovered near the Athabasca Basin's edge (e.g. Arrow, Triple R). The Company's discovery hole (M24-017) intersected 8.4 m at
Figure 1. Schematic cross-section of basement-hosted uranium deposits
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Recent Exploration Activities
Previous Investments: Between 2020 and 2023, exploration partners Fortune Bay and Standard Uranium invested
Aero Energy's Exploration:
VTEM™ Plus Survey: A helicopter-borne VTEM™ Plus system was employed to identify electrically conductive graphite-rich rocks, favoured targets for large basement-hosted uranium deposits. The survey covered the Sun Dog and Murmac properties, consisting of 3,350 km of flight lines arranged in a grid pattern with 100 m spacing between each line.
Target Generation: Targets were selected based on the high-resolution VTEM™ survey and 3D modelling of ground gravity data. Geophysical signatures, geological features, proximity to historical uranium occurrences, and positive past drilling results by Fortune Bay and Standard Uranium further informed these selections.
Discovery of Radioactivity: Two occurrences of strong to intense radioactivity were identified at surface while scouting initial drill site locations:
Target A15: 60,793 counts-per-second in the hanging wall of the target within hematized foliation parallel fractures.
Target P4: 13,533 counts-per-second in the hanging wall of the target within hematized fault-hosted fractures perpendicular to foliation.
Summer 2024 Drilling Activities:
Murmac: Approximately 1,550 meters of drilling were completed through eight drill holes at the Murmac Project.
Sun Dog: Approximately 1,600 meters of drilling across eight drill holes, targeting shallow high-grade basement-hosted uranium mineralization, starting with the Wishbone target area.
Figure 2. 30 km Mineralized trend across Murmac & Sun Dog
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Qualified Person
The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., CEO of the Company and a qualified person as defined by National Instrument 43-101.
About Aero Energy Limited
Aero Energy is a mineral exploration and development company advancing a district-scale 250,000-acre land package in the historic Uranium City district within Saskatchewan's Athabasca Basin. Aero Energy is focused on uncovering high-grade uranium deposits across its flagship optioned properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. With the application of modern exploration techniques, the Company has identified over 50 shallow drill-ready targets and 125 kilometers of target horizon on the frontier north rim of the Athabasca Basin. Aero Energy is tapping into the Athabasca Basin's emerging potential for high-grade, unconformity-style mineralization.
On Behalf of the Board of Directors
"Galen McNamara"
Galen McNamara, Chief Executive Officer
Further information on the Company can be found on the Company's website at www.aeroenergy.ca and the Company's SEDAR+ profile at www.sedarplus.ca, or by contacting the Company by email at info@aeroenergy.ca.
References
Geology and Genesis of Major World Hardrock Uranium Deposits, United States Geological Survey, Open-File Report 81-166, 1981.
Gunnar Uranium Mine: From Cold War Darling to Ghost Town, L. Schramm, Saskatchewan Research Council, 2018.
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Forward-Looking Statements: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include expectations regarding the intended use of proceeds from the Offering; the renunciation of Qualifying Expenditures; completion of a final tranche of the Offering; the amount of the final tranche of the Offering; and exploration activities. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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FAQ
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