Aero Energy Reflects on a Successful 2024 and Outlines Path Forward into 2025
Aero Energy (AAUGF) has completed successful maiden drill programs at its Murmac and Sun Dog Projects in Saskatchewan during 2024, with a total of 16 drill holes across 12 targets. A significant highlight was a new high-grade uranium discovery at Murmac's Howland Lake North target, where drill hole M24-017 intersected 8.4m at 0.3% U₃O₈, including exceptional intervals of 13.8% and 4.54% U₃O₈ over 0.10m each.
The company completed approximately 1,550 meters of drilling at Murmac and 1,600 meters at Sun Dog, with 12 of 16 holes intersecting anomalous radioactivity. The exploration validated the presence of over 70 kilometers of graphitic horizons across both projects, presenting opportunities for district-scale discoveries.
For 2025, Aero plans a winter drill program at Murmac with at least 6 drill holes to follow up on the high-grade discovery, alongside additional exploration at Sun Dog. The company has also granted 2,200,000 stock options at CAD $0.07, expiring January 2, 2030.
Aero Energy (AAUGF) ha completato con successo i programmi di perforazione iniziali nei suoi progetti Murmac e Sun Dog in Saskatchewan durante il 2024, con un totale di 16 tubi di perforazione su 12 obiettivi. Un'importante novità è stata la scoperta di un nuovo uranio ad alta legge nel target Howland Lake North di Murmac, dove il foro di perforazione M24-017 ha intersecato 8.4m a 0.3% U₃O₈, compresi intervalli eccezionali del 13.8% e 4.54% U₃O₈ su 0.10m ciascuno.
L'azienda ha completato circa 1.550 metri di perforazione a Murmac e 1.600 metri a Sun Dog, con 12 dei 16 fori che hanno intersecato radioattività anomala. L'esplorazione ha convalidato la presenza di oltre 70 chilometri di orizzonti grafitici in entrambi i progetti, presentando opportunità per scoperte su scala distrettuale.
Per il 2025, Aero prevede un programma di perforazione invernale a Murmac con almeno 6 perforazioni per seguire la scoperta ad alta legge, insieme a ulteriori esplorazioni a Sun Dog. L'azienda ha anche concesso 2.200.000 opzioni su azioni a CAD $0.07, con scadenza il 2 gennaio 2030.
Aero Energy (AAUGF) ha completado con éxito los programas de perforación iniciales en sus proyectos Murmac y Sun Dog en Saskatchewan durante 2024, con un total de 16 pozos de perforación en 12 objetivos. Un aspecto destacado fue un nuevo descubrimiento de uranio de alta ley en el objetivo Howland Lake North de Murmac, donde el pozo de perforación M24-017 intersectó 8.4m a 0.3% U₃O₈, incluyendo intervalos excepcionales del 13.8% y 4.54% U₃O₈ sobre 0.10m cada uno.
La empresa completó aproximadamente 1,550 metros de perforación en Murmac y 1,600 metros en Sun Dog, con 12 de los 16 pozos intersectando radiactividad anómala. La exploración validó la presencia de más de 70 kilómetros de horizontes grafíticos en ambos proyectos, presentando oportunidades para descubrimientos a escala distrital.
Para 2025, Aero planea un programa de perforación invernal en Murmac con al menos 6 pozos para seguir la alta ley del descubrimiento, junto con exploraciones adicionales en Sun Dog. La compañía también ha otorgado 2,200,000 opciones sobre acciones a CAD $0.07, que vencen el 2 de enero de 2030.
Aero Energy (AAUGF)는 2024년 스스캐처원에 있는 Murmac 및 Sun Dog 프로젝트에서 총 12개의 목표 지점에 걸쳐 16개의 시추공을 포함하는 성공적인 첫 시추 프로그램을 완료했습니다. 중요한 하이라이트는 Murmac의 Howland Lake North 목표에서의 새로운 고등급 우라늄 발견이었습니다. 시추공 M24-017은 8.4m에서 0.3% U₃O₈를 교차하며, 각각 0.10m 간격으로 13.8% 및 4.54% U₃O₈의 뛰어난 간격을 포함했습니다.
회사는 Murmac에서 약 1,550미터, Sun Dog에서 1,600미터의 시추를 완료했으며, 16개의 홀 중 12개가 이상 방사능을 탐지했습니다. 탐사는 두 프로젝트 모두에서 70킬로미터 이상의 흑연 지층 존재를 검증하여 지역 규모의 발견 기회를 제공하고 있습니다.
2025년을 위해 Aero는 Murmac에서 고등급 발견을 따르기 위해 최소 6개의 시추홀을 포함한 겨울 시추 프로그램을 계획하고 있으며, Sun Dog에서도 추가 탐사를 진행할 예정입니다. 회사는 또한 CAD $0.07에 2,200,000개의 주식 옵션을 부여했으며, 이는 2030년 1월 2일에 만료됩니다.
Aero Energy (AAUGF) a achevé avec succès ses premiers programmes de forage sur ses projets Murmac et Sun Dog en Saskatchewan en 2024, avec un total de 16 forages sur 12 cibles. Un point marquant a été une nouvelle découverte d'uranium de haute qualité sur la cible Howland Lake North de Murmac, où le forage M24-017 a croisé 8.4m à 0.3% U₃O₈, y compris des intervalles exceptionnels de 13.8% et 4.54% U₃O₈ sur 0.10m chacun.
L'entreprise a réalisé environ 1 550 mètres de forage à Murmac et 1 600 mètres à Sun Dog, avec 12 des 16 forages révélant une radioactivité anormale. L'exploration a validé la présence de plus de 70 kilomètres d'horizons graphitiques dans les deux projets, offrant des opportunités de découvertes à l'échelle du district.
Pour 2025, Aero prévoit un programme de forage hivernal à Murmac avec au moins 6 forages pour suivre la découverte de haute qualité, ainsi que des explorations supplémentaires à Sun Dog. L'entreprise a également accordé 2 200 000 options d'actions à 0,07 CAD, arrivant à échéance le 2 janvier 2030.
Aero Energy (AAUGF) hat im Jahr 2024 erfolgreich die ersten Bohrprogramme in seinen Projekten Murmac und Sun Dog in Saskatchewan abgeschlossen, mit insgesamt 16 Bohrlöchern an 12 Zielen. Ein bedeutendes Highlight war die Entdeckung von neuem hochgradigem Uran im Ziel Howland Lake North von Murmac, wo das Bohrloch M24-017 8.4m bei 0.3% U₃O₈ schnitt, einschließlich außergewöhnlicher Intervalle von 13.8% und 4.54% U₃O₈ über je 0.10m.
Das Unternehmen führte etwa 1.550 Meter Bohrungen in Murmac und 1.600 Meter in Sun Dog durch, wobei 12 von 16 Löchern anomale Radioaktivität aufwiesen. Die Exploration bestätigte die Präsenz von über 70 Kilometern grafitischen Horizonten in beiden Projekten und bietet Möglichkeiten für Entdeckungen imDistriktmaßstab.
Für 2025 plant Aero ein Winterbohrprogramm in Murmac mit mindestens 6 Bohrlöchern, um die Hochgradentdeckung weiterzuverfolgen, neben zusätzlicher Exploration in Sun Dog. Das Unternehmen hat auch 2.200.000 Aktienoptionen zu einem Preis von 0,07 CAD gewährt, die am 2. Januar 2030 ablaufen.
- New high-grade uranium discovery at Murmac with 8.4m at 0.3% U₃O₈
- 75% success rate with 12 of 16 drill holes showing anomalous radioactivity
- Confirmation of 70km of prospective graphitic horizons across projects
- Shallow mineralization discovered only 64 metres below surface
- drilling completed in 2024 (only 3,150 meters total)
- Most of the identified targets remain untested
Maiden Drill Programs Confirm High-Grade Basement-Hosted Uranium Potential
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2025) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to provide a comprehensive summary of its operational achievements in 2024, highlighted by its successful maiden drill programs at the Murmac and Sun Dog Projects in northern Saskatchewan, and to outline exploration plans for 2025 as the Company advances its pursuit of discovering a high-grade uranium deposit at the edge of Canada's world-class Athabasca Basin.
2024 Highlights
Completion of Aero's First Drill Programs at Murmac and Sun Dog
- Aero successfully completed its maiden drill programs with a total of 16 drill holes testing 12 targets across the two projects.
- At the Murmac Project, approximately 1,550 meters of drilling were completed across eight drill holes, primarily testing the Howland Lake North target, where a new high-grade discovery was made.
- At the Sun Dog Project, approximately 1,600 meters of drilling were completed across eight drill holes, starting with the Wishbone target area, which targeted shallow high-grade basement-hosted uranium mineralization.
- Encouragingly, 12 of the 16 holes intersected anomalous radioactivity, validating the exploration potential across both projects.
New High-Grade Discovery at Murmac
- A major highlight of the 2024 program was a new high-grade uranium discovery at Murmac's Howland Lake North target. Drill hole M24-017 intersected:
- 8.4 m at
0.3% U₃O₈, including exceptional intervals of13.8% U₃O₈ over 0.10 m and4.54% U₃O₈ over 0.10 m.
- 8.4 m at
- This high-grade mineralization was encountered only 64 metres below surface within strongly graphitic and structurally favorable rocks, confirming the potential for shallow, basement-hosted uranium deposits similar to other world-class discoveries in the Athabasca Basin.
Exploration Thesis Confirmed
- Results at both Murmac and Sun Dog validate Aero's exploration thesis that underexplored graphitic corridors in this region of the Athabasca Basin northern rim represent exceptional opportunities for high-grade uranium discoveries.
- Mineralization encountered in graphitic, faulted, and brecciated rocks confirms the geological setting required for high-grade basement-hosted uranium systems.
Underexplored Opportunity
- Aero's exploration in 2024 has demonstrated the potential for over 70 kilometers of graphitic horizons across the Murmac and Sun Dog projects.
- These corridors remain largely untested, presenting an unparalleled opportunity for district-scale discoveries of basement-hosted uranium.
Work Just Beginning - Significant Untapped Potential
- The targets tested during the summer 2024 drill program represent only a small fraction of the identified targets.
- Aero is currently working with its option partners to prioritize the most promising areas for follow-up exploration in 2025, including additional geophysics and drilling.
Looking Ahead to 2025
Building on the success of 2024, Aero Energy is well-positioned for a robust and focused exploration campaign in 2025:
- Winter 2025 Drill Program at Murmac
- Aero will return to the Howland Lake North target to follow up on the high-grade uranium discovery in hole M24-017. The winter drill program will include approximately at least 6 drill holes to step-out from and define the extent of this shallow mineralization.
- A detailed radon-in-water survey will precede drilling to refine targets along the graphitic conductors at Howland Lake North and South, where additional mineralization has already been intersected.
- Further Testing at Sun Dog
- Aero will advance Sun Dog with a focus on testing newly identified targets derived from 2024 geophysical surveys and surface geochemical sampling.
- New exploration efforts will build upon the success of the 2024 program at the Wishbone target area, with further drilling planned to test shallow basement-hosted mineralization.
- Unrealized Potential Across Both Projects
- With over 70 kilometers of graphitic corridors and numerous high-priority targets remaining untouched, Aero's focus will expand beyond the 2024 discoveries to systematically explore and delineate additional high-grade uranium zones across Murmac and Sun Dog.
Galen McNamara, CEO of Aero Energy, commented:
"2024 has been a transformational year for Aero Energy as we successfully completed our first drill programs at Murmac and Sun Dog. The shallow, high-grade uranium discovery at Murmac's Howland Lake North validates our belief that these overlooked graphitic corridors are highly prospective for basement-hosted uranium deposits. With over 70 kilometers of largely untested conductors across our project areas, we are only at the beginning of unlocking the full potential of these projects. In 2025, we will focus on expanding these discoveries through step-out drilling, additional surveys, and systematic exploration to advance Aero toward delineating a high-grade uranium deposit in the Athabasca Basin."
Stock Option Grant
The Company has approved the grant of 2,200,000 stock options to certain officers, directors, employees and consultants of the Company under the Company's stock option plan. The options vest in equal intervals over a one-year period following the grant date, are exercisable to purchase one Aero Common Share at a price of CAD
About Aero Energy Limited
Aero Energy is a mineral exploration and development company advancing a district-scale 250,000-acre land package in Saskatchewan's historic Uranium City district within the Athabasca Basin. Aero 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. Aero is led by an award-winning technical team responsible for discoveries along the prolific Patterson Corridor that include the Gryphon (TSX: DML), Arrow (TSX: NXE), and Triple-R (TSX: FCU) deposits. With over 50 shallow drill-ready targets identified and 125 km of target horizon, Aero is tapping into the 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 aeroenergy.ca and at www.sedarplus.ca, or by contacting the Company by email at info@aeroenergy.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. These forward‐looking statements or information relate to, among other things the exploration and development of the Company's mineral exploration projects including completion of drilling activities.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the public health crises; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235751
FAQ
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