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Aero Energy Ltd (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) is a mineral exploration and development company based in Vancouver, British Columbia. With a strategic focus on uncovering high-grade uranium and gold deposits, Aero Energy operates across proven mineral districts in Chile and Canada.
The company has made significant strides in exploring and developing large-scale mineral systems. Aero Energy owns a 100% interest in several highly prospective gold projects in Chile, including the Dorado Project, which is known for its major porphyry-gold system. Recent drilling at Dorado has returned promising results, adding substantial value to the project and indicating potential for further expansion.
In Canada, Aero Energy concentrates on the prolific Uranium City district within Saskatchewan's Athabasca Basin. The company has secured options on three drill-ready uranium projects - Sun Dog, Murmac, and Strike - totaling 250,000 acres. These projects are strategically positioned to tap into the region's emerging potential for high-grade, unconformity-style mineralization. Aero Energy's exploration efforts are supported by modern techniques, robust geological data, and strategic partnerships with experienced operators like Fortune Bay Corp. and Standard Uranium Ltd.
The company's recent rebranding and name change from Angold Resources Ltd. to Aero Energy Limited reflects its expanded focus on both gold and uranium exploration. Aero Energy's mission is to advance its projects through systematic exploration, leveraging advanced geophysical surveys, and targeted drilling to identify and develop significant mineral deposits.
With a strong management team, clear strategic vision, and a commitment to responsible exploration, Aero Energy Ltd. is positioned to become a leading player in the mineral exploration sector. Stay updated with Aero Energy's latest developments, drilling results, and strategic initiatives by following their official communications and updates.
Aero Energy has commenced drilling at its Murmac Uranium Project located in the Athabasca Basin, Saskatchewan. This is Aero's first-ever drill program and involves approximately 2,600 meters through ten to thirteen drill holes. The program aims to explore high-grade basement-hosted uranium deposits and is adaptable based on real-time findings. The drilling targets were chosen based on a high-resolution VTEM survey and 3D ground gravity data modeling conducted earlier in 2024.
Additionally, strong to intense radioactivity was discovered near initial drill site locations, with counts up to 60,793 cps at target A15 and 13,533 cps at target P4. The company is also prioritizing further exploration at its Sun Dog and Strike projects, planning an additional 2,000 meters of drilling. CEO Galen McNamara emphasized the program's potential for significant discoveries.
Aero Energy announces the commencement of its first-ever drilling program at the Murmac Uranium Project in the Athabasca Basin, Saskatchewan. The company has selected thirteen high-priority drill targets following a recent high-resolution VTEMTM survey and 3D modeling of ground gravity data. The drilling, operated by Fortune Bay, will cover approximately 2,600 meters with 10-13 drill holes aimed at discovering high-grade basement-hosted uranium. The project benefits from extensive historical exploration data and Fortune Bay's previous positive drilling results. Additional targets at Sun Dog and Strike projects are also prioritized for further drilling. The program will be modified based on drilling results.
Aero Energy has provided an update on its Strike Project in the Athabasca Basin, Saskatchewan. Partner Fortune Bay conducted the recent exploration, highlighting multiple undrilled targets and historical uranium showings with grades up to 27% U3O8.
Key findings include historical mining at the Tena Zone with up to 3.5% U3O8, exploration focusing on three conductor corridors of graphitic host rocks, and a first-pass drilling in 2022 uncovering uranium in three holes.
The project spans 24,711 acres with historical data showing potential for future discoveries. A fully funded drill program is set to commence in early June, testing 20-25 targets.
Under an option agreement, Aero can earn up to 70% interest in the Strike and Murmac projects by investing $6 million in exploration, alongside cash and stock payments.
Aero Energy (TSXV: AERO) strengthens its Board of Directors and Management Team with the appointment of Grace Marosits as a director and Martin Bajic as Chief Financial Officer. The Company also announces the grant of 5,600,000 incentive stock options to officers, directors, and consultants, with a vesting period of one year and an exercise price of $0.15.
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