Welcome to our dedicated page for Aero Energy news (Ticker: AAUGF), a resource for investors and traders seeking the latest updates and insights on Aero Energy stock.
Aero Energy (AAUGF) is a uranium exploration company focused on high-grade deposits in Saskatchewan's Athabasca Basin. This page aggregates official press releases and verified news about drilling programs, partnership developments, and corporate updates.
Investors and industry observers will find timely updates on key projects including Murmac, Sun Dog, and Strike. Content covers geophysical survey results, drilling outcomes, and strategic collaborations with partners like Fortune Bay Corp.
The repository includes updates on exploration techniques such as VTEM surveys, 3D gravity modeling, and radon-in-water analysis. Users can track progress across the company's 250,000-acre land package through verified operational reports.
Bookmark this page for structured access to Aero Energy's latest developments. Check regularly for new insights into basement-hosted uranium targets and technical advancements in mineral exploration.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has completed its summer drill program at the Sun Dog Uranium Project in northwestern Saskatchewan. The program, targeting the Wishbone area, drilled 1,593 meters across 8 holes. Key findings include:
1. Anomalous radioactivity (>300 cps) in 7 of 8 holes
2. Strongly graphitic fault rocks with clay-sericite alteration and hydrothermal hematite
3. Elevated radioactivity associated with stacked graphitic structural zones
The results confirm the project's prospectivity for high-grade basement-hosted uranium deposits. Assays are pending, and follow-up drilling is planned. The Sun Dog Project covers 48,443 acres and includes the historical Gunnar Uranium Mine, which produced approximately 18M lbs of U3O8 between 1953 and 1981.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has begun drilling at its Sun Dog Uranium Project in Saskatchewan. Key highlights include:
- Drilling started on July 23, 2024, with 1,000-1,200 meters planned across 5-7 drill holes
- Targeting shallow high-grade basement-hosted uranium mineralization
- Focus on undrilled and shallow targets refined by recent geophysical work
- Drill program is fully funded and may be expanded based on results
The program aims to test high-priority targets along VTEM corridors associated with cross-cutting faults and surface radioactivity. Target areas include Wishbone, McNie, and Spring-Dome, with potential for discovering significant uranium deposits. The company's CEO, Galen McNamara, expressed optimism about the carefully chosen targets based on favorable radioactive host rocks at surface.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has completed its 2024 summer drill program on the Murmac Uranium Project in Saskatchewan. Key highlights include:
1. A new shallow discovery of radioactivity in hole M24-017, with an average of 1,309 counts per second over 8.7 meters.
2. Confirmation of a larger hydrothermal uranium mineralizing system along a 1.2 km long EM conductor.
3. Strong alteration at additional targets, confirming prospectivity for unconformity-related, basement-hosted deposits.
4. Assays pending and follow-up drilling planned.
5. The company is transitioning to drill the adjacent Sun Dog project.
CEO Galen McNamara expressed optimism about the potential for unconformity-related basement-hosted uranium deposits in the area.
Aero Energy (TSXV: AERO) (OTCQB: AAUGF) has announced new prospecting results and drill target areas at its Sun Dog Uranium Project near Uranium City, Saskatchewan. Key highlights include:
1. Imminent drilling with multiple prospective targets identified
2. Discovery of new uranium zones at Wishbone, McNie, and Spring-Dome target areas
3. Surface radioactivity readings up to 22,300 counts per second at Wishbone
4. Historical high-grade uranium assays ranging from 0.30% to 17.4% U3O8
5. Planned drilling of 1,000 to 1,200 metres across 5-7 holes, starting July 21st
The project, under a three-year earn-in option agreement with Standard Uranium , aims to discover high-grade, unconformity-related basement-hosted uranium mineralization along structural and conductive corridors.
Aero Energy has announced a significant discovery of strong radioactivity in the second drill hole (M24-017) of its 2024 exploration drilling program at the Murmac Uranium Project in Northern Saskatchewan. An average of 1,309 counts per second (cps) was recorded over 8.7 meters in graphitic pelite, with a peak of 33,600 cps. Funded and operated by Fortune Bay Corp, the drill program aims to explore an electromagnetic conductor on the Howland Corridor. The radioactivity is primarily found in structured graphitic pelite below the hematized quartzite. The zone remains open in multiple directions, and 11 additional high-priority targets have been approved for further drilling. Aero Energy is planning immediate follow-up drilling to further explore the discovery.
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.
