Refined Energy Corp. Commences Work Programs on Dufferin Project in the Athabasca Basin
Refined Energy Corp has commenced its 2024 work program on the Dufferin Project in the Athabasca Basin, Saskatchewan. The program includes an airborne MobileMT geophysical survey at Dufferin North and interpretation of historical geophysical data at Dufferin West and North. The company has also expanded the project area to 10,140 hectares.
The Dufferin Project, located near the Virgin River Shear Zone, is prospective for uranium mineralization. It comprises North and West properties, situated about 18km from Cameco's Centennial Deposit. The work aims to identify deep-seated structures potentially associated with uranium mineralization.
Refined has the option to acquire up to a 75% interest in the Dufferin Project from Eagle Plains Resources through cash payments, share issuances, and funding exploration expenditures.
Refined Energy Corp ha avviato il suo programma di lavoro per il 2024 sul Progetto Dufferin nel Bacino di Athabasca, Saskatchewan. Il programma include un sondaggio geofisico aereo MobileMT presso Dufferin North e l'interpretazione dei dati geofisici storici a Dufferin West e North. L'azienda ha anche ampliato l'area del progetto a 10.140 ettari.
Il Progetto Dufferin, situato vicino alla Virgin River Shear Zone, è promettente per la mineralizzazione dell'uranio. Comprende le proprietà North e West, situate a circa 18 km dal Deposito Centennial di Cameco. Il lavoro mira a identificare strutture profonde potenzialmente associate alla mineralizzazione dell'uranio.
Refined ha l'opzione di acquisire fino a un 75% di interesse nel Progetto Dufferin da Eagle Plains Resources attraverso pagamenti in contante, emissioni di azioni e finanziamento di spese esplorative.
Refined Energy Corp ha comenzado su programa de trabajo 2024 en el Proyecto Dufferin en la Cuenca de Athabasca, Saskatchewan. El programa incluye un estudio geofísico aéreo MobileMT en Dufferin North y la interpretación de datos geofísicos históricos en Dufferin West y North. La compañía también ha ampliado el área del proyecto a 10,140 hectáreas.
El Proyecto Dufferin, ubicado cerca de la Zona de Corte de Virgin River, es prospectivo para la mineralización de uranio. Comprende propiedades North y West, situadas a unos 18 km del Depósito Centennial de Cameco. El trabajo tiene como objetivo identificar estructuras profundas potencialmente asociadas con la mineralización de uranio.
Refined tiene la opción de adquirir hasta un 75% de interés en el Proyecto Dufferin de Eagle Plains Resources a través de pagos en efectivo, emisión de acciones y financiamiento de gastos de exploración.
Refined Energy Corp는 았바스카 분지, 사스캐처원에서 다퍼린 프로젝트의 2024년 작업 프로그램을 시작했습니다. 이 프로그램에는 다퍼린 노스에서의 비행 모바일MT 지구물리 조사가 포함되며, 다퍼린 웨스트 및 노스의 역사적 지구물리 데이터 해석이 포함됩니다. 회사는 프로젝트 면적을 10,140 헥타르로 확대했습니다.
다퍼린 프로젝트는 버진 리버 전단대 근처에 위치해 있으며, 우라늄 광물화를 위한 잠재력을 가지고 있습니다. 북쪽 및 서쪽 속성으로 구성되어 있으며, Cameco의 센테니얼 매장지에서 약 18km 떨어져 있습니다. 이 작업의 목적은 우라늄 광물화와 관련될 수 있는 깊은 구조를 식별하는 것입니다.
Refined는 현금 지급, 주식 발행 및 탐사 지출 자금을 통해 Eagle Plains Resources로부터 다퍼린 프로젝트에서 최대 75%의 지분을 확보할 옵션이 있습니다.
Refined Energy Corp a lancé son programme de travail 2024 sur le Projet Dufferin dans le bassin d'Athabasca, Saskatchewan. Le programme comprend une enquête géophysique MobileMT aérienne à Dufferin North et l'interprétation des données géophysiques historiques à Dufferin West et North. L'entreprise a également élargi la zone du projet à 10 140 hectares.
Le Projet Dufferin, situé près de la zone de cisaillement de Virgin River, est prometteur pour la minéralisation d'uranium. Il comprend des propriétés North et West, situées à environ 18 km du dépôt Centennial de Cameco. Le travail vise à identifier des structures profondes potentiellement associées à la minéralisation d'uranium.
Refined a la possibilité d'acquérir jusqu'à 75 % d'intérêt dans le Projet Dufferin auprès d'Eagle Plains Resources par le biais de paiements en espèces, d'émissions d'actions et de financement des dépenses d'exploration.
Refined Energy Corp hat sein Arbeitsprogramm für 2024 im Dufferin-Projekt im Athabasca-Becken, Saskatchewan, gestartet. Das Programm umfasst eine luftgestützte MobileMT-Geophysik-Erhebung in Dufferin North sowie die Interpretation historischer geophysikalischer Daten in Dufferin West und North. Das Unternehmen hat auch das Projektgebiet auf 10.140 Hektar erweitert.
Das Dufferin-Projekt, das sich in der Nähe der Virgin River Scherzone befindet, ist vielversprechend für die Uranmineralisierung. Es umfasst die Nord- und West-Immobilien, die etwa 18 km vom Centennial-Deposito von Cameco entfernt liegen. Ziel der Arbeiten ist es, tief liegende Strukturen zu identifizieren, die potenziell mit Uranmineralisierung in Verbindung stehen.
Refined hat die Möglichkeit, bis zu 75% Beteiligung am Dufferin-Projekt von Eagle Plains Resources durch Barzahlungen, Aktienausgaben und Finanzierung von Explorationsaufwendungen zu erwerben.
- Expansion of Dufferin Project to 10,140 hectares, increasing potential exploration area
- Commencement of 2024 work program, including advanced geophysical surveys
- Strategic location near known uranium deposits in the Athabasca Basin
- Option to acquire up to 75% interest in the Dufferin Project
- None.
Dufferin Project also increased to over 10,000 hectares
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RFMCF; FRA: CWA0) (“Refined” or the “Company”) is pleased to announce that the 2024 work program on the Dufferin Project is underway. The Dufferin Project is located in the Athabasca Basin in Saskatchewan, Canada. The planned work includes an airborne MobileMT geophysical survey at Dufferin North and interpretation and modeling of historical geophysical data at Dufferin West and North. The Dufferin North interpretation and modeling will include 3D inversions. In addition to the above work, Refined and the Vendor, Eagle Plains Resources Ltd. (“Eagle Plains”) have acquired a further 2,837 hectares at Dufferin West, further expanding the Dufferin Project to 10,140 hectares.
Mark Fields, Chief Executive Officer of the Company stated, “We are excited to get the planned work programs underway and to further increase the size of the Dufferin Project. The Athabasca Basin region is renowned for its history of exploration, discovery, and development of high value uranium mines. The Dufferin Project is located in proximity to NE-SW trending faults which are known to host uranium mineralization. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin.”
The Dufferin Project and Work Programs
The Dufferin Project is made up of the North and West properties, both of which are located approximately 18km from Cameco’s Centennial Deposit (historic drill hole VR-031W3 intersected
An airborne MobileMT geophysical survey is planned for the Dufferin North property. The MobileMT is an advanced geophysical method that can effectively identify deep seated structures that may be associated with feeder fault systems to uranium mineralization.
The Dufferin West program will initially focus on an advanced interpretation of available geophysical datasets in order to determine the most prospective locations for follow up electromagnetic (“EM”) ground surveys to refine drill targeting.
The Dufferin Project is prospective for unconformity- and basement-hosted uranium mineralization in proximity to the Virgin River Shear Zone. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin Project. The relatively high concentration of secondary uranium bearing minerals demonstrated by prior exploration work on the Dufferin Project may also indicate uranium mineralization remobilization may play an important role in this region of the Athabasca Basin. Geophysical EM and magnetic anomalies demonstrated by prior exploration work on the Dufferin Project are supported by previous uranium and boron soil and lake sediment anomalies along the inferred fault zones, which are expected to aid in focusing future exploration programs.
Refined has the right, at its option, to acquire up to a
Some of the above results were taken directly from the SMDI descriptions and assessment reports (SMAF) filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Persons
C. C. (Chuck) Downie, P.Geo., a “qualified person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
About Refined Energy Corp.
Refined Energy Corp. is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. In addition to the Dufferin Project, Refined also has an option to earn up to a
For further information, please contact:
Phone: (604) 398-3378
Email: Info@refinedenergycorp.com
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company’s exploration plans and objectives at the Dufferin Project; the exploration potential of the Dufferin Project, including the potential of the Dufferin Project to host unconformity- and basement-hosted uranium mineralization; and the utility of prior historic exploration work in focusing future exploration programs.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, the assumption that: the Company will successfully complete its planned exploration programs in accordance with current expectations and that such programs will yield the results anticipated by the Company, including identifying disrupted faults delineated by EM conductors and other geophysical anomalies for drill targeting.
Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral projects, including risks relating to changes in project parameters as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including identifying disrupted faults delineated by EM conductors and other geophysical anomalies for drill targeting and discovering unconformity- and basement-hosted uranium mineralization. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The CSE has neither approved nor disapproved the information contained herein.
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1 This result was taken from Saskatchewan Industry and Resources Assessment Work File: 74G12-0061, Cameco Corp., 2009, DDH VR-031W3. The Company has not had a qualified person verify this information, and this information is not necessarily indicative of the mineralization (if any) present at the Project.
FAQ
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