Refined Energy Corp. Details Proposed Summer Program for Basin and Milner Projects
Refined Energy Corp (OTC: RFMCF) has outlined its proposed summer exploration program for the Basin and Milner Properties in Saskatchewan. The company plans to conduct various geophysical surveys including electromagnetic, magnetic, resistivity, radiometric, and gravity surveys to identify drilling targets.
The Basin Property, located near Highway 905 in the northeastern Athabasca Basin, shows historical radioactive anomalies. The Milner Property, situated 5km west of Missinipe, has demonstrated significant uranium mineralization with historical channel samples yielding up to 0.500% U3O8 and pit samples reaching 1.39% U3O8.
These properties complement Refined's flagship Dufferin Project, where spring drilling is planned. The company aims to develop a uranium-focused portfolio in the Athabasca Basin region, known for high-grade uranium deposits.
Refined Energy Corp (OTC: RFMCF) ha delineato il suo programma di esplorazione estiva proposto per le Basin and Milner Properties in Saskatchewan. L'azienda prevede di condurre vari sondaggi geofisici, tra cui sondaggi elettromagnetici, magnetici, di resistività, radiometrici e di gravità, per identificare i target di perforazione.
La Basin Property, situata vicino alla Highway 905 nel nord-est della Athabasca Basin, mostra anomalie radioattive storiche. La Milner Property, situata 5 km a ovest di Missinipe, ha dimostrato una significativa mineralizzazione di uranio, con campioni storici che hanno rivelato fino a 0,500% U3O8 e campioni di scavo che raggiungono 1,39% U3O8.
Queste proprietà completano il progetto principale di Refined, il Dufferin Project, dove sono previsti lavori di perforazione in primavera. L'azienda punta a sviluppare un portafoglio focalizzato sull'uranio nella regione della Athabasca Basin, nota per i suoi depositi di uranio ad alta grade.
Refined Energy Corp (OTC: RFMCF) ha delineado su programa de exploración propuesto para el verano en las Basin and Milner Properties en Saskatchewan. La compañía planea realizar varias encuestas geofísicas, incluyendo electromagnéticas, magnéticas, de resistividad, radiométricas y de gravedad para identificar objetivos de perforación.
La Basin Property, ubicada cerca de la Highway 905 en el noreste de la Athabasca Basin, muestra anomalías radiactivas históricas. La Milner Property, situada 5 km al oeste de Missinipe, ha demostrado una significativa mineralización de uranio, con muestras históricas de canal que rinden hasta 0,500% U3O8 y muestras de pozo alcanzando 1,39% U3O8.
Estas propiedades complementan el proyecto insignia de Refined, el Dufferin Project, donde se planean perforaciones en primavera. La compañía apunta a desarrollar un portafolio centrado en el uranio en la región de la Athabasca Basin, conocida por sus depósitos de uranio de alta calidad.
Refined Energy Corp (OTC: RFMCF)는 Saskatchewan의 Basin and Milner Properties에 대한 여름 탐사 계획을 설명했습니다. 이 회사는 전자기, 자기, 저항율, 방사선 및 중력 조사를 포함한 다양한 지구물리학적 조사를 수행하여 시추 목표를 찾을 계획입니다.
Basin Property는 Athabasca Basin의 북동쪽 지역, Highway 905 근처에 위치하고 있으며, 역사적인 방사능 이상 현상을 보여줍니다. Milner Property는 Missinipe에서 서쪽으로 5km 떨어진 곳에 있으며, 역사적인 채널 샘플에서 최대 0.500% U3O8을 보이고, 피트 샘플에서 1.39% U3O8에 이르는 상당한 우라늄 광화가 나타났습니다.
이들 자산은 Refined의 주력 프로젝트인 Dufferin Project를 보완하며, 그곳에서 봄에 시추 작업이 예정되어 있습니다. 이 회사는 고품질 우라늄 매장지로 유명한 Athabasca Basin 지역에서 우라늄 중심의 포트폴리오를 개발하는 것을 목표로 하고 있습니다.
Refined Energy Corp (OTC: RFMCF) a présenté son programme d'exploration estival proposé pour les Basin and Milner Properties en Saskatchewan. La société prévoit de réaliser diverses études géophysiques, y compris des enquêtes électromagnétiques, magnétiques, de résistivité, radiométriques et gravimétriques pour identifier des cibles de forage.
La Basin Property, située près de la Highway 905 dans le nord-est du bassin d'Athabasca, présente des anomalies radioactives historiques. La Milner Property, située à 5 km à l'ouest de Missinipe, a démontré une minéralisation significative de l'uranium, avec des échantillons historiques de canal allant jusqu'à 0,500% U3O8 et des échantillons de fosse atteignant 1,39% U3O8.
Ces propriétés complètent le projet phare de Refined, le Dufferin Project, où des forages sont prévus au printemps. L'entreprise vise à développer un portefeuille axé sur l'uranium dans la région du bassin d'Athabasca, connue pour ses gisements d'uranium de haute qualité.
Refined Energy Corp (OTC: RFMCF) hat sein vorgeschlagenes Sommerexplorationsprogramm für die Basin and Milner Properties in Saskatchewan skizziert. Das Unternehmen plant verschiedene geophysikalische Untersuchungen durchzuführen, einschließlich elektromagnetischer, magnetischer, Widerstandsmessungen, radiometrischer und Schwereuntersuchungen, um Bohrziele zu identifizieren.
Die Basin Property, die sich in der Nähe der Highway 905 im nordöstlichen Athabasca Basin befindet, zeigt historische radioaktive Anomalien. Die Milner Property, die 5 km westlich von Missinipe liegt, hat bedeutende Uranmineralisierungen gezeigt, wobei historische Kanalmuster bis zu 0,500% U3O8 und Grubensamples bis zu 1,39% U3O8 ergaben.
Diese Eigenschaften ergänzen Refineds Flaggschiffprojekt, das Dufferin Project, wo für den Frühling Bohrungen geplant sind. Das Unternehmen zielt darauf ab, ein uranorientiertes Portfolio in der Region des Athabasca Basin zu entwickeln, die für ihre hochgradigen Uranablagerungen bekannt ist.
- Historical samples from Milner Property showed high-grade uranium content up to 1.39% U3O8
- Properties are strategically located near highways for good accessibility
- Company has option to acquire 100% ownership of both properties
- Properties are currently underexplored with historical data
- Exploration program still in planning phase without confirmed timeline
- Additional capital may be required for proposed exploration activities
VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RFMCF; FRA: CWA0) (“Refined” or the “Company”) is pleased to provide details of a proposed summer program for the Basin and Milner Properties under option from Searchlight Resources Inc. (“Searchlight”). Refined has the option to acquire
The Basin and Milner Properties
The Basin Property is prospective for unconformity- and basement-hosted uranium mineralization and are underexplored, while at the Milner Property the focus will be on the outcropping pegmatite and structurally related mineralization. The Company is considering the most effective geophysical exploration methods from a variety that have proven effective in the Athabasca Basin. These include electromagnetic, magnetic, resistivity, radiometric and gravity surveys to delineate prospective conductors and alteration signatures. Geochemical sampling will also be considered over specific structures and conductors. The aim of this exploration work will be to identify anomalies for drill targeting.
The Basin Property is in close proximity to Highway 905 and lies in the northeastern part of the Athabasca Basin. Historical exploration has identified radioactive anomalies associated with linear and conductive features. Structural features which have been identified include faults, dykes, sills and lithological contacts.
The Milner Property is located approximately 5 kilometres west of Missinipe and Highway 102, and 60 kilometres north of La Ronge, Saskatchewan. Uranium staining was noted by a prior operator of the Milner Property 1.4 km northeast of the north end of Milner Lake on the Milner Property. Channel sampling of this area revealed uranium mineralization, mainly uranophane and autunite, which occurs at the contact of granitic gneiss and pegmatite. The seventeen channel samples taken from a 15.2 m trench yielded assays ranging from
A second showing at the Milner Property has been observed in a pegmatite outcrop. Uranium mineralization, primarily uranophane and autunite, at this outcrop occurs on the east side of a shear. Grab samples taken by a prior operator of the Milner Property from the biotitic and feldspathic phases returned
Mark Fields, Chief Executive Officer of the Company stated, “The Basin and Milner properties complement our flagship Dufferin Project, where we are planning a drill program this spring, and demonstrate our commitment to acquiring attractive exploration opportunities for the Company. We added the Basin and Milner properties to our project portfolio last summer. We believe these properties are underexplored and provide another attractive exploration opportunity. These acquisitions further the Company’s strategy of developing a robust uranium-focused portfolio in the Athabasca Basin region, which is renowned for its high-grade uranium deposits and storied history of exploration, discovery, and development.”
Qualified Persons
Stephen Wallace, P.Geo., a “qualified person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a director of Searchlight, 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. The Dufferin Project in the Athabasca Basin is the flagship project of Refined and a drill program is planned for the spring of 2025. 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 Basin and Milner Properties; the exploration potential of the Basin and Milner Properties, including the potential of the Basin and Milner Properties 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 structures delineated by 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 structures delineated by 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.
FAQ
What uranium grades were found in historical samples at RFMCF's Milner Property?
Where are RFMCF's Basin and Milner Properties located?
What exploration methods will RFMCF use for its summer program?
What is the ownership structure of RFMCF's Basin and Milner Properties?
