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Refined Energy Corp. Identifies Uranium Targets at Dufferin North in the Athabasca Basin

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Refined Energy Corp (CSE: RUU; OTC: RFMCF) has completed a review of historical geophysical survey data at its Dufferin North property in the Athabasca Basin, identifying four priority uranium target areas. The analysis, conducted by Condor Consulting, utilized airborne gravity, magnetic, and electromagnetic data.

The property is strategically located adjacent to the Virgin River Shear Zone, approximately 18km from Cameco's Centennial uranium deposit. In fall 2024, Expert Geophysics completed a modern MobileMT airborne survey covering 123 line kilometers over two target zones before weather conditions halted operations.

The identified targets show gravity lows potentially indicating alteration, coinciding with magnetic lows and conductor traces. The company is advancing drill program plans for Dufferin West, located 40 km south of Dufferin North. Refined has an option to acquire up to 75% of the property from Eagle Plains Resources.

Refined Energy Corp (CSE: RUU; OTC: RFMCF) ha completato una revisione dei dati storici di indagini geofisiche presso la sua proprietà Dufferin North nel Bacino di Athabasca, identificando quattro aree prioritarie per l'uranio. L'analisi, condotta da Condor Consulting, ha utilizzato dati di gravimetria aerea, magnetici ed elettromagnetici.

La proprietà è strategicamente situata adiacente alla Virgin River Shear Zone, a circa 18 km dal deposito di uranio Centennial di Cameco. Nell'autunno del 2024, Expert Geophysics ha completato un moderno sondaggio aereo MobileMT che copriva 123 chilometri lineari su due zone di interesse prima che le condizioni atmosferiche fermassero le operazioni.

Gli obiettivi identificati mostrano bassi di gravità che potrebbero indicare alterazioni, coincidenti con bassi magnetici e tracce di conduttori. L'azienda sta avanzando i piani per un programma di perforazione per Dufferin West, situato a 40 km a sud di Dufferin North. Refined ha un'opzione per acquisire fino al 75% della proprietà da Eagle Plains Resources.

Refined Energy Corp (CSE: RUU; OTC: RFMCF) ha completado una revisión de los datos históricos de encuestas geofísicas en su propiedad Dufferin North en la Cuenca de Athabasca, identificando cuatro áreas prioritarias de uranio. El análisis, realizado por Condor Consulting, utilizó datos de gravedad, magnéticos y electromagnéticos aéreos.

La propiedad está estratégicamente ubicada adyacente a la Virgin River Shear Zone, aproximadamente a 18 km del depósito de uranio Centennial de Cameco. En otoño de 2024, Expert Geophysics completó un moderno estudio aéreo MobileMT que abarcó 123 kilómetros lineales sobre dos zonas objetivo antes de que las condiciones climáticas detuvieran las operaciones.

Los objetivos identificados muestran bajos de gravedad que potencialmente indican alteraciones, coincidiendo con bajos magnéticos y trazas de conductores. La empresa está avanzando en los planes del programa de perforación para Dufferin West, ubicada a 40 km al sur de Dufferin North. Refined tiene la opción de adquirir hasta el 75% de la propiedad de Eagle Plains Resources.

Refined Energy Corp (CSE: RUU; OTC: RFMCF)는 아사바스카 분지에 있는 더퍼린 노스 속성의 역사적인 지구 물리 조사 데이터를 검토하여 네 개의 우선순위 우라늄 대상 지역을 확인했습니다. 이 분석은 Condor Consulting에 의해 수행되었으며 항공 중력, 자력 및 전자기 데이터를 활용했습니다.

이 속성은 Virgin River Shear Zone 바로 옆에 전략적으로 위치하고 있으며, Cameco의 센테니얼 우라늄 매장지에서 약 18km 떨어져 있습니다. 2024년 가을, Expert Geophysics는 날씨 조건 때문에 작업이 중단되기 전에 두 개의 목표 지역에 걸쳐 123km의 현대적인 MobileMT 항공 조사를 완료했습니다.

확인된 목표 지역은 잠재적으로 변화를 나타내는 중력 저역을 보여주며, 자력 저역 및 전도체 흔적과 일치합니다. 이 회사는 더퍼린 노스에서 남쪽으로 40km 떨어진 더퍼린 웨스트를 위한 드릴 프로그램 계획을 진행하고 있습니다. Refined는 Eagle Plains Resources로부터 속성의 최대 75%를 인수할 옵션이 있습니다.

Refined Energy Corp (CSE: RUU; OTC: RFMCF) a terminé un examen des données historiques des enquêtes géophysiques concernant sa propriété Dufferin North dans le bassin d'Athabasca, identifiant quatre zones cibles prioritaires pour l'uranium. L'analyse, réalisée par Condor Consulting, a utilisé des données de gravité aérienne, magnétiques et électromagnétiques.

La propriété est stratégiquement située à côté de la Virgin River Shear Zone, à environ 18 km du dépôt d'uranium Centennial de Cameco. À l'automne 2024, Expert Geophysics a achevé un sondage aérien moderne MobileMT couvrant 123 kilomètres linéaires sur deux zones cibles avant que les conditions météorologiques n'interrompent les opérations.

Les cibles identifiées montrent des basses gravimétriques pouvant indiquer une altération, en coïncidant avec des basses magnétiques et des traces de conducteurs. L'entreprise avance dans les plans de programme de forage pour Dufferin West, situé à 40 km au sud de Dufferin North. Refined a l'option d'acquérir jusqu'à 75 % de la propriété de Eagle Plains Resources.

Refined Energy Corp (CSE: RUU; OTC: RFMCF) hat eine Überprüfung historischer geophysikalischer Erhebungsdaten auf seinem Dufferin North Grundstück im Athabasca-Becken abgeschlossen und dabei vier prioritäre Uranzielgebiete identifiziert. Die Analyse, die von Condor Consulting durchgeführt wurde, nutzte Luftgravimetrie, magnetische und elektromagnetische Daten.

Das Grundstück ist strategisch günstig neben der Virgin River Shear Zone gelegen, etwa 18 km vom Uranlager Centennial von Cameco entfernt. Im Herbst 2024 führte Expert Geophysics eine moderne MobileMT-Luftuntersuchung durch, die 123 Linienkilometer über zwei Zielgebiete abdeckte, bevor Wetterbedingungen die Betriebsabläufe stoppten.

Die identifizierten Ziele zeigen Gravitätsminima, die möglicherweise auf Veränderungen hinweisen, und stimmen mit Magnetminima und Leitertrassen überein. Das Unternehmen arbeitet an den Bohrprogrammen für Dufferin West, das 40 km südlich von Dufferin North liegt. Refined hat die Option, bis zu 75 % des Grundstücks von Eagle Plains Resources zu erwerben.

Positive
  • Identification of four priority uranium target areas in strategic location
  • Property located 18km from established Centennial uranium deposit
  • Completion of 123 line kilometers of modern MobileMT airborne survey
  • Multiple geological indicators supporting potential uranium mineralization
Negative
  • Weather conditions forced early termination of the MobileMT survey
  • Results are based on historical data, not yet verified by current exploration

Refined Energy Advances Exploration with New Priority Targets at Dufferin North

VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RFMCF; FRA: CWA0) (“Refined” or the “Company”) is pleased to announce that it has completed the review and interpretation of historical geophysical survey data at the Dufferin North property in the Athabasca Basin. Four priority target areas were identified by Condor Consulting Inc. (“Condor”) using archived electromagnetic (MEGATEM), magnetic and gravity data. The data interpretation is part of the 2024 work program on the Dufferin Project as described in the news release of October 7, 2024. The property lies adjacent to and within the Virgin River Shear Zone, approximately 18km along strike to the south-southwest from the Centennial uranium deposit of Cameco Corporation.

Four target zones were identified by Condor using an airborne gravity survey as the primary data source, complemented by regional magnetic data. A series of gravity lows, potentially indicative of alteration, coincide with a north-northeast trending magnetic low and are overlain by several conductor traces from historical EM surveys. Geochemical anomalies and a lithogeochemical halo are also present on the property.

In the fall of 2024, a modern MobileMT airborne geophysical survey was flown by Expert Geophysics Ltd. to complement the historical datasets. The contractor completed 123 line kilometers over two of the four target zones before needing to abandon the survey due to adverse weather. Interpretation of the recent survey results in conjunction with the historical data is underway.

Mark Fields, Chief Executive Officer of the Company stated, “We are very encouraged to receive positive results from this interpretation of the historical work at Dufferin North. The data will allow us to focus future work on these prospective targets. Simultaneously we are advancing our drill program plans for Dufferin West, located 40 km south of Dufferin North. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin.”

The Dufferin Project is located on or in close proximity to the known trace of the Virgin River Shear Zone and related splays. These are key structures for potential uranium mineralization and are prospective for unconformity- and basement-hosted uranium mineralization. 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.

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. Eagle Plains’ 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.

Refined has an option to acquire up to 75% from the Vendor, Eagle Plains Resources Ltd. (“Eagle Plains”) as per the news release on February 27, 2024.

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 100% interest in the Basin and Milner uranium properties in Saskatchewan. The Company continues to review other mineral properties in North America for possible acquisition in the future.

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


FAQ

What are the main findings from RFMCF's Dufferin North property survey?

Refined Energy identified four priority uranium target areas through analysis of historical geophysical data, showing gravity lows potentially indicating alteration, coinciding with magnetic lows and conductor traces.

How close is RFMCF's Dufferin North property to Cameco's Centennial deposit?

The Dufferin North property is located approximately 18km along strike to the south-southwest from Cameco's Centennial uranium deposit.

What exploration work did RFMCF complete at Dufferin North in fall 2024?

In fall 2024, Expert Geophysics conducted a modern MobileMT airborne geophysical survey, completing 123 line kilometers over two of the four target zones before weather stopped operations.

What percentage can RFMCF acquire in the Dufferin property?

Refined Energy has an option to acquire up to 75% interest in the property from Eagle Plains Resources

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