Refined Energy Corp Receives Permit for Dufferin Work
Refined Energy Corp (RRUUF) has received a permit from the Saskatchewan Ministry of Environment for work on the Dufferin Project in the Athabasca basin. The company plans to conduct a drill program focusing on three priority target areas with Eagle Plains Resources
The highest-priority target features two conductors near the Virgin River shear zone: a strong conductor with a distinct magnetic transition and a second conductor, both extending from the unconformity to the basement rocks. These untested targets have relatively shallow sandstone cover of less than 200 meters.
The 10,140-hectare project, comprising North and West Dufferin properties, is located 18 kilometers from Cameco's Centennial deposit. Refined holds an exclusive option to acquire 75% from Eagle Plains. The project area is within the traditional territory of the Birch Narrows Dene Nation and Saskatchewan Métis Nation, with whom the company plans to engage for effective communication.
Refined Energy Corp (RRUUF) ha ricevuto un permesso dal Ministero dell'Ambiente del Saskatchewan per lavori sul Progetto Dufferin nel bacino dell'Athabasca. L'azienda prevede di condurre un programma di perforazione concentrandosi su tre aree target prioritarie con Eagle Plains Resources.
Il target di massima priorità presenta due conduttori vicino alla zona di faglia del Virgin River: un forte conduttore con una transizione magnetica distintiva e un secondo conduttore, entrambi che si estendono dall'inconformità alle rocce di base. Questi target non testati hanno una copertura di arenaria relativamente poco profonda, inferiore ai 200 metri.
Il progetto di 10.140 ettari, che comprende le proprietà North e West Dufferin, si trova a 18 chilometri dal deposito Centennial di Cameco. Refined detiene un'opzione esclusiva per acquisire il 75% da Eagle Plains. L'area del progetto si trova all'interno del territorio tradizionale della Birch Narrows Dene Nation e della Saskatchewan Métis Nation, con cui l'azienda prevede di collaborare per una comunicazione efficace.
Refined Energy Corp (RRUUF) ha recibido un permiso del Ministerio de Medio Ambiente de Saskatchewan para trabajar en el Proyecto Dufferin en la cuenca de Athabasca. La empresa planea llevar a cabo un programa de perforación centrado en tres áreas objetivo prioritarias junto con Eagle Plains Resources.
El objetivo de mayor prioridad presenta dos conductores cerca de la zona de cizallamiento del Río Virgen: un conductor fuerte con una transición magnética distinta y un segundo conductor, ambos extendiéndose desde la inconformidad hasta las rocas de fondo. Estos objetivos no probados tienen una cobertura de arenisca relativamente poco profunda de menos de 200 metros.
El proyecto de 10,140 hectáreas, que comprende las propiedades North y West Dufferin, se encuentra a 18 kilómetros del depósito Centennial de Cameco. Refined tiene una opción exclusiva para adquirir el 75% de Eagle Plains. El área del proyecto se encuentra dentro del territorio tradicional de la Birch Narrows Dene Nation y la Saskatchewan Métis Nation, con quienes la empresa planea interactuar para una comunicación efectiva.
Refined Energy Corp (RRUUF)는 애서바스카 분지의 더퍼린 프로젝트에 대한 작업을 위해 사스캐처원 환경부로부터 허가를 받았습니다. 회사는 이글 플레인 리소스와 함께 세 개의 우선 목표 지역에 초점을 맞춘 시추 프로그램을 수행할 계획입니다.
가장 높은 우선 순위의 목표는 버진 리버 단층대 근처에 두 개의 전도체를 특징으로 합니다: 뚜렷한 자기 전환을 가진 강한 전도체와 두 번째 전도체로, 둘 다 불연속면에서 기반암까지 뻗어 있습니다. 이들 테스트되지 않은 목표는 200미터 미만의 상대적으로 얕은 사암 덮개를 가지고 있습니다.
10,140헥타르의 프로젝트는 노스 및 웨스트 더퍼린 부동산으로 구성되어 있으며, Cameco의 센테니얼 매장지에서 18킬로미터 떨어져 있습니다. Refined는 이글 플레인으로부터 75%를 인수할 수 있는 독점 옵션을 보유하고 있습니다. 프로젝트 지역은 Birch Narrows Dene Nation과 Saskatchewan Métis Nation의 전통적인 영토 내에 있으며, 회사는 효과적인 소통을 위해 이들과 협력할 계획입니다.
Refined Energy Corp (RRUUF) a reçu un permis du Ministère de l'Environnement de la Saskatchewan pour des travaux sur le Projet Dufferin dans le bassin de l'Athabasca. L'entreprise prévoit de mener un programme de forage axé sur trois zones cibles prioritaires avec Eagle Plains Resources.
La cible de la plus haute priorité présente deux conducteurs près de la zone de cisaillement de la rivière Virgin : un conducteur fort avec une transition magnétique distincte et un second conducteur, tous deux s'étendant de l'inconformité aux roches de fond. Ces cibles non testées ont une couverture de grès relativement peu profonde de moins de 200 mètres.
Le projet de 10 140 hectares, comprenant les propriétés North et West Dufferin, est situé à 18 kilomètres du dépôt Centennial de Cameco. Refined détient une option exclusive pour acquérir 75 % d'Eagle Plains. La zone du projet se trouve dans le territoire traditionnel de la Birch Narrows Dene Nation et de la Saskatchewan Métis Nation, avec lesquels l'entreprise prévoit de s'engager pour une communication efficace.
Refined Energy Corp (RRUUF) hat eine Genehmigung vom Ministerium für Umwelt von Saskatchewan für Arbeiten am Dufferin-Projekt im Athabasca-Becken erhalten. Das Unternehmen plant, ein Bohrprogramm durchzuführen, das sich auf drei priorisierte Zielgebiete mit Eagle Plains Resources konzentriert.
Das Ziel mit der höchsten Priorität weist zwei Leiter in der Nähe der Virgin River-Scherschicht auf: einen starken Leiter mit einem deutlichen magnetischen Übergang und einen zweiten Leiter, die beide von der Unkonformität bis zu den Grundgesteinen reichen. Diese ungetesteten Ziele haben eine relativ flache Sandsteindecke von weniger als 200 Metern.
Das 10.140 Hektar große Projekt, das die North und West Dufferin-Eigentümer umfasst, befindet sich 18 Kilometer vom Centennial-Vorkommen von Cameco entfernt. Refined hält eine exklusive Option, 75 % von Eagle Plains zu erwerben. Das Projektgebiet liegt im traditionellen Territorium der Birch Narrows Dene Nation und der Saskatchewan Métis Nation, mit denen das Unternehmen für eine effektive Kommunikation zusammenarbeiten möchte.
- Received government permit for work program
- Multiple untested uranium targets identified
- Proximity to high-grade Centennial deposit (8.78% U3O8)
- Shallow depth target (<200m) potentially reducing exploration costs
- No previous drilling data available
- Only option agreement, not full ownership
- Required indigenous consultation may delay operations
Drill Program Planned
VANCOUVER, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) ("Refined” or the "Company") is pleased to confirm that the permit for work on the Dufferin Project has been received from the Saskatchewan Ministry of Environment. Refined is focused on advancing three priority target areas with Eagle Plains Resources Ltd. (“Eagle Plains”) as described in the January 7, 2025 news release. A drill program is being planned for the highest priority targets.
The three geophysical target areas are adjacent to the Virgin River shear zone. The highest-priority target area is represented by two conductors. One is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. These targets have never been drill tested, and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200 metres. Uranium deposits in the Athabasca basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks. The other two targets are also characterized by conductors with associated magnetic features.
The Dufferin Project is located within an area asserted to be the traditional territory of both the Birch Narrows Dene Nation and the Saskatchewan Métis Nation. Eagle Plains and Refined will make best efforts to engage with local communities in order to establish effective communication and mitigate any specific concerns regarding work programs.
Mark Fields, chief executive officer of the company, stated: "We are very encouraged to be in a position to undertake an initial drill program for Refined in the Athabasca basin, 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."
Refined holds the exclusive option to acquire 75 per cent from Eagle Plains as per the news release on Feb. 27, 2024. The 10,140-hectare Dufferin project is made up of the North and West Dufferin properties. It is located approximately 18 kilometres from Cameco's Centennial deposit, where historic drill hole VR-031W3 intersected 8.78 per cent triuranium octoxide over 33.9 metres (SMAF 74G12-0061).
Qualified person
C.C. (Chuck) Downie, PGeo, 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. The Dufferin Project in the Athabasca Basin is the flagship project of Refined and a drill program is planned for 2025. Refined also has an option to earn up to a
For further information, please contact:
Phone: (604) 398-3378
Email: Info@refinedenergy.com
Cautionary Note Regarding 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 key features of RRUUF's Dufferin Project drilling targets?
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What is the size of RRUUF's Dufferin Project and their ownership stake?
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