Aero Energy: More than half of all drill holes intersect sections of anomalous radioactivity

During an initial drilling program at the Murmac and Sun Dog projects in northern Saskatchewan, Aero Energy Ltd (TSXV: AERO; OTCQB: AAUGF; FSE: UU3) was able to confirm its exploration model and detect increased radioactivity in 12 out of 16 drill holes.

The two uranium projects, Murmac and Sun Dog, are located in the north of the Canadian province of Saskatchewan, which is known for its uranium wealth. Nevertheless, it is becoming increasingly clear that Aero Energy is active in an area that has been neglected in the past despite its proximity to the major uranium deposits in Saskatchewan.

Aero Energy had selected twelve targets for the drilling program. A total of 16 holes with a total length of 3,150 metres were to be drilled on them. Eight holes with a total length of approximately 1,550 metres were drilled at Murmac, while the eight holes drilled at Sun Dog had a total length of 1,600 metres.

More than half of the drill holes were completed successfully, with nine holes intersecting elevated radioactivity. The mineralisation encountered is quite similar to that found at the already known Arrow and Triple R deposits.

It is particularly encouraging that many of the finds are located in layers very close to the surface. For example, drill hole M24-017 intersected an 8.4-metre section of 0.3% uranium oxide (U3O8) at a depth of only 64 metres. The intersected mineralisation was identified in a strongly graphitic and structured rock. This host rock is very typical of the uranium deposits in the Athabasca Basin.

Aero Energy finds its exploration model confirmed

This finding is important, as it confirms Aero Energy’s exploration thesis and suggests that the untested graphitic horizons in the area are highly prospective. This is remarkable because there are several graphitic horizons with a strike length of over 70 kilometres.

The majority of these have not yet been explored for high-grade, basement-hosted uranium deposits. For Aero Energy, this past neglect represents an attractive opportunity for the future. The company still has a great deal of work ahead of it, as only the first steps have been taken and only a small part of the potential exploration area has been investigated.

In the coming weeks, Aero Energy, together with its option partners Fortune Bay and Standard Uranium, will plan follow-up investigations and define the targets for the winter drilling programme. The approach taken so far confirms that the uranium mineralisation in the ground is very similar to that of the major deposits in the Athabasca Basin.