Zones of high radioactivity discovered near drill targets!

Now the time has come: promising uranium company Aero Energy (WKN A4007Y / TSXV AERO) is letting the drills do the talking! After recently selecting the 13 most promising targets on its Murmac project, the first drill program in the company’s history is now underway.

And the Murmac program, which is to comprise around 2,600 metres of drilling spread over 13 drill holes, can boast auspicious signs. Because, according to Aero, “strong to intense” radioactivity was detected in proximity to two of the selected drill targets while the drill sites were being scouted!

As a result, 60,793 cps (counts per second) were detected in the hanging wall of target A15 using a portable gamma-ray spectrometer (RS-125 Super-SPEC from Radiation Solutions). At target P4, 13,533 cps were detected, also in the hanging wall of the target. As explains Aero CEO Galen McNamara, this once again underlines the great discovery potential of the Murmac project.

The first hole of the program carried out by Aero Energy’s partner Fortune Bay is already being drilled at target P7. The next targets will be A15 and P4. (An overview of the targets planned for 2024 can be found in the map below).

Drill targets at Murmac 2024; Source Aero Energy

The objective of the drill program now underway is to search for high-grade uranium occurrences in bedrock (basement), where Aero has established promising targets using a VTEM geophysical survey and 3D modeling of ground gravity data. Targets were then prioritized based on geophysical nature, geological/structural location, proximity to interesting historical uranium occurrences and previous positive drill results from predecessor and partner Fortune Bay. Aero Energy is also very flexible in the execution of the program and can adapt it in real time to the initial drill results.

Exploration model already confirmed

The fact that the company is beginning with this year’s drilling on the Murmac project is no coincidence. The property is located between the historic Gunnar and Lorado uranium mines and has already shown considerable potential in the past. Exploration work between 1960 and 1980 revealed numerous high-grade uranium deposits. However, and this is the difference to Aero Energy’s current approach, these were not systematically tested for bedrock-hosted uranium mineralization typical of the world-renowned Athabasca Basin, on the edge of which the company’s projects are located. In addition, a Fortune Bay drill program in 2022 with several drill holes revealed the project’s potential for high-grade uranium – thus confirming the exploration model.

Drilling planned for further projects

While Aero Energy is pressing ahead with the drilling program at Murmac, the most promising targets are already being selected for the Sun Dog and Strike projects. An additional 2,000 meters of drilling are to follow there, the execution of which is also fully financed.

Conclusion: The preparations have taken some time, but now Aero Energy’s drills are turning in its first ever program! In recent weeks and months, we have already drawn attention on various occasions to how promising the company’s various uranium projects are. In view of the discovery of strong radioactivity in the vicinity of two drill targets at Murmac, we believe that the chances of an initial drill success are particularly high here. Aero is still a risky speculation, but we believe that once drilling begins, and especially if drilling is successful, the stock could gain significantly in momentum. We will stay on the ball!



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According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares in Aero Energy Ltd. and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time, which may affect the price of Aero Energy Ltd. shares. In addition, GOLDINVEST Consulting GmbH is remunerated by Aero Energy Ltd. for reporting on the company. This is another clear conflict of interest.

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