Major hydrothermal uranium mineralization system present
Canadian uranium company Aero Energy Ltd (TSXV: AERO; OTCQB: AAUGF; FSE: UU3) has completed its first drilling program at its Murmac project in northern Saskatchewan near Uranium City – and as it seems, successfully.
The program, funded by Aero and executed by partner Fortune Bay, was designed to test regional targets throughout the project area for high-grade, unconformity-hosted bedrock deposits typical of the Athabasca Basin.
High radioactivity detected
In the drilling program that has now been completed, Aero measured radioactivity averaging 1,309 cps (cps) over an interval of 8.7 meters in drill hole M24-017 using a portable spectrometer. The intersection, which contains visible uranium mineralization, showed a high of 33,600 cps!
Subsequently, Areo and Fortune Bay drilled three more holes, each 50 meters apart down dip, along strike to the northeast and along strike to the southwest. These holes (18, 19, 20) also returned elevated radioactivity of up to 850 cps in graphitic rock below a hematized quartzite hanging wall.
Excellent potential confirmed
According to the company, these results confirm the presence of a major hydrothermal uranium mineralization system along this unexplored 1.2 kilometers long electromagnetic conductor structure.
Aero has also drilled further geophysical anomalies and has encountered compelling hydrothermal alteration and structure associated with variably graphitic rocks. This reaffirms the potential of the entire length of the Howland and Armbruster corridors to host unconformity-bound, basement-hosted reservoirs.
Aero Energy is now awaiting the results of the laboratory analysis of the drill cores. Once these have been received and interpreted, a second phase of drilling will be planned to test along strike mineralized drill holes and continue the investigation of priority targets on the project.
In the meantime, Aero is devoting its attention to the adjacent Sun Dog project. Its partner Standard Uranium will carry out a drilling program there. (We already reported)
Galen McNamara, CEO of Aero Energy, stated, “The discovery of a new zone of radioactivity in the right rock by wildcat drilling in only our second drill hole underscores our strong belief that there may be unconformity-hosted uranium deposits in bedrock in this area comparable to Arrow, Triple-R and Gryphon. In my opinion, the relatively smaller and lower grade deposits historically mined in the Uranium City area, where my cousin Gilbert Labine developed the nationally significant Gunnar mine in the early 1950’s, serve as an obfuscation of the larger modern exploration target. Our projects host a 30 km trend of the right graphitic rocks that act as a chemical sponge for uranium-bearing fluids, all of which are highly underexplored for the type of mineralization we are seeking. We are now very much looking forward to the upcoming drilling at the Sun Dog project.”
Figure 1: Aero Energy CEO Galen McNamara and Technical Advisor Garrett Ainsworth measure surface radioactivity at the Wishbone target area on the Sun Dog project.
Figure 2: High grade uranium showings and EM conductors at the Sun Dog Project, highlighting target areas for 2024 summer drilling.
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