Aero Energy: Target selection for the Murmac uranium project underway!

Canada’s Aero Energy (TSXV AERO / WKN A4007Y) can earn a 70% stake in the promising Murmac uranium project in the world-famous Athabasca Basin – and intends to take the first step shortly. This is based on data obtained by the operating partner Fortune Bay, primarily in 2022. However, historical data is also available, including data from the predecessor company of uranium giant Cameco Corp.

In the past, though, a different exploration model was pursued, concentrating primarily on investigating outcrops on the surface. However, Aero Energy currently believes that the most prospective targets are in graphitic shear zones, as seen in deposits such as NexGen Energy’s Arrow and Fission Uranium’s Triple R elsewhere in the Athabasca Basin. However, these types of bedrock deposits, or graphitic shear zones, are not visible at the surface. Which means that most of the promising drill targets on the Murmac project have not yet been explored!

Samples yielded up to 8.82% U3O8!

Fortune Bay had completed prospecting and sampling on the project area in 2022 as well as airborne VTEM surveys, which can detect electrically conductive, graphitic rocks, a gravity survey and initial drilling. This contributed to the fact that numerous high-grade uranium deposits with more than 1% U3O8 in outcrops are already known at Murmac. In addition, uranium-bearing boulders were also discovered which, according to Fortune, contain up to 8.82% U308 and the first drill holes also detected uranium!

Aero is currently focusing its exploration efforts on three already known corridors of graphite-rich bedrock that extend over a total strike length of more than 30 kilometers. Other such corridors are already being evaluated and prioritized for further exploration.

As mentioned above, Fortune Bay has already drilled initial holes at Murmac in 2022, encountering uranium mineralization in six of 15 holes, highly prospective hydrothermal alteration and anomalous concentrations of so-called “pathfinder” elements within what was considered to be particularly prospective rock.

In the meantime, Aero and its operating partners have already identified 45 preliminary drill targets that lie at very shallow depths of between 20 and 150 meters below the surface. These results are currently being refined, which should also be aided by the results of a new, more closely spaced VTEM survey that was flown over the project at the end of March. The new drilling is scheduled to begin in June.

Galen McNamara, CEO of Aero, said: “We are working closely with our operating partners to combine historical geological knowledge with modern science on the ground. This will help us select the best targets to drill in the upcoming drill program to unlock the full potential of the Murmac uranium project and maximize value for our stakeholders.”