Zones of Strong Radioactivity Discovered Near Drill Targets!
The time has come: The promising uranium company Aero Energy Ltd (TSXV: AERO; OTC Pink: AUUGF; FSE: UU3) is letting the drills do the talking! After recently selecting the 13 most promising targets on the Murmac project, the company’s first own drilling program in its history has now begun.
And the Murmac program, which is set to include around 2,600 meters of drilling spread across 13 drill holes, seems to be off to a good start. As Aero reports, “strong to intense” radioactivity has been discovered near two of the selected drill targets while checking the drill locations!
Accordingly, 60,793 cps (counts per second) were detected at Target A15 using a portable gamma-ray spectrometer (RS-125 Super-SPEC from Radiation Solutions) in the hanging wall of the target. At Target P4, 13,533 cps were detected, also in the hanging wall of the target. According to Aero CEO Galen McNamara, this once again underscores the great discovery potential of the Murmac project.
The first drill hole of the program, conducted by Aero Energy’s partner Fortune Bay, is already underway at Target P7. The next targets planned are A15 and P4. (An overview of the targets planned for 2024 can be found in the map below.)
The goal of the now-launched drilling program is to search for high-grade uranium deposits in the basement rock, which Aero identified using a geophysical VTEM survey and 3D modeling of ground gravity data. The targets were prioritized based on geophysical characteristics, geological/structural location, proximity to interesting historical uranium occurrences, and positive previous drilling results from predecessor and partner Fortune Bay. Aero Energy is also very flexible in executing the program and can adapt it in real-time to the initial drilling results.
Exploration Model Already Confirmed
The company’s decision to begin drilling on the Murmac project is no coincidence. The property is located between the historical Gunnar and Lorado uranium mines and has already shown significant potential in the past. Exploration work between 1960 and 1980 identified numerous high-grade uranium occurrences. However, and this is the difference from Aero Energy’s approach, these were not systematically investigated for uranium mineralization contained in the basement rock, which is typical for the world-renowned Athabasca Basin, on the edge of which the company’s projects are located. In 2022, a drilling program by Fortune Bay with multiple drill holes demonstrated the potential for high-grade uranium – thus confirming the exploration model.
Drilling Planned on Additional Projects
While Aero Energy advances the drilling program on Murmac, they are already selecting the most promising targets for the Sun Dog and Strike projects. An additional 2,000 meters of drilling are planned to follow, which is also fully funded.
Conclusion: Aero Energy is using state-of-the-art exploration technologies in the search for high-grade uranium deposits on the northern edge of the Athabasca Basin. The responsible geologists have gained their knowledge of unconformity-related uranium mineralizations, which are among the highest-grade deposits in the world, through practical experience with discoveries such as NexGen Energy (Arrow) or Fission Energy (Triple R) in the western Athabasca Basin, and therefore know exactly what to look for in the signature of high-grade deposits. Looking at Aero’s management, there is no doubt that the A-team of uranium exploration has assembled here.
