Indications of Uranium Mineralization on Murmac
The Canadian uranium company Aero Energy (TSXV AERO / Frankfurt UU3) has completed its first proprietary drilling program on its Murmac project in northern Saskatchewan near Uranium City – and as can already be surmised, successfully.
The program, funded by Aero and conducted by partner Fortune Bay, was designed to test regional targets across the project area for high-grade, unconformity-related deposits in the basement rock, typical of the Athabasca Basin.
High Radioactivity Discovered
With the now completed drilling program, Aero had, among other things, measured an average radioactivity of 1,309 cps (counts per second) in drill hole M24-017 with a portable spectrometer over an interval of 8.7 meters. At its peak, the section, which contains visible uranium mineralization, even reached 33,600 cps!
Subsequently, Aero and Fortune Bay conducted three more drillings, each 50 meters apart down-dip, along strike to the northeast, and along strike to the southwest. These boreholes (18, 19, 20) also showed increased 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 larger hydrothermal uranium mineralization system along this unexplored 1.2-kilometer-long electromagnetic conductor structure.
Aero has also investigated geophysical anomalies with further drilling and encountered convincing hydrothermal alteration and structure associated with variably graphitic rock. This again reinforces the potential of the entire length of the Howland and Armbruster corridors for unconformity-related, basement-hosted deposits.
Aero Energy is now awaiting the results of the laboratory analysis of the drill cores. Once these are available and analyzed, they plan to schedule a second drilling phase to test along the strike of mineralized boreholes and continue the investigation of priority uranium targets on the project.
In the meantime, Aero is now focusing more on the adjacent Sun Dog project. There, partner Standard Uranium will conduct a drilling program. We had already reported on this: Successful Prospecting Leads to New Drilling Targets Near Uranium City
Galen McNamara, CEO of Aero Energy, stated: “The discovery of a new zone of radioactivity in the right rocks through wildcat drilling in only our second drill hole underscores our firm belief that there could be unconformity-related uranium deposits in the basement in this area comparable to Arrow, Triple-R, and Gryphon. In my opinion, the relatively smaller and lower-grade deposits that were mined in the past in the Uranium City area, where my cousin Gilbert Labine developed the nationally significant Gunnar mine in the early 1950s, serve as a smokescreen for the larger modern exploration target. Our projects host a 30 km long 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 looking for. We are now very much looking forward to the upcoming drilling on the Sun Dog project.”
