AERO Begins Drilling at Murmac Uranium Project Yesterday, Aero Energy Ltd. (Ticker: AERO.v or AAUGF for US investors), a mineral exploration and development company, announced the commencement of drilling at its Murmac Uranium Project, located in Saskatchewan’s Athabasca Basin. This initiative marks a significant milestone for Aero Energy, aiming to uncover high-grade uranium deposits within its expansive 250,000-acre land package in the historic Uranium City district.
About the Murmac Project
The Murmac Project is strategically located between the historical Gunnar and Lorado Uranium Mines and has shown significant promise based on historical exploration from 1960 to 1980. Although numerous high-grade uranium occurrences were identified, they were not systematically explored for the basement-hosted mineralization typical of the Athabasca Basin. A 2022 drilling program by Fortune Bay confirmed the potential for high-grade uranium, validating the exploration model and reinforcing the prospectivity of the Murmac Project.
Exploration and Drilling Program
The current drilling program at Murmac will encompass approximately 2,600 meters through ten to thirteen drill holes, with operations led by Fortune Bay Corp. The primary focus is to explore high-grade basement-hosted uranium deposits, with the program being adaptable based on real-time findings. The selection of drill targets was informed by a high-resolution VTEM survey which was completed in April, along with 3D modeling of ground gravity data. These targets are further supported by historical uranium occurrences and previous positive drilling results.
The drilling has begun at target P7, with subsequent drilling planned for targets A15 and P4. These locations were chosen based on geophysical signatures, geological features, and their proximity to past uranium discoveries.
Discovery of Intense Radioactivity
During the initial scouting of drill sites, AERO discovered two occurrences of strong to intense radioactivity at the surface. Target A15 recorded 60,793 counts-per-second (cps) within hematized foliation parallel fractures, while target P4 measured 13,533 cps within hematized fault-hosted fractures perpendicular to foliation.
These readings, measured by a handheld RS-125 Super-SPEC gamma ray spectrometer, underscore the high potential for significant uranium deposits at Murmac.
CEO’s Statement
Galen McNamara, CEO of Aero Energy, expressed enthusiasm about the drilling commencement, stating, “The identification of new zones of strong radioactivity adjacent to drill pads and in close association with the targets below underscores the prospectivity of the Murmac Project. Thanks to the robust earlier exploration work by Fortune Bay and the collaborative target selection process, we are poised to embark on this exciting phase of our drilling program and look forward to the potential discoveries ahead.”
Future Exploration Plans
In addition to the Murmac Project, AERO is prioritizing further exploration at its Sun Dog and Strike projects, with plans for an additional 2,000 meters of fully funded drilling. This expanded drilling effort highlights Aero’s commitment to leveraging modern exploration techniques to uncover high-grade uranium deposits across its properties.
Aero Energy’s proactive approach and strategic exploration initiatives position it as a promising player in advancing uranium exploration within the Athabasca Basin, aiming to meet the growing global demand for this critical energy resource.
Full news here: https://aeroenergy.ca/2024/aero-energy-announces-drilling-underway-at-the-murmac-uranium-project/
Posted on behalf of Aero Energy Ltd.