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Aero Energy Ltd V.AERO

Alternate Symbol(s):  AAUGF

Aero Energy Limited, formerly Angold Resources Ltd, is an exploration and development company targeting large-scale mineral systems worldwide. Its assets include projects in Chile and uranium projects in Canada. The Chile Properties include Lajitas and Dorado claims comprise the Dorado property and is located in the Maricunga region of Chile. The Nevada claim comprises the Cordillera property and is also located in the Maricunga region of Chile. The Company holds a 100% interest in the Dorado and the Cordillera Properties that include a 2% net smelter royalty. The Dorado Property hosts Maricunga-style gold porphyry and epithermal gold deposits. The uranium projects in Canada are prospective for high-grade uranium mineralization. The Company also holds a 70% interest in the Murmac Property and Strike Property, and 100% in the Sun Dog Property. The Sun Dog Property (Sun Dog) covers an area of approximately 19,604 ha in nine mining claims and is host to the historic Gunnar uranium mine.


TSXV:AERO - Post by User

Post by 1StockInformeron Jun 25, 2024 7:41pm
70 Views
Post# 36106083

AERO.v Announces Significant Radioactivity Intersection

AERO.v Announces Significant Radioactivity Intersection

Aero Energy Ltd. (Ticker: AERO.v or AAUGF for US investors) is making significant strides in the historic Uranium City district within Saskatchewan’s Athabasca Basin. 


Today the uranium junior announced the intersection of strong radioactivity in the second drill hole (M24-017) of its 2024 exploration drilling program at its Murmac Project.


An average of 1,309 counts per second was recorded over 8.7 meters in graphitic pelite, with up to 33,600 counts per second using a handheld RS-125 Spectrometer, associated with visible uranium mineralization. 

User image
 

AERO CEO, Galen McNam,ara stated, “The discovery of strong radioactivity in only the second hole ever drilled by the Company confirms our exploration thesis, underscores the prospectivity of the search-space, and opens up many interesting discovery possibilities." 


The drilling at Murmac is still ongoing, with the drill core currently logged to a depth of 94.5 meters. The strong radioactivity is primarily hosted in structured graphitic pelite, immediately below the contact with hematized quartzite, approximately 70 to 78 meters vertically below the surface. 


AERO is currently planning appropriate follow-up holes to further investigate the zone of strong radioactivity. The company has approved 11 high-priority targets at Murmac for drilling, with multiple others under consideration. 


Systematic collection of drill core samples is underway, and all samples will be submitted to SRC Geoanalytical Laboratories in Saskatoon for UO assay and multi-element characterization.


Full news here

https://aeroenergy.ca/2024/aero-energy-and-fortune-bay-hit-strong-radioactivity-murmac-uranium-project/


Posted on behalf of Aero Energy Ltd.

 
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