AERO Partner Shares Exploration Plan for Sun Dog Project Aero Energy Ltd. (Ticker: AERO.v or, AAUGF for US investors) is a junior uranium exploration company dedicated to advancing its Murmac and Sun Dog Uranium Projects in the historic Uranium City district of Saskatchewan’s Athabasca Basin.
Recent drilling results from AERO's Murmac project include the detection of an average of 1,309 counts per second was recorded over 8.7 meters in graphitic pelite, with a peak of 33,600 counts per second using an RS-125 Spectrometer, indicating visible uranium mineralization.
Systematic drill core sample collection is underway, with samples to be analyzed at SRC Geoanalytical Laboratories in Saskatoon for UO assay and multi-element characterization.
Additionally, yesterday, AERO's partner, Standard Uranium Ltd. (Ticker: STND.v or STTDF for US investors), announced the 2024 exploration plans for the Sun Dog Uranium Project. This is part of the companies' three-year earn-in option agreement.
Under the agreement AERO can earn up to a 100% interest in the Sun Dog Project by making cash payments, issuing shares and funding C$6.5 million in exploration expenditures over a three-year period.
This summer's diamond drilling program at the project aims to target high-grade uranium across several land-based locations within the project area.
The Sun Dog Project spans 48,443 acres in nine mining claims near Uranium City, on the Athabasca Basin's northern margin.
Notably, the project hosts the historical Gunnar Mine, which produced 18 million pounds of U3O8 between 1953 and 1981, making it a significant former uranium producer globally.
Sun Dog's future exploration potential is significant, with several identified anomalies and largely unexplored conductor strike lengths offering promising opportunities for new discoveries. Aero Energy's involvement and funding are crucial to advancing these exploration efforts.
https://ca.finance.yahoo.com/news/standard-uranium-prepares-summer-drill-113000991.html
Posted on behalf of Aero Energy Ltd.