Aero Energy Ltd V.AERO

Alternate Symbol(s): AAUGF

Energy

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.

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Aero Energy Ltd

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Post by 1StockInformeron Jul 11, 2024 7:34pm

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Post# 36129398

AERO CEO Galen McNamara at the Metals Investor Forum

In an engaging discussion at the Metals Investor Forum, Galen McNamara, the Interim CEO & Chairman of Aero Energy Limited (TSXV: AERO | OTC Pink: AUUGF), shared insights about the company’s ambitious plans to uncover high-grade uranium deposits.

Project Overview

Aero Energy has secured a 250,000-acre land package in the historic Uranium City district on the northern rim of the Athabasca Basin. This district-scale property includes both fully owned and optioned properties—Sun Dog, Strike, and Murmac. The company’s modern exploration techniques have identified over 50 shallow drill-ready targets and 125 kilometers of target horizon, indicating substantial potential for high-grade, unconformity-style uranium mineralization.

Exploration Strategy and Targets

Aero's exploration strategy focuses on shallow targets, a distinct advantage as these are more cost-effective and time-efficient to drill compared to deeper deposits. McNamara explained that each drilling target, averaging around 200 meters deep, costs approximately CAD 100,000, enabling the company to take 20 to 25 "shots on goal" this summer. The ability to drill shallow targets without having to penetrate barren sandstone layers enhances the potential for rapid discovery.

Recent Drilling Results
Aero recently reported significant radioactivity in the second drill hole of its 2024 exploration campaign at the Murmac Project, recording an average of 1,309 counts per second over 8.7 meters in graphitic pelite, with peak readings of 33,600 cps, indicating visible uranium mineralization.

Aero Energy is preparing additional follow-up drill holes to further explore this high-radioactivity zone and has prioritized 11 drilling targets at Murmac, with more targets under evaluation. Systematic drill core sample collection is ongoing, and all samples will be sent out for UO assay and multi-element analysis.

Conclusion

The interview concluded with McNamara expressing optimism about Aero Energy’s prospects. The combination of a skilled team, strategic land holdings, and modern exploration techniques positions the company to make significant strides in the uranium sector.

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