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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.


TSXV:AERO - Post by User

Aero Energy Ltd
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Post by Betteryear2on Dec 22, 2023 8:47am
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Post# 35797317

Angold Resources Acquisition of Saskatchewan UraniumProjects

Angold Resources Acquisition of Saskatchewan UraniumProjectsVancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L0) ("Angold" or the "Company") is pleased to announce that it has entered into a definitive share purchase agreement dated December 21, 2023, to acquire (the "Acquisition") 1443904 B.C. Ltd. ("NumberCo"). NumberCo holds options to acquire up to 70% of the Murmac Property and Strike Property, and 100% of the Sun Dog Property, (collectively the "Optioned Properties"). The Optioned Properties are all located in proximity to Angold's existing uranium exploration properties near Uranium City, Saskatchewan, creating a leading land position totalling 101,108 hectares in the prolific Beaverlodge mining district where approximately 70 million pounds of U3O8 was produced between 1950 and 19821. Additionally, the Company announces that it intends to change its name to Aero Energy Limited (the "Name Change").

Angold Resources Announces Acquisition of Saskatchewan Uranium Projects; Proposed Name Change to Aero Energy Limited (newsfilecorp.com)


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