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Alternate Symbol(s): AAUGF

Metals & Mining Gold

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... see more

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Aero Energy Ltd > NEWS Summary: AERO Plans Winter 2025 Drilling at Murmac

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Post by 1StockInformer on Dec 10, 2024 6:29pm

NEWS Summary: AERO Plans Winter 2025 Drilling at Murmac

Today, Aero Energy Limited (AERO.v or AAUGF for US investors) announced plans for a winter 2025 drilling campaign at its Murmac Uranium Project in northern Saskatchewan. This program follows the high-grade uranium discovery from the summer 2024 drill campaign and will focus on the Howland Lake North target area.

Highlights:

High-Grade Uranium Discovery: During the summer 2024 program, drill hole M24-017 intersected 8.40m at 0.30% UO, including 1.20m at 1.79% UO, with peak values up to 13.80% UO over 0.10m. This mineralization was found just 64m below the surface in graphitic rocks.
Winter 2025 Program: Aero plans to drill six diamond drill holes (~900m) along the Howland Lake North graphitic conductor, targeting shallow uranium deposits identified during the summer campaign. A radon-in-water survey will be conducted in early January 2025 to refine drill targets.
Potential for Discovery: Howland Lake North has been identified as a promising area with anomalous uranium and elevated geochemical pathfinders. The project also includes over 35km of graphitic conductors, offering additional targets for future exploration.

2024 Drill Results:

During the summer 2024 campaign, Aero completed eight drill holes (1,685m) across key corridors. These holes revealed favorable geological settings for high-grade uranium mineralization and yielded anomalous uranium in five drill holes. Results confirmed the presence of graphitic target units with strong geochemical pathfinder associations typical of Athabasca Basin deposits.

r/PennyStocksCanada - NEWS SUMMARY: Aero Energy (AERO.v or AAUGF for US investors) Plans Winter 2025 Drilling at Murmac Uranium Project

Next Steps:

The radon-in-water survey, covering both northern and southern Howland Lake, will inform the winter drill campaign and potentially identify additional targets for exploration. Aero aims to further its understanding of the Howland Lake graphitic conductor and unlock new high-grade uranium opportunities across the project.

Full news here: https://aeroenergy.ca/2024/aero-energy-and-fortune-bay-to-plan-winter-drilling-at-the-murmac-project/

Posted on behalf of Aero Energy Ltd.