- Aero Energy Ltd. (TSXV:AERO) has commenced drilling at its Sun Dog uranium project, near Uranium City in northwestern Saskatchewan
- This program is being operated by Standard Uranium Ltd. (TSXV:STND) in accordance with an underlying option agreement between the two companies
- The program plans to drill approximately 1,000-1,200 metres across five to seven drill holes targeting shallow, high-grade basement-hosted uranium mineralization,
- Aero Energy Ltd. last traded at $0.07 per share and Standard Uranium Ltd. last traded at $0.11 per share
Aero Energy Ltd. (TSXV:AERO) has commenced drilling at its Sun Dog uranium project, near Uranium City in northwestern Saskatchewan.
Field crews have arrived on-site, and drilling operations have begun. This program is being funded by Aero Energy and operated by Standard Uranium Ltd. (TSXV:STND), in accordance with an underlying option agreement between the two companies.
Highlights
- Drilling underway: Drilling activities began on Tuesday. The program plans to drill approximately 1,000-1,200 metres across five to seven drill holes targeting shallow, high-grade basement-hosted uranium mineralization, starting with the Wishbone target area.
- Undrilled and shallow drill targets: The drilling plans include helicopter-supported diamond drilling focusing on high-priority targets identified through geophysical work completed earlier this year. This work has been strengthened by recent prospecting and the identification of strong surface radioactivity within ideal uranium host rocks.
- Untapped uranium potential: The drilling will target areas along refined VTEMTM corridors, using a proven exploration strategy of focusing on major conductor trends associated with cross-cutting faults and surface radioactivity expressions.
- Fully funded: The drill program is fully funded and may be expanded based on results.
“With drilling now underway at Sun Dog, we are very much looking forward to testing the targets,” Aero Energy’s CEO, Galen McNamara, said in a news release. “Each target was carefully chosen based on a number of features and strengthened by the identification of favourable radioactive host rocks at surface. In my experience, targets like this are rare, so I’m glad we are in a position to quickly test them via drilling.”
This marks a significant step forward for Aero Energy as it explores the potential of the Sun Dog Uranium Project, with promising indicators pointing towards a successful drilling campaign.
Sun Dog covers a 196-square-kilometre area in nine mining claims on the northern margin of the Athabasca Basin. It is host to the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada’s uranium production and became the largest uranium producer globally in 1956.
Aero Energy is a mineral exploration and development company tapping into the Athabasca Basin’s emerging potential for high-grade, unconformity-style mineralization.
Focused on the identification, acquisition, and exploration of Athabasca-style uranium targets, Standard Uranium holds interest in more than 850 square km in the Athabasca Basin.
Aero Energy Ltd. (TSXV:AERO) last traded at $0.07 per share and Standard Uranium Ltd. (TSXV:STND) last traded at $0.11 per share.
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(Top photo: Standard Uranium Ltd.)