Aero Energy Announces Airborne VTEM™ Plus Survey Targeting High-Grade Uranium Mineralization on the Athabasca Basin’s Northern Rim
Aero Energy Announces Airborne VTEM™ Plus Survey Targeting High-Grade
Uranium Mineralization on the Athabasca Basin’s Northern Rim
Vancouver, British Columbia – March 26, 2024 - Aero Energy Ltd (TSXV: AERO) (OTC Pink:
AAUGF) (FSE: UU3) (“Aero” or the “Company”) is pleased to announce the start of an airborne
VTEM™ Plus survey aimed at high -grade uranium exploration within its district -scale uranium
exploration portfolio, situated in the Athabasca Basin's Northern Rim. The survey is being carried
out by Geotech Ltd. of Aurora, Ontario.
Highlights
• Direct Detection Capabilities: The helicopter-borne VTEM™ Plus system readily detects
the electrically conductive graphite -rich rocks that are the favoured targets for large
basement-hosted uranium deposits.
• Large and Detailed Survey Area: The survey will cover the Sun Dog and Murmac
properties and consist of 3,350 km of flight lines in a grid pattern with 100 m spacing
between each flight line . This will allow for prioritization of existing drill targets and
generation of additional drill targets.
• Cutting Edge Approach: This survey represents one important modern tool that the
Company is utilizing to maximize high-grade uranium discovery efficiency. Much of the
survey area is unexplored and unsurveyed by modern methods thus providing a key new
discovery opportunity in a frontier region of the Athabasca Basin.
• New Ideas & New Vectors: These large properties are significantly underexplored for
basement-hosted uranium, examples of which include NexGen Energy’s Arrow Deposit
(TSX:NXE) and Fission Uranium’s Triple R Deposit (TSX:FCU).
• Fast Track to Drilling Dozens of Targets: Since 2020, exploration partners Fortune Bay
(TSXV:FOR) and Standard Uranium (TSXV:STND) have invested $7.6M in early
exploration revealing dozens of targets, multiple uranium-fertile EM-conductor corridors
and ten new shallow uranium occurrences between 20 and 150 m below surface poised
for immediate exploration as a starting point.
Galen McNamara, CEO of Aero Energy, commented: “VTEM™ Plus surveys represent a
significant step forward in Aero's ongoing efforts to leverage advanced technology for exploration
success.” He continued, “the survey will allow us to obtain high -resolution data of our targeted
mineralizing systems, which we believe to be active across the survey area. By leveraging
innovative technology and our internal expertise, we are confident in our ability to unearth the full
potential of our assets and deliver value to our stakeholders.”
Figure 1: Survey flight line pattern over the Sun Dog and Murmac properties (lay flight lines over
this map)
Figure 2: Geotech Ltd. VTEM™ survey system collecting data in the field.
Survey Description and Background
The helicopter-borne VTEM™ (Versatile Time-Domain Electromagnetic) Plus system, which is
known for its high-resolution imaging capabilities, is a time domain electromagnetic system that
is particularly useful for its ability to detect conductive materials deep underground, enabling Aero
to identify mineral targets with exceptional precision. Additionally, the system also contains a high-
sensitivity cesium magnetometer-gradiometer for the mapping of geologic structure and lithology.
The Company is leveraging this cutting -edge technolo gy to reveal and refine previously
unexplored, high-hosted basement-style targets within the Uranium City district.
The survey is underway and will consist of approximately 3,350 line -kilometers of VTEM™ Plus
flown over the Murmac and Sun Dog properties in a grid pattern with 100 m spacing between
flight lines. The survey will cover a substantial area of interest identified by Aero's exploration
team much of which is previously unsurveyed by modern methods , providing valuable insights
into the subsurface geology and potential mineralization in the area. This comprehensive survey
aims to build on previously gathered data to create a full-picture of the site's geological structures
and mineral prospects. The VTEM™ Plus survey is expected to be completed within three to four
weeks, with preliminary results to be published shortly thereafter.
Corporate Update
Aero also announces that it has entered into an agreement (the “Agreement”) with Blue Summit
Ventures (“Blue Summit”) , an arm's -length party to the Company, to provide business
development and digital marketing initiatives to enhance awareness of the Company. Blue
Summit will leverage social media harnessing the power of various platforms to raise awareness
of Aero, engage with stakeholders, and communicate the Company's ongoing uranium
exploration and development program. The initial term of the Agreement is for a period of six
months for an aggregate amount of $175,000 plus applicable taxes. As of the date hereof, to the
Company's knowledge, Blue Summit (including its directors and officers) do es not own any
securities of the Company. The Agreement remains subject to approval by the TSX Venture
Exchange.
Qualified Person
The technical content of this news release has been reviewed and approved by Galen McNamara,
P. Geo., CEO of the Company and a qualified person as defined by National Instrument 43-101.
About Aero Energy Limited
Aero Energy is a mineral exploration and development company advancing a district -scale
250,000-acre land package in the historic Uranium City district within Saskatchewan's Athabasca
Basin. Aero Energy is focused on uncovering high -grade uranium deposits across its flagship
optioned properties - Sun Dog, Strike, and Murmac - in addition to its fully owned properties. With
the application of modern exploration techniques, the Company has identified over 50 shallow
drill-ready targets and 125 kilometres of target horizon on the frontier north rim of the Athabasca
Basin. Aero Energy is tapping into the Athabasca Basin's emerging potential for high -grade,
unconformity-style mineralization.
On Behalf of the Board of Directors
"Galen McNamara"
Galen McNamara, Interim Chief Executive Officer
Further information on the Company can be found on the Company's website at aeroenergy.ca
and at www.sedarplus.ca, or by contacting the Company by email at [email protected].
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
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