Aero Energy Announces Completion of Summer Drill Program at Sun Dog Project, Northwestern Athabasca Basin
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Aero Energy Announces Completion of Summer Drill Program at Sun Dog Project,
Northwestern Athabasca Basin
Vancouver, British Columbia, September 5, 2024 — Aero Energy Ltd. (“Aero Energy” or the
“Company”) (TSX-V: AERO) (OTC Pink: AAUGF) (FSE: UU3) is pleased to announce that
drilling activities have been completed at the Company’s Sun Dog Uranium Project (“Sun Dog”,
or the “ Project”) located near Uranium City in northwestern Saskatchewan (Figure 1) . The
program was designed to test the newly identified Wishbone target area for high-grade basement
hosted uranium deposits, typical of the Athabasca Basin.
Highlights:
• Anomalous Radioactivity at Wishbone: A total of 1,593 metres were completed across
8 drill holes targeting shallow high-grade basement-hosted uranium mineralization at the
Wishbone target area (Figure 2) . Intervals of a nomalous radioactivity >300 counts per
second (“cps”) were intersected in seven of eight drill holes.
• Significant Structure & Alteration: Strongly graphitic fault rocks were intersected on
both limbs of the Wishbone target area, coincident with widespread highly prospective
clay-sericite alteration and hydrothermal hematite. These rocks and alteration products
signal an ideal environment for basement hosted uranium deposits.
• Prospectivity Model Confirmed : Elevated radioactivity and increased hydrothermal
alteration at Wishbone are largely associated with stacked graphitic structural zones,
indicating favorable corridors for fluid movement and uranium deposition akin to other
basement-hosted Athabasca deposits.
• Assays Pending & Follow -Up Drilling Planned: Following uranium assay and
geochemical analysis of drill core samples, additional geophysics and a second phase
drilling program are being planned to follow-up along strike of mineralized drill holes and
continue testing of priority regional drill targets across the Project.
Galen McNamara, CEO of Aero Energy, commented, "The results from our initial drilling at
Wishbone are highly promising and reinforce our confidence in the prospectivity of the Sun Dog
Project. We are eager to build on these early successes with further exp loration to unlock the full
potential of this highly prospective region. We look forward to sharing the assay results from our
initial summer drill programs in the coming weeks.”
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The Project is currently under a three-year earn-in option agreement (the “Option”) with Standard
Uranium (TSX-V: STND) that was executed on October 20, 2023. The program was funded by
Aero and operated by Standard Uranium. Sun Dog covers an area of 48,443 acres across nine
mining claims, located 15 km from Uranium City on the northern margin of the Athabasca Basin.
It hosts the historical Gunnar Uranium Mine which was discovered in 1952 and became the largest
uranium producer globally in 1956. The Gunnar Mine produced approximately 18M lbs of U 3O8
between 1953 and 19811,2
Figure 1. Overview of the Sun Dog Project highlighting drill target areas, high-grade uranium
occurrences, and EM-conductors.
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Figure 2. Detail map of the Wishbone target area highlighting 2024 drill holes, newly discovered
mineralized graphitic metapelite outcrop, anomalous surface (RS-125 Scintillometer) and drill
hole (EZ-Gamma Down-Hole Probe) radioactivity, VTEM conductors and major faults.
2024 Drill Program – Initial Results
The summer drill program comprised eight drill holes totalling 1,593 metres at the high-priority
Wishbone target area following completion of a VTEM Plus survey and geophysical modeling
earlier this year. A summary of radiometric results is provided in Table 1 and drill hole information
is provided in Table 2. Select drill core photos are provided in Figure 3 and Figure 4.
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Wishbone Target Area:
- Approximately five kilometres of strike length along a regional scale anticline, defined by
strong VTEM conductors with associated radioactivity.
- Graphitic pelitic rocks have been mapped along both fold limbs, hosting strong
radioactivity up to 22,300 cps (RS-125 Scintillometer).
- Mineralized cross-cutting faults have been mapped in the overlying rocks which intersect
the uranium-bearing graphitic pelite unit.
- Historical outcrop sampling at the northwestern graphitic pelite exposure returned assay
results of 0.32% U3O8 and 0.30% Cu (SMDI #2095).
Targets were selected and prioritized through an iterative approach working in collaboration with
Standard, targeting compelling geophysical signatures and favorable geological/structural settings.
Recent prospecting and mapping at the Wishbone target area outlined multiple outcrops of
favourable uranium host -rocks, including graphitic pelite, which is commonly radioactive over
>200 m of collective strike length.
The eight completed drill holes encountered highly favorable geological settings for high- grade
basement-hosted deposits associated with the Athabasca Basin, including:
• Intervals of anomalous radioactivity (>300 cps) intersected in seven of the eight drill holes
completed, associated with structural zones and favorable rock types including graphitic
pelite.
• Graphitic-sulphidic stacked shear zones were encountered in multiple holes , many
featuring prominent brittle reactivation features including breccias, cataclasites, and fault
gouge.
• Significant hydrothermal alteration was intersected within all holes, including widespread
hematization redox front alteration halos, sericitization, and structure-hosted chloritization.
Strongly graphitic fault rocks are present all eight drill holes . Holes that intersected
deformed pelitic gneiss were to host multiple metres of moderate to intense graphite.
• Regional structural setting confirmed, comprising an anticline with faulted hangingwall
rocks overlying multiple graphitic horizons, effectively doubling prospective strike length
due to folding (i.e., both limbs are prospective at Wishbone).
Table 1. 2024 Sun Dog Drill Hole Radiometric*** Highlights
DDH From
(m) To (m) Width
(m) Lithology
RS-125 Scintillometer EZ-Gamma Probe
Min Max Avg. Peak Depth (m)
SD-24-014 199.5 200 0.5 Semipelitic Gneiss 220 300 260 369 40.0
327 200.4
SD-24-015 60.5 61 0.5 Granodioritic Gneiss 230 300 265 390 60.8
SD-24-016 57.5 58 0.5 Graphitic Pelitic Gneiss 210 350 280 315 57.4
SD-24-017 78.5 79 0.5 Granitoid Orthogneiss 260 310 285 506 49.3 SD-24-017 79 79.5 0.5 300 350 325
SD-24-018 12.5 13 0.5 Semipelitic Gneiss 300 670 485 1,582 12.5
SD-24-018 25.5 26 0.5 Pelitic Gneiss 300 640 470 835 22.7
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SD-24-019 118 118.5 0.5 Granitoid Orthogneiss 200 360 280 373 191.2
SD-24-020 23 23.5 0.5
Gabbroic and Granitic
Gneiss
270 340 305
490 28.5
SD-24-020 28.5 29 0.5 230 330 280
SD-24-020 29 29.5 0.5 250 360 305
SD-24-020 33 33.5 0.5 220 330 275
SD-24-020 45 45.5 0.5 Granitoid Orthogneiss 220 310 265
SD-24-020 171 171.5 0.5 Granitic Gneiss 240 330 285
SD-24-021 116 120.2 4.2 Pelitic Gneiss 225 275 250 223 30.9
The Company considers radioactivity readings greater than 300 counts per second (cps) to be
“anomalous”. Natural gamma radiation in outcrop reported in this news release was measured in counts
per second (cps) using a handheld RS-125 super -spectrometer and a downhole Reflex EZ -Gamma probe.
Readers are cautioned that scintillometer and gamma probe readings are not uniformly or directly related
to uranium grades of the rock sample measured and should be treated only as a preliminary indication of
the presence of radioactive minerals.
Table 2. Sun Dog Drill Hole Summary
DDH Easting Northing Elevation
(m.a.s.l.) Azimuth (°) Dip (°) EOH (m)
SD-24-014 621252 6589540 252 115 -44 210
SD-24-015 621990 6589553 265 265 -45 174
SD-24-016 620925 6589306 251 120 -45 246
SD-24-017 621938 6589070 264 265 -45 177
SD-24-018 621285 6589519 254 100 -43 183
SD-24-019 621408 6589601 264 130 -45 201
SD-24-020 622066 6589706 253 285 -45 192
SD-24-021 620840 6589122 230 120 -45 210
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Figure 3. Drill core photos from hole SD-24-014 highlighting intervals of anomalous
radioactivity, alteration and structure. A) Faulted and strongly hematized and clay-altered
hangingwall rocks hosting radioactivity up to 369 cps at 40.0 m. B) Strongly graphitic footwall
conductor hosting radioactivity up to 327 cps. C) Deformed pelitic rock exhibiting sericite-
hematite alteration; Up to 250 cps, 122.7 m.
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Figure 4. Drill core photos from hole SD-24-018 highlighting intervals of anomalous
radioactivity, alteration and structure. A) Faulted and hematite-limonite-altered hangingwall
rocks hosting radioactivity up to 1,582 cps at 12.5 m. B) Close-up of sheared and altered
semipelitic gneiss hosting radioactivity up to 1,582 cps. C) Close-up of deformed pelitic rock
hosting radioactivity up to 835 cps at 22.7 m. D) Strong sericite-clay and hematite alteration
overprinting a graphitic shear zone; Up to 270 cps, from 88.2 to 96.15 m.
Other high-priority target areas including McNie, Haven, Java, Skye, and Spring Dome are being
reviewed with new datasets and models for a possible winter drill program in 2025.
Next Steps
Drill core samples have been collected systematically throughout all drill holes and zones of
radioactivity higher than 300 cps and will be submitted to SRC Geoanalytical Laboratories in
Saskatoon for U 3O8 assay and multi -element characterization. These analytical results will be
integrated with the detailed logging information to prioritize follow-up target areas for future drill
testing, in addition to testing of numerous other priority regional targets.
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The scientific and technical information contained in this news release has been reviewed, verified,
and approved by Galen McNamara, P.Geo., CEO of the Company and a “qualified person” as
defined in NI 43-101.
Historical data disclosed in this news release relating to sampling results on the Sun Dog Project
is historical in nature. Neither the Company nor a qualified person has yet verified this data and
therefore investors should not place undue reliance on such data. The Company’s future
exploration work will include verification of the data. The Company considers historical results
to be relevant as an exploration guide and to assess the mineralization as well as economic potential
of the Project.
About Aero Energy Limited (TSX-V: AERO)
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.
References
1. 2022 Winter Mineral Assessment Report, Sun Dog Property, Northern Saskatchewan, Canada,
Standard Uranium, 2022
2. Information obtained from Saskatchewan Mineral Deposit Index and historical report from
Uranium City Resources, 2007
On Behalf of the Board of Directors
Galen McNamara, 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
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This news release contains certain “forward looking statements” and certain “forward-looking
information” as defined under applicable Canadian and U.S. securities laws. Forward-looking
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such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”,
“plans” or similar terminology. The forward-looking information contained herein is provided for
the purpose of assisting readers in understanding management’s current expectations and plans