Aero Energy Receives High-Grade Uranium Assays from Sun Dog Prospecting Program up to 13.0% U3O8
Aero Energy Receives High-Grade Uranium Assays from Sun Dog Prospecting Program up to
13.0% U3O8
Vancouver, British Columbia, November 15, 2024 — Aero Energy Limited (“Aero” or the “Company”)
(TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) is pleased to report surface assay results from the
2024 exploration program at the Company’s Sun Dog Uranium Project (“Sun Dog”) located near
Uranium City, Saskatchewan. Detailed mapping and prospecting across multiple target areas was
completed ahead of the 2024 summer drill program, returning outcrop grab samples containing
anomalous uranium up to 13.0% U3O8. Exploration work at Sun Dog The Project funded by Aero and
operated by Standard Uranium Ltd. (“Standard”) (TSX-V: STND), pursuant to the underlying option
agreement between the companies.
Highlights:
Wishbone Target Area: Summer prospecting has outlined new uranium mineralization at surface
with uranium assays ranging from 0.14% to 0.32% U3O8 within and immediately adjacent to highly
prospective graphitic pelite.
Spring-Dome Target Area: New zones of strong radioactivity >65,535 cps at surface associated
with visible uranium mineralization grading up to 13% U 3O8 have been discovered during the
recent prospecting program.
McNie Target Area: More than 4km of untested VTEM conductors offset by major faults where
assays returned up to 0.25% U3O8 within a boulder sample
Anomalous Radioactivity in Drilling: A total of 1,593 meters were completed across eight drill
holes targeting shallow high-grade basement-hosted uranium mineralization at the Wishbone
target area. Intervals of anomalous radioactivity >300 cps were intersected in seven of eight drill
holes, with geochemical assays pending.
Unrealized Potential: The targets tested during the summer 2024 program represent only a small
fraction of the dozens on the ground, and the Company is working with its option partner to
prioritize follow-ups for additional geophysics and drill programs to further test these promising
areas.
Next Steps: The Company and partners at Standard are currently planning additional work to
further refine drill target areas for 2025.
Galen McNamara, Interim CEO, stated: “The confirmation of uranium mineralization in graphitic
pelite conductors at surface underscores our conviction in the potential for discovery of significant
basement-hosted uranium zones akin to the large deposits in several other places around the
Athabasca Basin. We look forward to continuing work at Sun Dog and Murmac with our
exploration partners at Standard Uranium and Fortune Bay.”
Figure 1. Overview of the Sun Dog Project highlighting drill target areas, high-grade uranium
occurrences, and EM-conductors.
Sun Dog Project – 2024 Prospecting
The Sun Dog Project covers an area of 48,443 acres in nine mining claims, located 15 km from
Uranium City on the northern margin of the Athabasca Basin. Recent prospecting and mapping at the
Wishbone, McNie, and Spring-Dome target areas has outlined multiple outcrops of favorable uranium
host rocks, including graphitic pelite, which is commonly radioactive over >200 m of collective strike
length. Structural measurements and radioactivity mapping have further refined drill targets in these
areas for ongoing exploration.
Drill targets are ranked and prioritized based on geophysical signature, geological/structural setting,
proximity to historical uranium occurrences of interest, and the Company’s recent prospecting and
mapping campaign. Occurrences of strong to intense radioactivity in outcropping basement rocks were
identified at surface while prospecting at the Wishbone and Spring-Dome target areas, returning
anomalous uranium and pathfinder elements summarized in Table 1.
Wishbone (Figure 2):
• Approximately five kilometers of strike length along a regional-scale anticline, defined by
strong VTEM conductors with associated radioactivity along each fold limb.
• Uranium mineralization confirmed from 2024 prospecting samples within graphitic metapelite
outcrop up to 0.143% U3O8.
• Graphitic pelites have been mapped along both fold limbs, hosting strong radioactivity up to
22,300 cps (RS-125 Scintillometer).
• Historical outcrop sampling at the northwestern graphitic pelite exposure returned assay
results of 0.32% U3O8 and 0.30% Cu (SMDI #2095).
Spring-Dome (Figure 3):
• Located directly west of the past-producing Gunnar mine, historically explored Gunnar-style
target focused on mineralized carbonatized granites and pitchblende veins and fractures.
• Uranium mineralization confirmed from 2024 prospecting samples associated with visible
uranium, up to 13.0% U3O8.
• The Spring-Dome area has been historically drilled with intersections over 1.0% U3O8;
however, several showings of uranium south of known drilling with values up to 17.4% U3O8 and
radioactivity readings >65,535 cps (RS-125 Scintillometer) have not been adequately drill-tested.
McNie (Figure 4):
• Approximately four kilometers of untested VTEM conductor strike length NE along strike of the
Wishbone target area.
• Uranium mineralization confirmed from 2024 prospecting sample of a paragneiss boulder, up
to 0.246% U3O8.
• The corridors are offset by significant E-W trending regional faults, which host known uranium
showings to the east towards the newly discovered zone at target H15 on the Murmac Project,
and to the west towards the past-producing Gulch uranium mine.
Table 1. 2024 prospecting: anomalous uranium and pathfinder element geochemistry.
Figure 2. Detail map of the Wishbone target area highlighting 2024 drill holes and moderate to
highly anomalous U3O8 assays from 2024 prospecting.
Figure 3. Detail map of the Spring-Dome target area highlighting moderate to highly anomalous
U3O8 assays from historical (grey callouts) and recent 2024 prospecting (white callouts).
Figure 4. Detail map of the McNie target area highlighting untested VTEM conductors, faults,
surface radioactivity, and highly anomalous U3O8 assays from 2024 prospecting.
Qualified Person (QP) Statement
Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon,
Saskatchewan, for preparation, processing, and ICP-MS multi-element analysis. Basement rock split
interval samples range from 0.1 to 0.5 m, and samples with clay alteration were sent to Rekasa Rocks
Inc. in Saskatoon to be analyzed by Short Wavelength Infrared Reflectance (“SWIR”) via a Portable
Infrared Mineral Analyzer (“PIMA”) to verify clay species. All samples passed internal QA/QC
protocols, and the results presented in this release are deemed complete, reliable, and repeatable.
Historical data disclosed in this news release related to sampling results on the Sun Dog Project are
historical in nature. Neither the Company nor a qualified person has yet verified this data. The
Company considers historical results to be relevant as an exploration guide and to assess the
mineralization potential of the Project.
The scientific and technical information contained in this news release has been reviewed, verified,
and approved by Galen McNamara, P.Geo., Interim CEO of the Company and a “qualified person” as
defined in NI 43-101.
The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be
“high-grade”. The Company considers radioactivity readings greater than 300 counts per second (cps)
to be “anomalous”.
About Aero Energy Limited
Aero Energy is a mineral exploration and development company advancing a district-scale 250,000-
acre land package in Saskatchewan’s historic Uranium City district within the Athabasca Basin. Aero
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. Aero is led by an award-winning
technical team responsible for discoveries along the prolific Patterson Corridor that include the
Gryphon (TSX:DML), Arrow (TSX:NXE), and Triple-R (TSX:FCU) deposits. With over 50 shallow drill-
ready targets identified and 125 km of target horizon, Aero is tapping into the basin’s emerging
potential for high-grade, unconformity-style mineralization.
On Behalf of the Board of Directors
“Galen McNamara”
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 at [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statement Regarding Forward-Looking Information
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
statements and information can generally be identified by the use of forward-looking terminology
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
relating to the future. These forward ‐looking statements or information relate to, among other
things the exploration and development of the Company’s mineral exploration projects including
completion of drilling activities.