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Angold Resources Ltd ( (TSE:AERO) ) has shared an announcement.
Aero Energy Ltd has commenced its summer drilling program at the Murmac Uranium Project in northern Saskatchewan, focusing on high-priority targets identified through geophysical surveys. The project, operated by Fortune Bay Corp under an Option Agreement, aims to explore significant potential for basement-hosted uranium mineralization along the Armbruster Conductor. The drilling program benefits from cost efficiencies due to shared mobilization with another exploration group in the area, allowing Aero to test three selected targets effectively. This initiative positions Aero for potential uranium discoveries, enhancing its standing in the uranium exploration industry.
More about Angold Resources Ltd
Aero Energy Ltd, following its merger with Kraken Energy Corp, has developed a substantial portfolio of uranium assets in North America. The company manages a 250,000-acre land package in Saskatchewan’s Athabasca Basin, which includes the Sun Dog, Strike, and Murmac projects. These projects feature over 50 shallow drill-ready targets along a 125 km target horizon. Aero Energy also owns the Apex Uranium Property, Nevada’s largest past-producing uranium mine, and the Huber Hills property, which includes the historic Race Track open pit mine. This strategic merger enhances Aero’s exploration capabilities by combining Canadian and U.S. high-grade uranium properties.
Average Trading Volume: 152,814
Technical Sentiment Signal: Sell
Current Market Cap: C$7.19M
Learn more about AERO stock on TipRanks’ Stock Analysis page.