Stocks in play: Aero Energy Ltd
Announced the intersection of strong radioactivity in the second drill hole (M24-017) of its 2024 exploration drilling program on the Murmac Uranium Project, located in Northern Saskatchewan. An average of 1,309 counts per second was intersected over 8.7 metres in graphitic pelite, with up to 33,600 counts per second (using handheld RS-125 Spectrometer) associated with visible uranium mineralization. The drilling program is being funded by the Company and is operated by Fortune Bay Corp (TSXV: FOR) (OTCQB: FTBYF) (FSE: 5QN). Galen McNamara, CEO of Aero Energy, stated, “The discovery of strong radioactivity in only the second hole ever drilled by the Company confirms our exploration thesis, underscores the prospectivity of the search-space, and opens up many interesting discovery possibilities. The occurrence of strong alteration and radioactivity within both the quartzite hangingwall and targeted graphitic pelite units provides early indications that this mineralized system looks to be robust. We look forward to unlocking additional value with our partners at Fortune Bay as we aggressively pursue further uranium mineralization at Murmac.” Aero Energy Ltd shares V.AERO are trading up 2 cents at $0.13.
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