Aero Energy Ltd. - AAUGF STOCK NEWS

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has completed its 2024 summer drill program on the Murmac Uranium Project in Saskatchewan. Key highlights include:

1. A new shallow discovery of radioactivity in hole M24-017, with an average of 1,309 counts per second over 8.7 meters.

2. Confirmation of a larger hydrothermal uranium mineralizing system along a 1.2 km long EM conductor.

3. Strong alteration at additional targets, confirming prospectivity for unconformity-related, basement-hosted deposits.

4. Assays pending and follow-up drilling planned.

5. The company is transitioning to drill the adjacent Sun Dog project.

CEO Galen McNamara expressed optimism about the potential for unconformity-related basement-hosted uranium deposits in the area.

Aero Energy (TSXV: AERO) (OTCQB: AAUGF) has announced new prospecting results and drill target areas at its Sun Dog Uranium Project near Uranium City, Saskatchewan. Key highlights include:

1. Imminent drilling with multiple prospective targets identified
2. Discovery of new uranium zones at Wishbone, McNie, and Spring-Dome target areas
3. Surface radioactivity readings up to 22,300 counts per second at Wishbone
4. Historical high-grade uranium assays ranging from 0.30% to 17.4% U3O8
5. Planned drilling of 1,000 to 1,200 metres across 5-7 holes, starting July 21st

The project, under a three-year earn-in option agreement with Standard Uranium , aims to discover high-grade, unconformity-related basement-hosted uranium mineralization along structural and conductive corridors.

Aero Energy has announced a significant discovery of strong radioactivity in the second drill hole (M24-017) of its 2024 exploration drilling program at the Murmac Uranium Project in Northern Saskatchewan. An average of 1,309 counts per second (cps) was recorded over 8.7 meters in graphitic pelite, with a peak of 33,600 cps. Funded and operated by Fortune Bay Corp, the drill program aims to explore an electromagnetic conductor on the Howland Corridor. The radioactivity is primarily found in structured graphitic pelite below the hematized quartzite. The zone remains open in multiple directions, and 11 additional high-priority targets have been approved for further drilling. Aero Energy is planning immediate follow-up drilling to further explore the discovery.

Aero Energy has commenced drilling at its Murmac Uranium Project located in the Athabasca Basin, Saskatchewan. This is Aero's first-ever drill program and involves approximately 2,600 meters through ten to thirteen drill holes. The program aims to explore high-grade basement-hosted uranium deposits and is adaptable based on real-time findings. The drilling targets were chosen based on a high-resolution VTEM survey and 3D ground gravity data modeling conducted earlier in 2024.

Additionally, strong to intense radioactivity was discovered near initial drill site locations, with counts up to 60,793 cps at target A15 and 13,533 cps at target P4. The company is also prioritizing further exploration at its Sun Dog and Strike projects, planning an additional 2,000 meters of drilling. CEO Galen McNamara emphasized the program's potential for significant discoveries.

Aero Energy announces the commencement of its first-ever drilling program at the Murmac Uranium Project in the Athabasca Basin, Saskatchewan. The company has selected thirteen high-priority drill targets following a recent high-resolution VTEMTM survey and 3D modeling of ground gravity data. The drilling, operated by Fortune Bay, will cover approximately 2,600 meters with 10-13 drill holes aimed at discovering high-grade basement-hosted uranium. The project benefits from extensive historical exploration data and Fortune Bay's previous positive drilling results. Additional targets at Sun Dog and Strike projects are also prioritized for further drilling. The program will be modified based on drilling results.

Aero Energy has provided an update on its Strike Project in the Athabasca Basin, Saskatchewan. Partner Fortune Bay conducted the recent exploration, highlighting multiple undrilled targets and historical uranium showings with grades up to 27% U₃O₈.

Key findings include historical mining at the Tena Zone with up to 3.5% U₃O₈, exploration focusing on three conductor corridors of graphitic host rocks, and a first-pass drilling in 2022 uncovering uranium in three holes.

The project spans 24,711 acres with historical data showing potential for future discoveries. A fully funded drill program is set to commence in early June, testing 20-25 targets.

Under an option agreement, Aero can earn up to 70% interest in the Strike and Murmac projects by investing $6 million in exploration, alongside cash and stock payments.

Aero Energy (TSXV: AERO) strengthens its Board of Directors and Management Team with the appointment of Grace Marosits as a director and Martin Bajic as Chief Financial Officer. The Company also announces the grant of 5,600,000 incentive stock options to officers, directors, and consultants, with a vesting period of one year and an exercise price of $0.15.

Aero Energy reports on recent exploration insights at the Sun Dog Project, highlighting historical uranium production, high-grade uranium showings, radioactivity at the Unconformity, favorable host rocks, target development, and upcoming drilling plans. The Project covers the historical Gunnar Mine and is underexplored for high-grade uranium mineralization. Standard Uranium is the operating partner, focusing on prospecting, surface exploration, gravity and magnetic surveys, and diamond drilling programs.

Aero Energy (AAUGF) highlights untapped uranium potential at the Murmac Uranium Project through untested exploration models, significant uranium endowment, and favorable host rocks. The company plans to drill 45 shallow targets in early June to unlock the project's full potential. Aero aims to earn a 70% interest in the project by funding C$6 million in exploration expenses. CEO Galen McNamara emphasizes the collaboration with operating partners to combine historical data with modern science for optimal target selection and value creation.