Refined Energy Corp Files 43-101 Report, Drill Program Recommended
Refined Energy Corp (OTC: RRUUF) has filed a National Instrument 43-101 technical report for its Dufferin Project in the Athabasca Basin. The company has recommended a drill program of minimum four holes and 1,250 metres for the Dufferin West targets, with a budget of $2,062,500.
The program focuses on two key conductors: The highest priority target is associated with the Virgin River Shear Zone, featuring a strong conductor with a distinct magnetic transition. The second conductor is also interpreted to extend from the unconformity. Both targets remain untested, with estimated sandstone cover depth of less than 200m above the unconformity.
Refined Energy holds an exclusive option to acquire 75% interest in the 10,140-hectare Dufferin project from Eagle Plains, as announced on February 27, 2024. The project is strategically located near NE-SW trending faults known for uranium mineralization, approximately 18 km southwest of Cameco's Centennial deposit.
Refined Energy Corp (OTC: RRUUF) ha presentato un rapporto tecnico secondo il National Instrument 43-101 per il suo progetto Dufferin nella Athabasca Basin. La società ha raccomandato un programma di perforazione di almeno quattro fori per un totale di 1.250 metri destinato agli obiettivi Dufferin West, con un budget di 2.062.500 dollari.
Il programma si concentra su due conduttori principali: l'obiettivo prioritario è associato alla Virgin River Shear Zone, che presenta un conduttore forte con una transizione magnetica ben definita. Il secondo conduttore è anch'esso interpretato come un'estensione dall'inconformità. Entrambi gli obiettivi non sono ancora stati testati, con una copertura stimata di arenaria inferiore a 200 metri sopra l'inconformità.
Refined Energy detiene un'opzione esclusiva per acquisire una quota del 75% nel progetto Dufferin di 10.140 ettari da Eagle Plains, come annunciato il 27 febbraio 2024. Il progetto è strategicamente situato vicino a faglie con orientamento NE-SW note per la mineralizzazione dell'uranio, a circa 18 km a sud-ovest del deposito Centennial di Cameco.
Refined Energy Corp (OTC: RRUUF) ha presentado un informe técnico conforme al National Instrument 43-101 para su proyecto Dufferin en la cuenca de Athabasca. La compañía ha recomendado un programa de perforación de mínimo cuatro pozos y 1.250 metros para los objetivos Dufferin West, con un presupuesto de 2.062.500 dólares.
El programa se centra en dos conductores clave: el objetivo de mayor prioridad está asociado con la Virgin River Shear Zone, que presenta un conductor fuerte con una transición magnética distintiva. El segundo conductor también se interpreta como una extensión desde la inconformidad. Ambos objetivos permanecen sin probar, con una profundidad estimada de cobertura de arenisca inferior a 200 metros sobre la inconformidad.
Refined Energy tiene una opción exclusiva para adquirir un 75% de participación en el proyecto Dufferin de 10.140 hectáreas de Eagle Plains, según se anunció el 27 de febrero de 2024. El proyecto está estratégicamente ubicado cerca de fallas con dirección NE-SO conocidas por la mineralización de uranio, aproximadamente a 18 km al suroeste del depósito Centennial de Cameco.
Refined Energy Corp (OTC: RRUUF)는 아타바스카 분지에 위치한 Dufferin 프로젝트에 대해 National Instrument 43-101 기술 보고서를 제출했습니다. 회사는 Dufferin West 목표 지역을 위해 최소 4개의 시추공과 1,250미터의 시추 프로그램을 권장하며, 예산은 2,062,500달러입니다.
이 프로그램은 두 개의 주요 전도체에 중점을 둡니다: 최우선 목표는 뚜렷한 자기 전이와 강한 전도체를 가진 Virgin River Shear Zone과 연관되어 있습니다. 두 번째 전도체도 불연속면에서 확장된 것으로 해석됩니다. 두 목표 모두 테스트되지 않았으며, 불연속면 위 모래층 두께는 200미터 미만으로 추정됩니다.
Refined Energy는 2024년 2월 27일 발표된 바와 같이 Eagle Plains로부터 10,140헥타르 규모의 Dufferin 프로젝트 지분 75%를 독점적으로 인수할 수 있는 옵션을 보유하고 있습니다. 이 프로젝트는 우라늄 광화가 알려진 NE-SW 방향 단층 근처에 전략적으로 위치해 있으며, Cameco의 Centennial 광산에서 남서쪽으로 약 18km 떨어져 있습니다.
Refined Energy Corp (OTC : RRUUF) a déposé un rapport technique conforme au National Instrument 43-101 pour son projet Dufferin dans le bassin d'Athabasca. La société a recommandé un programme de forage d'au moins quatre trous et 1 250 mètres pour les cibles Dufferin West, avec un budget de 2 062 500 dollars.
Le programme se concentre sur deux conducteurs clés : la cible prioritaire est associée à la Virgin River Shear Zone, présentant un conducteur fort avec une transition magnétique distincte. Le second conducteur est également interprété comme s'étendant depuis l'inconformité. Les deux cibles restent non testées, avec une couverture estimée de grès de moins de 200 m au-dessus de l'inconformité.
Refined Energy détient une option exclusive pour acquérir une participation de 75% dans le projet Dufferin de 10 140 hectares auprès d'Eagle Plains, comme annoncé le 27 février 2024. Le projet est stratégiquement situé près de failles orientées NE-SO connues pour la minéralisation d'uranium, à environ 18 km au sud-ouest du gisement Centennial de Cameco.
Refined Energy Corp (OTC: RRUUF) hat einen technischen Bericht gemäß National Instrument 43-101 für sein Dufferin-Projekt im Athabasca-Becken eingereicht. Das Unternehmen empfiehlt ein Bohrprogramm mit mindestens vier Bohrlöchern und 1.250 Metern für die Dufferin West-Ziele, mit einem Budget von 2.062.500 US-Dollar.
Das Programm konzentriert sich auf zwei Hauptleiter: Das vorrangige Ziel steht im Zusammenhang mit der Virgin River Shear Zone, die einen starken Leiter mit einem deutlichen magnetischen Übergang aufweist. Der zweite Leiter wird ebenfalls als eine Verlängerung von der Diskordanz interpretiert. Beide Ziele sind noch ungetestet, mit einer geschätzten Sandsteindeckung von weniger als 200 m über der Diskordanz.
Refined Energy hält eine exklusive Option zum Erwerb eines 75%igen Anteils am 10.140 Hektar großen Dufferin-Projekt von Eagle Plains, wie am 27. Februar 2024 bekannt gegeben wurde. Das Projekt liegt strategisch in der Nähe von NE-SW verlaufenden Verwerfungen, die für Uranmineralisierung bekannt sind, etwa 18 km südwestlich des Centennial-Lagerstätten von Cameco.
- Recommended drill program with clear targets and defined budget of $2.06M
- Strategic location near Cameco's Centennial deposit which showed historic 8.78% U3O8 intersections
- Option to acquire 75% interest in substantial 10,140-hectare property
- Relatively shallow depth of less than 200m to unconformity target
- Both target conductors remain untested, presenting new exploration potential
- Significant capital expenditure required for drill program
- Early-stage exploration project with no proven reserves
- Success dependent on drill results with no guarantee of mineralization
Drilling to Test Two Separate Conductors
VANCOUVER, British Columbia, June 30, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) ("Refined” or the "Company") has filed a National Instrument 43-101, Standards of Disclosure for Mineral Projects, technical report for the Dufferin Project in the Athabasca Basin. A drill program consisting of a minimum of four holes and 1,250 metres is recommended for the Dufferin West targets at a budget of
The highest priority target area (see figure below) is represented by a conductor associated with the interpreted trace of the Virgin River Shear Zone. It is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. Neither target has ever been drill tested and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200m. Uranium deposits in the Athabasca Basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks.
Mark Fields, Chief Executive Officer of the Company stated, “It is exciting to be planning an initial drill program for Refined Energy in the Athabasca Basin, renowned for its history of exploration, discovery, and development of high value uranium mines. The Dufferin Project is located in proximity to NE-SW trending faults which are known to host uranium mineralization. An example approximately 18 km northeast of Dufferin West on the same Virgin River Shear Zone as Cameco’s Centennial deposit where historic drill hole VR-031W3 intersected 8.78 per cent U3O8 over 33.9 metres (SMAF 74G12-0061) 1. Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca Basin.”
Figure 1: Dufferin West Project and High Priority Targets Defined by Regional Faults and Geophysics
Refined holds the exclusive option to acquire 75 per cent in the Dufferin project from Eagle Plains as per the news release on Feb. 27, 2024. The 10,140-hectare Dufferin project is made up of the North and West Dufferin properties.
References
1 Witt, Gary and Brown, A.G., (2010): Cameco Corporation Virgin River Project 2009 Annual Exploration Report; SMAF 74G12-0061;
Qualified person
C.C. (Chuck) Downie, PGeo, a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
About Refined Energy Corp.
Refined Energy Corp. is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin Project in the Athabasca Basin is the flagship project of Refined and a drill program is planned for 2025. Refined also has an option to earn up to a
For further information, please contact:
Eli Dusenbury
Phone:(604)398-3378
Email: Info@refinedenergy.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company’s exploration plans and objectives at the Dufferin Project; the exploration potential of the Dufferin Project, including the potential of the Dufferin Project to host unconformity- and basement-hosted uranium mineralization; and the utility of prior historic exploration work in focusing future exploration programs.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, the assumption that: the Company will successfully complete its planned exploration programs in accordance with current expectations and that such programs will yield the results anticipated by the Company, including identifying disrupted faults delineated by EM conductors and other geophysical anomalies for drill targeting.
Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral projects, including risks relating to changes in project parameters as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including identifying disrupted faults delineated by EM conductors and other geophysical anomalies for drill targeting and discovering unconformity- and basement-hosted uranium mineralization. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The CSE has neither approved nor disapproved the information contained herein
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e7a78171-7dc2-4c95-a087-a8c668410c8b
FAQ
What is the budget for Refined Energy's (RRUUF) Dufferin Project drill program?
Where is Refined Energy's (RRUUF) Dufferin Project located?
What is the size of Refined Energy's (RRUUF) Dufferin Project?
What percentage stake can Refined Energy (RRUUF) acquire in the Dufferin Project?
What are the main exploration targets at Refined Energy's (RRUUF) Dufferin Project?
