Aero Energy and Fortune Bay Announce Drilling Underway at the Murmac Uranium Project, Athabasca Basin, Saskatchewan
HALIFAX, NS June 12, 2024 – Fortune Bay Corp. (TSXV:FOR) (FWB:5QN) (OTCQB:FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce the commencement of drilling at its Murmac Uranium Project (“Murmac” or the “Project”) on the northern margin of the Athabasca Basin, Saskatchewan. The drilling program is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) (“Aero”), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023.
Drilling Program
Drilling is now underway at Murmac with a program planned to test ten to thirteen targets (approximately 2,600 m), exploring for high-grade basement-hosted uranium deposits. Drill targets have been selected from recently acquired high-resolution geophysical data (VTEM™️ survey completed in April 2024) and 3D modelling of ground gravity data, and were further refined on the basis of geophysical signatures, geological features, proximity to known uranium occurrences, and positive past drilling results by Fortune Bay.
