Aero Energy and Fortune Bay Confirm Shallow High-Grade Uranium Up to 13.80% U3O8 From Drilling at Murmac
HALIFAX, NS October 8, 2024 – Fortune Bay Corp. (TSXV:FOR, FSE:5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to report high-grade uranium assays in the first batch of analytical results from its 2024 exploration drilling program on the Murmac Uranium Project (“Murmac” or the “Project”), located in northern Saskatchewan near Uranium City. The drilling program was funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) (“Aero”) under an Option Agreement.
The drilling program was designed to test regional targets across the Project’s extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined strike length of approximately 30 kilometers.
Shallow, elevated concentrations of uranium occurring in structured graphitic rocks were confirmed in all four drill holes for which analytical results are available, including results of 13.80% U3O8 and 4.54% U3O8 from individual assay samples.
