Mustang Energy Corp. Initiates Airborne MobileMT Survey at Yellowstone Project
Wednesday, Oct 30, 2024 6:37 pm ET
1min read Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) has kicked off an airborne Mobile Magneto Tellurics (MobileMT) survey at its Yellowstone Project in the Western Athabasca Basin, Saskatchewan. This strategic move aims to detect deep-seated geological structures that could potentially host uranium, providing valuable data for follow-up exploration. The survey, conducted by Expert Geophysics, will cover approximately 500 line-km at a 400-meter line spacing, focusing on areas previously unexplored with deep-penetrating electromagnetic methods.
The MobileMT system, a state-of-the-art airborne electromagnetic technology, offers several advantages in detecting uranium mineralization. It utilizes naturally occurring electromagnetic fields to identify variations in subsurface electrical resistivity, allowing for a more detailed resolution of deep-seated structures. The system can resolve resistivity contrasts to depths exceeding 1000 meters, making it an ideal tool for exploring the Athabasca Basin's uranium deposits. Previous MobileMT surveys have successfully identified basement conductors and alteration zones in prominent uranium deposits across the Athabasca Basin.
The Yellowstone Project, covering 21,820 hectares, is situated approximately 16 kilometers from the past-producing Cluff Lake Mine and is adjacent to Fission Uranium's West Cluff Project. The property surrounds the exterior of the Carswell Impact Structure, which is thought to be related to a meteorite impact measuring approximately 18 kilometers in diameter. This structure exposed basement rock that underlies the Athabasca Basin sandstone formations and hosts high-grade uranium mineralization, including the Cluff Lake Mine.
Multiple known conductors transect the property, and one historic drill hole (SYL-1) on the Southern claims encountered alteration but missed the intended conductive target. The MobileMT survey aims to detect conductors at depths exceeding 1000 meters, providing a more detailed resolution of these deeper structures, which could potentially host uranium.
The survey is expected to deliver data within eight weeks from completion, with interpretation for follow-up exploration to guide Mustang Energy's exploration strategy. This initiative marks an important step in Mustang's exploration strategy within the Athabasca Basin, as it seeks to gain insights into deep-seated geological structures and target potentially uranium-rich zones.
By employing the advanced MobileMT system, Mustang Energy Corp. is poised to unlock the potential of the Yellowstone Project and build on the region's legacy of uranium production. The company's strategic exploration strategy, coupled with cutting-edge technology, positions it well to capitalize on the growing demand for uranium driven by the increasing adoption of nuclear power as a clean energy source.
The MobileMT system, a state-of-the-art airborne electromagnetic technology, offers several advantages in detecting uranium mineralization. It utilizes naturally occurring electromagnetic fields to identify variations in subsurface electrical resistivity, allowing for a more detailed resolution of deep-seated structures. The system can resolve resistivity contrasts to depths exceeding 1000 meters, making it an ideal tool for exploring the Athabasca Basin's uranium deposits. Previous MobileMT surveys have successfully identified basement conductors and alteration zones in prominent uranium deposits across the Athabasca Basin.
The Yellowstone Project, covering 21,820 hectares, is situated approximately 16 kilometers from the past-producing Cluff Lake Mine and is adjacent to Fission Uranium's West Cluff Project. The property surrounds the exterior of the Carswell Impact Structure, which is thought to be related to a meteorite impact measuring approximately 18 kilometers in diameter. This structure exposed basement rock that underlies the Athabasca Basin sandstone formations and hosts high-grade uranium mineralization, including the Cluff Lake Mine.
Multiple known conductors transect the property, and one historic drill hole (SYL-1) on the Southern claims encountered alteration but missed the intended conductive target. The MobileMT survey aims to detect conductors at depths exceeding 1000 meters, providing a more detailed resolution of these deeper structures, which could potentially host uranium.
The survey is expected to deliver data within eight weeks from completion, with interpretation for follow-up exploration to guide Mustang Energy's exploration strategy. This initiative marks an important step in Mustang's exploration strategy within the Athabasca Basin, as it seeks to gain insights into deep-seated geological structures and target potentially uranium-rich zones.
By employing the advanced MobileMT system, Mustang Energy Corp. is poised to unlock the potential of the Yellowstone Project and build on the region's legacy of uranium production. The company's strategic exploration strategy, coupled with cutting-edge technology, positions it well to capitalize on the growing demand for uranium driven by the increasing adoption of nuclear power as a clean energy source.
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