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AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT
AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT C...
About this update from Fortune Bay Corp.
[{"type":"text","content":"\n\n\n\n AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n March 19, 2025\n \n\n /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (\"Fortune Bay\" or the \"Company\") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project (\"Murmac\" or the \"Project\"), located in northern\n \n Saskatchewan\n \n near\n \n Uranium City\n \n .\n \n\n The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic (\"EM\") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the\n \n Athabasca\n \n Basin.\n \n\n Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (\"Aero\"), and is being operated by Fortune Bay, under an\n \n Option Agreement\n \n that was executed on\n \n December 15, 2023\n \n .\n \n\n\n Highlights:\n \n\n\n\n\n High-Grade Follow-Up:\n \n Drilling to be focused at Howland Lake North on targets along strike of drill hole M24-017 that intersected\n \n 8.40 m\n \n at 0.30% U\n \n 3\n \n O\n \n 8\n \n , with individual assays up to\n \n 13.80% U\n \n 3\n \n O\n \n 8\n \n\n over\n \n 0.10 m\n \n . Additional drilling is planned at Howland Lake South, along strike of drill hole M22-012 that intersected 0.17% U\n \n 3\n \n O\n \n 8\n \n over\n \n 0.10 m\n \n .\n \n\n\n Compelling Drill Target Support:\n \n Selected drill targets (Figure 1) are backed by favorable criteria for high-grade basement-hosted deposits, including EM conductor breaks, structure, and significant hydrothermal alteration noted in historical drill holes. Known mineralized cross faults and strong radon-in-water anomalies from recent surveys further support target selection (see\n \n News Release dated\n \n February 20, ...