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Mustang Energy Engages Resource Potentials Ltd. to Conduct Advanced Geophysical Reinterpretation to Uncover New Drill Targets
VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to an
About this update from Mustang Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce it has engaged Resource Potentials Ltd. (“Resource Potentials”), an arm’s length geophysical consulting firm based out of Perth, Australia, to conduct detailed reprocessing, analysis, interpretation, and targeting on the Company’s uranium projects located in the Athabasca Basin in Saskatchewan. The Company recently completed a comprehensive historical compilation of previous exploration work conducted on and around its properties, including several magnetic and electromagnetic (“EM”) geophysical datasets and models. The compiled datasets will be merged, processed, re-imaged, and reviewed before being integrated with additional exploration data to identify anomalies of interest. Magnetic anomalies and models will play a crucial role in determining the depths to the basin unconformity, a key structural feature associated with uranium deposits. EM conductors will also be analyzed in detail to target conductive anomalies near the unconformity, which could indicate graphitic shears which are a key reducing fluid pathway for high-grade uranium deposits. The results from Resource Potentials’ reprocessing and analysis will provide critical insights for refining exploration targets and identifying areas for further investigation on these newly acquired properties. Mustang’s team will work closely with Resource Potentials to prioritize and develop drill targets aimed at discovering potentially high-grade uranium mineralization. Mustang’s CEO, Nicholas Luksha, stated: “Our portfolio includes an extensive collection of recent and historical geophysical survey data, which serves as a critical resource for advancing our projects. By strategically utilizing publicly available data, we can refine existing exploration targets, uncover new opportunities, and identify areas where further work is needed. This approach allows us to enhance our understanding of the mineral potential within our properties while maintaining a cost-effective and efficient exploration strategy.\" About Resource Potentials Resource Potentials is a consulting and contracting business specialising in geophysical survey design, acquisition, processing, modelling, inversion, data integration, interpretatio...