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Aero Energy and Standard Uranium Report New Gravity Survey Targets and Assay Results, Sun Dog Project, Northwest Athabasca Basin

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Aero Energy and Standard Uranium Report New Gravity Survey Targets and Assay Results, Sun Dog Project, Northwest Athabasca Basin

Executive Summary

Aero Energy Limited has reported significant progress at its Sun Dog uranium project in northern Saskatchewan, following completion of an extensive high-resolution ground gravity survey across three target areas. The geophysical work has generated several new priority drill targets in the Wishbone, McNie, and Armbruster South areas, expanding the exploration potential across this 48,443-acre property located 15 kilometers southeast of Uranium City on the northern margin of the Athabasca Basin.

The 2024 drill program, which tested the newly identified Wishbone target area, delivered encouraging results with all eight drill holes returning anomalous uranium values. This 100% success rate in detecting uranium mineralization validates the targeting methodology and suggests the presence of a significant uranium system within this underexplored portion of the basin. The drilling was funded by Aero and operated by Standard Uranium under their three-year earn-in option agreement executed in October 2023.

The Sun Dog project carries exceptional historical significance as the location of the Gunnar Uranium Mine, discovered in 1952, which became the world's largest uranium producer by 1956 and doubled Canada's uranium production at its peak. This mining heritage, combined with the project's strategic location on the northern Athabasca Basin margin, positions Sun Dog as a high-potential exploration target in one of the world's premier uranium districts.

The integration of multiple geophysical datasets and the consistent uranium anomalism encountered in initial drilling suggest that Sun Dog may host additional uranium deposits beyond the historical Gunnar mine. With uranium markets strengthening globally due to nuclear energy's growing role in clean energy transitions, the successful identification of new drill targets and positive initial results position both Aero Energy and Standard Uranium to capitalize on renewed interest in Canadian uranium exploration and development.
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