Mustang Energy Corp. Makes Final Preparations for Surprise Creek Drilling Project, Saskatchewan

Core Viewpoint - Mustang Energy Corp. is preparing to commence its first drilling campaign at the Surprise Creek Uranium-Copper Project, which is set to begin on September 28, 2025, marking a significant milestone for the company in its strategy to develop critical mineral assets [1][4]. Project Overview - The Surprise Creek Project is located 25 km northwest of the Beaverlodge Uranium District and near the Athabasca Basin, known for its historical uranium mines [5]. - The project has an option agreement with Thunderbird Resources Ltd. to acquire an 80% interest [2]. Drilling Program Details - The drilling program will be helicopter-supported and based out of Uranium City, Saskatchewan, with Base Diamond Drilling Ltd. as the contractor [3]. - Up to 2,000 meters of drilling is planned in the Surprise Creek Fault area, which has shown high-grade uranium surface samples, with historical drilling results indicating up to 2.1 meters of 4.37% U3O8 from 57 meters [3][8]. - The program aims to follow up on historic drill intercepts, understand mineralization-hosting structures, and test previously un-drilled zones [3]. Historical Findings - Historical drilling has revealed significant copper prospects, with results including 9.1 meters at 2.07% Cu and 27.3 g/t Ag from surface at Bob Lake, and 6.6 meters at 1.31% Cu from 11 meters at Ellis Bay [9]. - Surface sampling by Thunderbird has returned assays of up to 7.98% U3O8 and rock chip sampling has shown copper grades as high as 61.7% Cu [8][9]. Regulatory Approvals - A work permit application for exploration, including drilling at the Surprise Creek Fault prospect, has been approved by the Saskatchewan Government [10].