Mustang Energy Corp. Announces Results of TDEM Survey Over the 914W Property

Core Insights - Mustang Energy Corp. announced the results of a high-resolution HTDEM survey at the 914W Uranium Project, covering 136 line-kms, which identified a well-developed conductive zone favorable for uranium mineralization [1][2][3] Survey Details - The Xcite™ helicopter-borne Time Domain Electromagnetic (TDEM) survey was conducted by Axiom Exploration Group Ltd., collecting electromagnetic, magnetic, and radiometric data to map variations related to uranium-bearing structures [2] - Early-time channels indicated strong EM responses along the east-central portion of the 914W block, suggesting shallow conductive zones near the surface [3] - Inversion modeling from 50 m to 350 m depth showed consistent conductive features, with a strong conductive zone trending east-northeast across the property [4] Soil Sampling Results - A soil sampling program in May 2025 collected 25 rock samples and 142 soil samples, focusing on areas with no outcrop exposure [6] - Although no significant discoveries were made, five soil samples from the southern portion exceeded 4 ppm U, indicating slightly elevated uranium values [8] - Anomalous uranium values were identified in the northeastern portion, including a granitic gneiss sample that returned 42.3 ppm U [9] Project Overview - The 914W Uranium Project consists of two claims covering 2,440 hectares, located approximately 48 km southwest of Cameco's Key Lake Operation, with favorable logistics via Highway 914 [11] - The project is situated over favorable geology, with local graphite-bearing assemblages, and remains largely underexplored despite historical surveys [13] - Mustang Energy holds an option agreement to acquire a 75% interest in the Project from Skyharbour Resources Ltd. [14]