High-Grade Uranium Mineralization
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Aventis Energy Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswire· 2025-10-27 12:00
Core Viewpoint - Aventis Energy Inc. announces the filing of a technical report by Standard Uranium Ltd. on the Corvo Project, highlighting its potential for high-grade uranium and rare earth element mineralization [1][4][5] Group 1: Technical Report Details - The technical report titled "Technical Report on the Corvo Property – Northeastern Saskatchewan, Canada" was prepared in accordance with NI 43-101 and has an effective date of October 24, 2025 [1] - The report was co-prepared by Axiom Exploration Group Ltd. and is available on SEDAR+ and Standard's website [1] - The report does not contain a Mineral Resource Estimate as per NI 43-101 [2] Group 2: Project Overview - The Corvo Project spans 12,265 hectares and is located in the eastern Athabasca Basin region, with a definitive agreement for Aventis to acquire a 75% interest [4] - The project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 km northeast of the Gemini Mineralized Zone [4][9] - The project is considered highly prospective for high-grade basement-hosted uranium mineralization, similar to the Rabbit Lake deposit [5] Group 3: Mineralization Potential - Recent sampling results from the Manhattan Showing returned values up to 8.10 wt.% U3O8 at surface, which has never been drill tested [5][11] - The project also shows potential for rare earth element mineralization, which could provide additional value [5] - Historical drill holes have intersected multiple intervals of uranium mineralization along a strike length of 800 meters [11]
Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan
Newsfile· 2025-10-27 11:30
Core Insights - Standard Uranium Ltd. has filed a technical report on the Corvo Uranium Project, prepared in accordance with NI 43-101 standards, effective October 24, 2025 [1][2][3] Project Overview - The Corvo Project covers 12,265 hectares in the eastern Athabasca Basin, targeting high-grade basement-hosted uranium [4] - The project is located 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometers northeast of the Gemini Mineralized Zone [4][10] Option Agreement - The Corvo Project is under an option agreement with Aventis Energy Inc., allowing Aventis to acquire 75% of the project by funding C$4.5 million in exploration expenditures, making cash payments of C$225,000, and issuing C$725,000 in common shares over three years [5] Exploration Potential - The project is considered highly prospective for high-grade uranium mineralization, with recent surface sample results showing up to 8.10 wt.% U3O8 [6][11] - The project may also have potential for rare earth element mineralization, providing additional value [6] Company Background - Standard Uranium is focused on uranium exploration and holds interests in over 235,435 acres (95,277 hectares) in the Athabasca Basin [12] - The company aims to identify, acquire, and explore Athabasca-style uranium targets for future development [12]