Mustang Energy Unveils MobileMT Survey to Explore Yellowstone Project
Commencement of MobileMT Survey at Yellowstone Project
Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) is excited to announce the initiation of an airborne Mobile Magneto Tellurics (MobileMT) survey over its Yellowstone Project located in the Athabasca Basin. This innovative survey is set to enhance the company’s understanding of the geological structures beneath its properties.
About the Survey and Its Execution
The MobileMT survey is being carried out by Expert Geophysics, a reputable firm based in Ontario. Designed to survey approximately 500 line-km at a line spacing of 400 metres, the objectives of this survey are clear: to collect critical magnetic and very low frequency (VLF) data across the northern portions of the Yellowstone Project. With a focus on areas overlooked by traditional deep-penetrating electromagnetic methods, this survey aims to identify conductive features buried more than 1000 meters deep. The insights gained from this project will significantly aid in Mustang's exploration strategy.
Significance of the MobileMT Technology
This advanced MobileMT system represents the cutting edge in airborne electromagnetic technology. By utilizing naturally occurring electromagnetic fields, the system can effectively measure subsurface resistivity, revealing geological anomalies that may indicate the presence of uranium. With capabilities to penetrate deep into the earth, these surveys are invaluable for detecting significant structures related to uranium deposits.
Mustang Energy’s Strategic Vision
“Launching the MobileMT survey at the Yellowstone Project encapsulates a pivotal moment in our exploration efforts within the Athabasca Basin,” stated Nicholas Luksha, CEO of Mustang Energy Corp. This survey not only enhances our geological insights but is also vital for targeting regions rich in uranium, allowing Mustang to build on the area's strong mining legacy.
Overview of the Yellowstone Project
The Yellowstone Project, consisting of 7 contiguous claims that span over 21,820 hectares, is strategically located approximately 16 kilometers from the historical Cluff Lake Mine, a site noted for its substantial uranium production. Positioned around the Carswell Impact Structure – a meteorite impact site believed to enhance uranium mineralization – this project is poised for significant exploration breakthroughs.
Exploration Potential and Historical Context
With several known conductors traversing the property, the potential for discovering uranium-rich deposits is promising. Previous drilling efforts, such as the historic SYL-1 drill hole, encountered alteration but did not reach the targeted conductive zones. However, the initiation of this MobileMT survey marks a new chapter in Mustang Energy's quest to unlock the geological secrets of the Yellowstone Project.
The Role of Expert Geophysics
Expert Geophysics brings substantial expertise to the project, utilizing advanced techniques in geophysical surveys. Their contribution is critical in interpreting the data collected and identifying next steps for exploration. As delivery of results is expected within eight weeks, Mustang Energy is eager to use this data in subsequent exploration initiatives.
Commitment to Exploration and Innovation
Mustang Energy is committed to leveraging innovative technology and geological expertise in its quest to discover new resources. The company actively manages several high-potential projects in the Athabasca Basin, reaffirming its position as a leader in uranium exploration. With current projects spanning Ford Lake and Cigar Lake East, Mustang seeks to expand its influence and find new deposits that could fuel future growth.
Frequently Asked Questions
What is the MobileMT survey?
The MobileMT survey is an airborne geophysical survey designed to gather data on subsurface geological structures using electromagnetic fields.
How does the MobileMT technology work?
The MobileMT technology measures variations in subsurface electrical resistivity by utilizing naturally occurring electromagnetic fields in the environment.
Why is the Yellowstone Project significant?
The Yellowstone Project is significant due to its location near historic uranium production sites and its potential to host substantial uranium deposits.
Who is conducting the survey for Mustang Energy?
The survey is being conducted by Expert Geophysics, a firm with expertise in geophysical surveys.
What is the expected timeline for results from the survey?
Results from the MobileMT survey are expected to be delivered within eight weeks following the completion of fieldwork.
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