Aventis Energy Intersects Anomalous Radioactivity In Multiple Drill Holes At The Corvo Uranium Project And Concludes Inaugural Drill Program
| DDH | Orientation Azi/Dip (°) | Target Area | Handheld Spectrometer Results (RS-125) | ||||
| From (m) | To (m) | Width (m) | Min cps | Max cps | |||
| CRV-26-001 | 150/-50 | Manhattan | 304.0 | 305.0 | 1.0 | <300 | 305 |
| CRV-26-002 | 139/-50 | Manhattan | 19.0 | 19.5 | 0.5 | <300 | 780 |
| 22.5 | 23.0 | 0.5 | <300 | 380 | |||
| 23.0 | 23.5 | 0.5 | >300 | 580 | |||
| 23.5 | 24.5 | 1.0 | <300 | 650 | |||
| 35.0 | 36.0 | 1.0 | <300 | 350 | |||
| 36.5 | 37.0 | 0.5 | <300 | 370 | |||
| 171.5 | 172.0 | 0.5 | <300 | 330 | |||
| 173.0 | 173.5 | 0.5 | <300 | 500 | |||
| CRV-26-003A | 135/-60 | Manhattan | No significant radioactivity; Hole restarted | ||||
| CRV-26-003 | 135/-60 | Manhattan | 76.0 | 76.5 | 0.5 | <300 | 480 |
| 87.5 | 88.0 | 0.5 | <300 | 1,200 | |||
| CRV-26-004 | 135/-45 | Manhattan | No significant radioactivity | ||||
| CRV-26-005 | 140/-50 | Brooklyn | 71.0 | 72.0 | 1.0 | <300 | 480 |
| 72.0 | 72.5 | 0.5 | <500 | 850 | |||
| 72.5 | 73.0 | 0.5 | <300 | 410 | |||
| 77.0 | 77.5 | 0.5 | <300 | 400 | |||
| CRV-26-006 | 158/-65 | Brooklyn | 97.5 | 98.5 | 0.5 | <300 | 440 |
| 156.0 | 156.5 | 0.5 | <300 | 300 | |||
| CRV-26-007 | 158/-57 | Brooklyn | No significant radioactivity | ||||
| CRV-26-008 | 140/-55 | Brooklyn | 105.5 | 106.0 | 0.5 | <300 | 480 |
| CRV-26-009 | 335/-70 | Tribeca | 7.5 | 8.0 | 0.5 | <300 | 410 |
| 8.0 | 8.5 | 0.5 | >300 | 800 | |||
| 8.5 | 9.0 | 0.5 | >500 | 1,150 | |||
| 8.0 | 9.5 | 0.5 | >300 | 480 | |||
| 9.5 | 10 | 0.5 | <300 | 630 | |||
| 17.5 | 18.0 | 0.5 | <300 | 330 | |||
| 18.0 | 18.5 | 0.5 | >300 | 1,700 | |||
| 18.5 | 21.0 | 2.5 | ≤300 | 1,100 | |||
| 27.5 | 28.5 | 1.0 | <300 | 970 | |||
| 63.5 | 65.0 | 1.5 | <300 | 420 | |||
| 105.0 | 105.5 | 0.5 | <300 | 920 | |||
| 109.0 | 109.5 | 0.5 | <300 | 580 | |||
| 130.5 | 131.0 | 0.5 | <300 | 620 | |||
| 159.0 | 160 | 1.0 | <300 | 630 | |||
| 169.5 | 170.0 | 0.5 | <300 | 340 | |||
| 182.0 | 182.5 | 0.5 | <300 | 330 |
- All depths and intervals are meters downhole, true thicknesses are yet to be determined. “Anomalous” means >300 cps, this refers to local radioactivity within the overall interval.
Figure 3. Drill core (NQ 47.6 mm diameter) photo from hole CRV-26-003 highlighting cross-cutting carbonate vein and associated hematite alteration hosting radioactivity up to 1,200 cps at 87.55 m.
Figure 4. Drill core (NQ 47.6 mm diameter) photos from hole CRV-26-009 highlighting intervals of anomalous radioactivity, alteration, and structure between 7.5 m to 21.0 m depth.
Next Steps & Follow Up
Drill core samples have been collected systematically throughout all drill holes for whole-rock multi-element geochemical analysis and samples from zones of anomalous** radioactivity have been submitted to SRC Geoanalytical Laboratories in Saskatoon for U3O8 and Rare Earth Element (“ REE”) assay. These analytical results will be integrated with the detailed logging information and geophysical datasets to prioritize follow-up target areas for future drill testing, in addition to testing of numerous other priority regional targets.
The Company believes the Project is highly prospective for the discovery of shallow, high-grade* basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered GMZ and Ackio zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts more than twenty-nine (29) km of structural corridors with multiple untested drill targets with minimal cover of glacial till.
This first pass drill program marks the first drilling on the Project in more than forty (40) years, and the results confirm critical metal fertility across multiple target areas. The Company and Standard will incorporate the results of the 2026 Program into the exploration strategy at Corvo for follow-up exploration programs targeting basement hosted uranium mineralization.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, P.Geo., President and VP Exploration of Standard and a“qualified person” as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.
Geochemical assays are pending. Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS or ICP-OES multi-element analysis using total and partial digestion and boron by fusion. SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard's quality assurance/quality control (“ QA/QC”) protocols. All sample results will be subject to internal QA/QC protocols prior to subsequent release.
Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.
Natural gamma radiation from rocks reported in this news release was measured in counts per second using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. Because the orientation of mineralization is unknown, true widths are unknown and reported intervals represent core lengths. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (“ RSI”) have been calibrated on specially designed Test Pads by RSI. Standard maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.
About Aventis Energy Inc.
Aventis Energy Inc. (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project.
The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 ( 0.116% U 3 O 8 over 1.05 m ) and TL-79-5 ( 0.065% U 3 O 8 over 0.15 m ) 2 . High-grade* Uranium at Surface with the Manhattan showing ( 1.19 to 5.98% U 3 O 8 ) and SMDI showing 2052 ( 0.137% U 3 O 8 and 2,300 ppm Th ).
The Sting Copper Project covers approximately 3,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu.
References
1 News Release: Aventis Energy Confirms High-Grade Uranium Mineralization up to 8.10% U 3 O 8 at Surface on the Corvo Project,
* The Company considers uranium mineralization with concentrations greater than 1.0 wt.% U 3 O8 to be“high-grade”.
** The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be“anomalous”.
*** Natural gamma radiation in outcrop reported in this news release was measured in counts per second (cps) using a handheld RS-125 super-spectrometer. Readers are cautioned that handheld scintillometer/spectrometer and gamma probe readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals.
On Behalf of the Board of Directors
Michael Mulberry
Chief Executive Officer, Director
+1 (604) 229-9772
...
Disclaimer for Forward-Looking Information
This news release includes certain“Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and“forward-looking information” under applicable Canadian securities laws. When used in this news release, the words“anticipate”,“believe”,“estimate”,“expect”,“target”,“plan”,“forecast”,“may”,“would”,“could”,“schedule” and similar words or expressions, identify forward-looking statements or information.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Aventis, future growth potential for Aventis and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, copper, gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Aventis' ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
This news release contains“forward-looking information” within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; the Company's anticipated exploration programs at the Project; and the expected benefits of conducting the Program. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, copper, gold and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
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