Global Uranium Scopes Geophysical Survey Plans in Wyoming Following Successful Datasets and Big Rock Engagement
January 16 2025 - 7:00AM
Global Uranium Corp. (CSE:
GURN |
OTC:
GURFF | FRA:
Q3J) (the
“
Company”) is pleased to announce the initiation
of its collaboration with Big Rock Exploration ("BRE") to scope out
geophysical surveys for its uranium exploration claims in Wyoming.
This engagement follows the signing of a Letter of Engagement with
BRE last fall, further advancing the Company’s efforts to evaluate
the potential of its strategically located claims.
Big Rock Exploration will assess the feasibility
of conducting ground-based and UAV magnetic surveys across Global
Uranium’s claim areas, focusing on developing the Company’s
exploration strategy for roll-front uranium deposits. The proposed
magnetic surveys would aim to map subsurface that are of importance
in roll-front uranium systems, as they may influence the migration
and deposition of uranium-bearing fluids. By delineating these
structures, Global Uranium can continue improving its understanding
of the local geological frameworks in each project area to identify
high-priority drill targets. This initiative would build upon the
radiometric datasets collected during the summer of 2024, which
successfully identified zones of elevated gamma radiation on the
Airline and Big Bend claims.
In addition to scoping geophysical surveys, Big
Rock Exploration is performing a desktop review of the project
areas, which consists of consolidating public geospatial data
relevant to the project areas to address jurisdictional risk
management, including land position, access, surface and mineral
ownership, and any special management areas. A review of potential
legacy and historical data sources within a buffer around the
project areas will follow. Subsequently, potential data sources
will be prioritized to ensure that high-value targets are
efficiently addressed. The desktop program aims to provide a
detailed understanding of the exploration landscape, further
de-risking the project and enhancing the design of subsequent field
surveys.
“The work in Wyoming is just beginning and we
are excited to be working with Big Rock Exploration to build upon
the successful datasets we saw with the radiometric surveys last
summer,” said Ungad Chadda, CEO at Global Uranium. “We want to
determine if combining radiometric and magnetic data will allow us
to develop a more robust understanding of the subsurface
environment, and provide us the tools we need to make informed
decisions as we prepare for the next phase of exploration.”
Global Uranium and Big Rock Exploration will
collaborate to define the scope and logistics of the geophysical
surveys. The initial focus will include key claim areas in the
Copper Mountain and Great Divide Basin Districts, with survey
designs tailored to local geological and topographic
conditions.
Qualified Person
Jared Suchan, Ph.D., P.Geo., VP of Exploration
for the Company, and a Qualified Person (as such term is defined in
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects), has reviewed and approved the scientific and technical
disclosure contained in this news release.
Quality Assurance and Quality
Control
For a discussion of the Company’s QA/QC and data
verification processes and procedures at the NWA Project, please
see its technical report entitled “NI 43-101 on the Northwest
Athabasca Project Northern Saskatchewan Centered at: Latitude
59°24’00” N, Longitude 109°54’00” W”, with an effective date of
June 27, 2024, which is available under the Company’s profile at
www.sedarplus.ca.
On Behalf of The Management
Team
Ungad
ChaddaCEO587-330-0045info@globaluranium.com
Forward-Looking Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current belief or assumptions as to the outcome and timing of such
future events. In particular, this press release contains
forward-looking information relating to, among other things, the
intention to continue exploration efforts on the Project with the
aim of further unlocking the Project’s potential; and the
expectation that natural attenuation will allow the site to recover
without further action.
Although forward-looking information is based on
the reasonable assumptions of the Company’s management, there can
be no assurance that any forward-looking information will prove to
be accurate. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such factors include
the risk that exploration of the Project may not continue, whether
as a result of a lack of financial resources, a failure to receive
the requisite permits or approvals, the discretion of management of
the joint venture or otherwise; the risk that exploration of the
Project will not progress as currently contemplated and, that, even
if exploration does proceed as anticipated, such exploration
activities may not achieve their anticipated outcomes; risks
inherent in the exploration and development of mineral projects,
including risks relating to receiving requisite permits and
approvals, changes in project parameters or delays as plans
continue to be redefined, that mineral exploration is inherently
uncertain and that the results of mineral exploration may not be
indicative of the actual geology or mineralization of a project;
the risk that mineral exploration may be unsuccessful or fail to
achieve the results anticipated by the Company; risks related to
joint ventures and the other risks and factors identified by the
Company in its continuous disclosure filings, filed on the
Company’s SEDAR+ profile at www.sedarplus.ca.
The forward-looking information contained in
this release is made as of the date hereof, and the Company is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
The Canadian Securities Exchange has not
reviewed, approved, or disapproved the contents of this press
release.
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