From GlobeNewswire: 2025-05-02 20:10:00

Mustang Energy Corp. is collaborating with Resource Potentials Ltd. to reprocess and interpret geophysical data for its uranium projects in the Athabasca Basin. The data includes magnetic, radiometric, gravity, and electromagnetic datasets sourced from federal agencies. The interpretation has identified multiple areas of interest for potential uranium deposits.

The reprocessing and interpretation of historical datasets have led to the identification of priority targets in Mustang’s Athabasca Basin Uranium portfolio. The 914W Project, Spur Project, Ford Lake Project, and Cigar Lake East Project have all shown promising anomalies, warranting further field-based prospecting programs and follow-up mapping and sampling.

Mustang Energy’s CEO, Nicholas Luksha, expressed enthusiasm for the insights gained from the partnership with Resource Potentials. The interpretations from the geophysical data will guide Mustang’s 2025 field program and ongoing project evaluation efforts. It’s important to note that the results are still in the early stages of interpretation, with no guarantee of a mineral discovery.

Resource Potentials Ltd., based in Perth, Australia, specializes in geophysical survey design, processing, and interpretation for exploration and mining operations. The technical information in this release has been reviewed by Lynde Guillaume, a Qualified Person as defined by National Instrument 43-101. Mustang Energy Corp. is focused on acquiring and developing uranium and critical mineral assets in Northern Saskatchewan, actively exploring multiple projects in the Athabasca Basin.



Read more at GlobeNewswire: Mustang Energy Corp. Provides Update on Geophysical