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Fortune Bay Announces New Winter Drill Targets at Murmac Uranium Project

Story Highlights
  • Fortune Bay Corp. focuses on high-grade uranium exploration in Saskatchewan.
  • New drill targets at Murmac indicate potential uranium deposits, enhancing Fortune Bay’s prospects.
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Fortune Bay Announces New Winter Drill Targets at Murmac Uranium Project

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Fortune Bay ( (TSE:FOR) ) has issued an announcement.

Fortune Bay Corp. has announced its winter drill targets for the Murmac Uranium Project in northern Saskatchewan, following a successful radon-in-water survey. The survey identified strong radon anomalies along electromagnetic conductors, which are indicative of potential uranium deposits. The upcoming drilling program, funded by Aero Energy Limited, aims to test these promising targets, potentially enhancing Fortune Bay’s positioning in the uranium exploration sector.

More about Fortune Bay

Fortune Bay Corp. operates in the uranium exploration industry, focusing on the identification and development of high-grade uranium deposits. The company is engaged in exploring the Murmac Uranium Project located in northern Saskatchewan, Canada, particularly targeting basement-hosted deposits related to the Athabasca Basin.

YTD Price Performance: 61.90%

Average Trading Volume: 28,487

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$16.8M

See more data about FOR stock on TipRanks’ Stock Analysis page.

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