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CSE:MEC   OTC:MECPF   FRA:92T

Königsstuhl Project

Königsstuhl-PR.jpg

Figure 1: Overview of Mustang Energy's Königsstuhl Project (7),(1)

Highlights

  • Ownership: The Königsstuhl Project is 100% owned by Mustang Energy .

  • Size: 5,228 hectares across 5 claims.

  • Location:

    • The project is located approximately 25 kilometers northwest of Cameco’s McArthur River Mine and 45 kilometres southwest of Cameco’s Cigar Lake Mine. 

  • Adjacent property mineralization (see Figure 1): 

    • Drill hole WMA-010 intersected 0.29% U3O8 over 0.5 m from 881.3-881.8 m, with anomalous Pb, V, Co, Ni, As, in a bleached, clay-altered fault in graphitic pelite1. (SMDI# 3553)

    • Drill hole WMA-004 intersected 0.28% U3O8 over 0.2 m from 1016.0 - 1016.2 m four metres below the Athabasca unconformity associated with a clay-filled fracture in hematite-chlorite paleoweathered semi-pelite2. (SMDI# 3551)

    • Drill Hole CL-138 intersected 547 ppm U(partial) over 0.5 m from 609.3-609.8 m in pelite below the unconformity at 606.6 m3. (SMDI# 3549)

  • Previous Work:

    • The property benefits from extensive high-resolution geophysical coverage including a 2011 ZTEM survey over the southern claim area4, a 2005 MEGATEM survey across the northern claim block5, and a 2005 Radiometric survey covering the entire property. (6)

Overview

The Königsstuhl Project is strategically positioned in the Eastern Athabasca Basin, one of the world’s most productive uranium regions, and consists of five claims covering an area of 5,228 hectares. The project is located approximately 25 kilometers northwest of Cameco’s McArthur River Mine and 45 kilometers southwest of Cameco’s Cigar Lake Mine.

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The geological setting of the Königsstuhl Project demonstrates potential for the discovery of unconformity-style and basement-hosted uranium mineralization similar to that found at Cigar Lake and McArthur River. The property features potential EM conductors and mapped faults identified through previous exploration (3), (4) which serve as both conduits and traps for uranium mineralization.

References

(1) Saskatchewan Mineral Deposits Index, SMDI# 3553, Retrieved from: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/3553

(2) Saskatchewan Mineral Deposits Index, SMDI# 3551, Retrieved from: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/3551

(3) Saskatchewan Mineral Deposits Index, SMDI# 3549, Retrieved from: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/3549

(4) Saskatchewan Mineral Assessment Database, SMAD# 74H-0061, Retrieved from: http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx

(5) Saskatchewan Mineral Assessment Database, SMAD# 74H14-0056, Retrieved from: http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx

(6) Saskatchewan Mineral Assessment Database, SMAD# 74H-0061, Retrieved from: http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx

(7) Saskatchewan GeoAtlas, Retrieved from:  https://gisappl.saskatchewan.ca/Html5Ext/index.html?viewer=GeoAtlas

Exploration Plan (Next Steps)

1. Data Refinement:

  • Reprocess 2023 VTEM datasets to refine anomalies and validate targets.

2. Geophysical Surveys:

  • Complete combined high-resolution ANT and ground gravity surveys over structural anomalies. 

3. Drilling:​

  • Initiate maiden drill program of high-priority targets in the project area focusing on structural anomalies.

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