TRCTF - Traction Uranium and Forum Energy Metals Commence Airborne MobileMT Survey on the Grease River Project Athabasca Basin | Benzinga
CALGARY, Alberta, June 12, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE:TRAC) (OTC:TRCTF) (FRA: Z1K) (the "Company" or "Traction") and Forum Energy Metals Corp. ("Forum") are pleased to announce they have commenced a helicopter-borne airborne MobileMT (Mobile MagnetoTellurics) survey on the Grease River Project, located along the north rim of the Athabasca Basin, Saskatchewan.
The survey is being completed by Expert Geophysics based out of Aurora, Ontario. A total of 1,781 line-km will be surveyed at a 100 metre line spacing and will collect high resolution magnetic and VLF data. The survey will be conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1). Data delivery is expected within eight weeks from completion of the survey from Expert Geophysics and will be interpreted for follow-up exploration.
This additional airborne geophysical survey will help resolve conductors and fault zones to a greater depth for future drill targeting that were not easily imaged by the Xcite™ Time Domain Electromagnetic System flown in 2023 (see New Releases dated May 10, June 28, and November 2, 2023). In particular, a shallow conductive layer in the Athabasca sandstone masked the electromagnetic signal at depth on the western block so this survey aims at penetrating it and resolving the basement structures to a greater degree. The high-resolution magnetic data is also important to highlight important fault zones or corridors that could host uranium mineralization.
Paul Gorman, Chief Executive Officer of Traction commented, "As we commence the helicopter-borne MobileMT survey with Forum on the Grease River Project, we are excited about the potential insights and discoveries this advanced technology can bring. This survey marks a significant step forward in our exploration efforts, demonstrating our commitment to leveraging cutting-edge methods to unlock the full potential of our project."
Mobile MagnetoTellurics (MobileMT system)
Mobile MagnetoTellurics (MobileMT) is the latest innovation in airborne electromagnetics and the most advanced generation of airborne AFMAG technologies. The patent pending MobileMT technology utilizes naturally occurring electromagnetic fields in the frequency range of 25 – 20,000 Hz. Thunderstorms release energy, some of which is converted into electromagnetic fields that propagate through ...