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Figure 4: Cigar Lake East project claims, historic drillhole collars and mineral occurrences over a mosaic VTEM EM decay colour image from 2 separate airborne EM surveys where hot colours indicate electrical conductors, all overlying a greyscale magnetic derivative background image. An EM conductor of interest is coincident with a magnetic-low anomaly trend that has not been historically drill tested, along trend from the Rabbit Lake U Mine and adjacent to known mineralised trends. (map layers retrieved from: Government of Saskatchewan Mining and Petroleum GeoAtlas and Natural Resources Canada)
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“Our partnership with ResPot has yielded valuable insights that advance Mustang’s uranium exploration strategy,” said Nicholas Luksha, CEO and Director of Mustang Energy. “By leveraging existing datasets and high-end geophysical modelling, we are refining drill targets while optimizing exploration spend. These interpretations form the basis of our 2025 field program and inform our ongoing project evaluation efforts.”
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All geophysical data contained in this news release is not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.
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About Resource Potentials:
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Resource Potentials Ltd. is a consulting and contracting business specialising in geophysical survey design, acquisition, processing, modelling, inversion, data integration, interpretation and drill hole targeting. Based in Perth, Western Australia and established in 2001, ResPot provide their clients with expertise and products that fit their requirements and budgets for exploration, drilling and mining operations. ResPot is highly experienced in processing, interpreting and modelling potential field (magnetic and gravity) and other geophysical surveys such as radiometrics, EM, IP, GPR and seismic data in a variety of geological settings for commodities including; gold, iron, base metals, uranium, REE, manganese, coal, diamonds, oil and gas, groundwater, etc.
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Qualifying Statement:
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The scientific and technical information in this release has been reviewed and approved by Lynde Guillaume, P.Geo., Technical Advisor for Mustang Energy, and a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Ms. Guillaume is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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About Mustang Energy Corp.:
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Mustang Energy is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The Company is actively exploring its properties in Northern Saskatchewan, Canada and holds 92,211 hectares in around the Athabasca Basin. Mustang’s Ford Lake project covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares, and the south-east region with the Spur Project (17,929 hectares). Mustang has also established a footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares) and further expanded its presence in the south-central region of the Athabasca Basin with the Dutton Project (7,633 hectares).
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For further information, please contact:
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Mustang Energy Corp.
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Attention: Nicholas Luksha, CEO and Director
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Phone: (604) 838-0184
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Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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