Aventis Energy Mobilizes Drills for Long-Awaited Corvo Uranium Campaign

Aventis Energy CA05358H1091

After more than forty years of inactivity, the Corvo uranium project in Canada is poised for a significant revival. Its owner, Aventis Energy, has announced the imminent launch of its inaugural drilling program, marking a pivotal moment for the exploration company. With preparatory geophysical work now complete, machinery is being mobilized ahead of schedule to test the property's subsurface potential.

The project's setting is a key part of its story. Corvo is situated within Saskatchewan's prolific Athabasca Basin, a global epicenter for high-grade uranium deposits. Its location is notably strategic, lying approximately 60 kilometers east of Cameco's McArthur River mine and about 45 kilometers northeast of Atha Energy's Gemini Zone. This proximity to established and emerging assets underscores the region's high mineral prospectivity.

From Gravity Survey to Green Light

The decision to proceed with drilling follows the successful conclusion of an extensive ground gravity survey. This work, finalized in mid-January, involved collecting data from over 5,000 measurement points across a 50-by-200-meter grid. The objective was to pinpoint geological density anomalies, which are frequently associated with hydrothermal systems—the very systems known to host uranium mineralization. The positive results from this campaign provided the necessary confidence to accelerate the timeline.

Consequently, field teams are being mobilized for the start of February, earlier than initially planned.

Targeting Historic High-Grades at "Manhattan Showing"

The upcoming winter drilling program represents the first of its kind at Corvo in four decades. A primary target will be the "Manhattan Showing," an area designated as high-priority due to compelling historical data. Surface samples taken from this site in the past returned remarkable uranium oxide (U₃O₈) assays as high as 8.10 percent. Despite these highly encouraging surface indicators, no drill has ever tested the potential at depth in this specific location.

The technical parameters for the initial phase are as follows:

• Program Scale: An estimated 2,500 to 3,000 meters of total drilling.
• Number of Holes: Plans call for 8 to 10 individual drill holes.
• Target Depth: Objectives are considered relatively shallow, primarily within 200 to 300 meters of the surface.
• Funding: Aventis Energy is fully financing the exploration campaign.

Market Anticipation and Forthcoming Catalysts

This operational progress is being watched by the market. The company's shares are currently trading at 0.14 euros, having posted a weekly gain of just over 4 percent, though the price remains well below its 52-week high.

For investors, the coming months will deliver tangible milestones. The confirmation of crew mobilization in February will be followed by the extraction of the first drill cores, expected by March or April. However, the definitive catalyst will arrive in early 2026, when laboratory results from the core samples are received. These assays will finally reveal whether the historic surface-grade uranium mineralisation continues at depth, validating the project's underlying thesis.

@ boerse-global.de | CA05358H1091 AVENTIS