Fortune Bay Corp. (FOR.V) announced Thursday that priority drill targets have been selected for the upcoming exploration program at the Murmac and Strike Uranium Projects, located near Uranium City in northern Saskatchewan.
The upcoming program is expected to consist of approximately 5,000 metres of drilling to test up to 25 priority targets across the projects, the company said. The targets include both follow-up opportunities near previous uranium results and first-pass tests of newly defined targets along more than 60 kilometres of prospective electromagnetic conductor packages on the northern margin of the Athabasca Basin, it added.
The program is being funded by Manhattan Uranium Discovery Corp. (MANU.V), formerly Aero Energy Limited, under an option agreement, with Fortune Bay acting as operator.
Shares in FOR were up $0.02 or 2.7% to $0.75 yesterday. MANU was down $0.02 or 5.5% at $0.34.