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2 stories mentioning FTUR.VUpdated 1d ago

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Mining & Metals

Future Fuels Provides AI-Generated Exploration Targets At Hornby Basin Uranium Project

Future Fuels (FTUR.V) unveiled the results of its AI-assisted prospectivity mapping program at its Hornby Basin uranium project in Nunavut, the company said Wednesday.The AI analysis identified multiple high-priority exploration targets across the 3,407 square-kilometer land package, including the new undrilled Lambda target located south of the historic Mountain Lake uranium system.AI modelling across the southern portion of the project also identified priority targets corresponding to the historically mineralized Bluto, 3Ts, Echo and Contact Lake zones, where previous operators drilled unconformity style mineralization, the company said."For the first time, decades of fragmented exploration data from multiple operators - spanning drilling, geophysics, geochemistry, and alteration mapping, has been compiled and analyzed through advanced AI across the entire Hornby Basin," chief executive Rob Leckie said."The outcome is a clear, data-driven exploration framework that has identified compelling new targets like Lambda, validated historically mineralized zones, and revealed a district-scale uranium system with multiple independent target styles," Leckie added.

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Mining & Metals

Future Fuels Provides Results of 3D Gravity Inversion at Hornby Basin

Future Fuels (FTUR.V) provided results of advanced processing and 3D inversion modelling of its 2025 ground gravity survey at its 100%-owned Hornby Basin Uranium project, located about 95 kilometers southwest of Kugluktuk, Nunavut, on Thursday.Results show that the known Mountain Lake uranium system is coincident with a discrete density signature in the 3D model (ML-Anom-1), providing a powerful geophysical calibration point and confirming gravity inversion as an effective uranium targeting tool across the Hornby Basin, it said. A new priority target, South-Anom-1, has been outlined south of the Aquitaine Fault corridor, sitting in the same structural-stratigraphic setting as the Mountain Lake system and remaining open for first-pass drill testing.The company said the Jenny Lake target area is defined by a continuous density feature, JL-Anom-1, that persists across the survey area north of the Imperial Fault, presenting "district-scale follow-up potential." Additional discrete targets, North-Anom-1, North-Anom-2 and North-Anom-3, all have been defined north of the Jenny Lake target area, including a fault-parallel feature in a structural setting analogous to that hosting the Mountain Lake deposit, it said.Future Fuels is using gravity inversion at Hornby as a uranium-architecture tool, providing insights to the sandstone thickness, basement relief, fault corridors, structural blocks and possible alteration, the company said."Hornby is prospective for two of the most important uranium deposit styles in Canada, and this gravity model resolves the architecture that controls both," said Future Fuels Chief Executive Rob Leckie. "The known Mountain Lake uranium system has given us a calibration point we can now apply across the entire Project."The company's shares last traded June 2, closing at $0.39 on the TSX Venture Exchange.

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