Gamma hires SWCA to conduct survey at Mesa Arc

Executive Summary

• Gamma Resources Ltd. has engaged SWCA Environmental Consultants to conduct a Class III cultural resource survey and archaeological investigation at its Mesa Arc project in New Mexico.
• This survey is a standard regulatory requirement prior to initiating exploration activities on United States Forest Service lands and is intended to ensure compliance with federal cultural resource protection regulations.
• The archaeological work supports the company's planned drill program, which is designed to test mineralization through drilling to depths of approximately 350 feet at four proposed locations, totaling 10 to 12 exploration drill holes.

Key Details

• Survey Scope: Class III cultural resource survey and archaeological investigation conducted by SWCA Environmental Consultants.
• Regulatory Context: Required prior to exploration activities on United States Forest Service lands to ensure compliance with federal cultural resource protection regulations.
• Drilling Plan:
  • Target depth: Approximately 350 feet.
  • Number of locations: Four proposed drill locations.
  • Total holes: Approximately 10 to 12 exploration drill holes.
  • Objective: Test mineralization and validate historical data regarding uranium mineralization in the Upper Rio Grande watershed area.
• Project Status: The company expects to continue advancing permitting and planning activities related to the Mesa Arc drilling program upon completion of the field survey and submission of the final archaeological report to the U.S. Forest Service.
• Project Assets: Mesa Arc project comprises 41 lode mining claims, recently expanded by 185 new federal claims to cover approximately 4,520 acres in northern New Mexico.
• Historical Context: The district hosts documented uranium mineralization (McLemore & Chenoweth, 2017) and previous drilling by Magnum Uranium Corp. (2006).

Notable Quotes

• "Advancing the Mesa Arc project through the required baseline studies is an important step toward initiating our planned drill program in New Mexico. Engaging a highly experienced firm such as SWCA helps ensure that our exploration activities are conducted responsibly and in full compliance with federal land management requirements. We look forward to completing this work and progressing toward drill testing the mineral potential at Mesa Arc." — Gabriel Alonso-Mendoza, CEO and Director