Gamma Resources submits NOI for Mesa Arc drilling

Executive Summary

• Gamma Resources Ltd. has submitted a Notice of Intent (NOI) to the U.S. Forest Service for a proposed exploration drilling program at its Mesa Arc uranium project in New Mexico.
• The company is advancing the permitting process by preparing a formal Plan of Operations (POO) to complete the National Environmental Policy Act (NEPA) review prior to drilling.
• The proposed program aims to validate historical data, test favorable stratigraphy and structural controls, and advance the project toward resource delineation.

Key Details

• Drilling Program Scope:
  • Approximately 10 to 12 exploration holes.
  • Target depths of up to 500 feet per hole.
  • Construction of 50-foot-by-50-foot drill pads.
  • Utilization of existing Motor Vehicle Use Map (MVUM) roads.
  • Construction of approximately 800 feet of new access road.
  • Temporary on-site staging of drilling equipment for an estimated 30-day period.
• Permitting Status:
  • NOI submitted to the U.S. Forest Service (USFS).
  • Formal Plan of Operations (POO) preparation underway.
  • Collaboration with USFS to progress through the NEPA review process.
• Project Technical Context:
  • Program targets priority areas within the Upper Rio Grande watershed.
  • Focus on validating historical data and testing stratigraphy/structural controls known to host uranium mineralization.
  • Goal is to confirm historical mineralization and move toward resource delineation.
• Project Land Position:
  • Mesa Arc project comprises 41 lode mining claims.
  • Recently expanded by 185 new federal claims.
  • Total land position covers approximately 4,520 acres in northern New Mexico.
  • District hosts documented uranium mineralization (McLemore and Chenoweth, 2017) with previous drilling by Magnum Uranium Corp. (2006).
• Corporate Governance Update:
  • Stephen Goodman has resigned from the board of directors to pursue another corporate opportunity.

Notable Quotes

• "This marks another meaningful milestone as we position Mesa Arc for its next phase of exploration. We value the constructive engagement with the U.S. Forest Service and look forward to continuing to work collaboratively through the permitting process as we advance toward drilling." — Gabriel Alonso-Mendoza, CEO and Director