First Phase Of 2025 Exploration Program At The Route 500

VANCOUVER - Auric Minerals Corp. reported the first phase of its 2025 exploration program on the Route 500 Uranium Property, located in Labrador's prospective Central Mineral Belt (CMB). The field team is scheduled to mobilize to the this month 2025.

The Route 500 property is located approximately 100 km west south-west of Paladin Energy's 92 Mlb uranium Michelin deposit, and a similar distance east of Atha Energy Corp's 14.5 Mlb CMB uranium discoveries.

The initial work program will partly cover recommended work programs from the Technical Report on the Route 500 property, and is planned to include prospecting, geologic mapping, plus extensive rock and soil sample surveys. Initial targets were identified during historic exploration programs from 1995 to 2013 by various operators. Particular focus will be made on identifying and tracing Pegmatite bodies on the property, which have historically returned Uranium mineralization.

Chris Huggins, CEO, said, "We are excited to begin exploration on the Route 500 Property. The Central Mineral Belt of Labrador is a highly prospective area as evidenced by Paladin Energy and Atha Energy Corp's discoveries, yet this region is still vastly under-explored."