The exploration firm Aventis Energy is entering a pivotal operational phase at its Corvo uranium property within Canada’s Athabasca Basin. The company is poised to commence its inaugural drilling program on a project area that has seen no modern exploration for more than four decades, despite historical data pointing to high-grade mineralization. This campaign represents a critical step in validating the asset’s potential.
Strategic Positioning and Project Scale
Strategically located in the eastern portion of the Athabasca Basin, the Corvo project lies approximately 60 kilometers east of Cameco’s prolific McArthur River mine. Aventis holds an option to acquire a 75% interest in the property, which consists of 13 claims covering an area exceeding 12,000 hectares. The imminent start of drilling follows the recent mobilization of field crews in early February.
Comprehensive Pre-Drilling Work Completed
Prior to launching the drill program, Aventis undertook extensive groundwork to pinpoint the most promising targets. The company announced on January 13 the completion of a detailed ground gravity survey conducted by contractor MWH Geo-Surveys. This involved collecting data from over 5,000 measurement points.
The objective of this geophysical work was to identify subsurface density anomalies frequently associated with uranium deposits. Furthermore, the survey examined conductive electromagnetic structures along a 29-kilometer stretch, enabling the precise location of high-priority drill targets.
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High-Grade Historical Samples Set the Stage
The initial 2026 winter drilling program will focus specifically on a zone known as the “Manhattan Showing.” This area has never been drill-tested before, yet historical surface samples have returned exceptionally high uranium grades, including assays of up to 8.10% U₃O₈.
The finalized plans for the campaign outline the following scope:
* Drilling Meterage: The program is designed for 2,500 to 3,000 meters of drilling.
* Number of Holes: Between 8 and 10 drill holes are planned.
* Target Depth: The zones of interest are situated at relatively shallow depths, between 200 and 300 meters below surface.
* Funding: Aventis is fully financing the 100% of the program costs.
Market Context and Upcoming Catalysts
Aventis Energy shares currently trade at €0.14, a level significantly below their 52-week high of €0.42. Successful results from this drilling initiative could provide the catalyst needed to narrow that gap.
The core analysis from this program will deliver the first modern dataset for the Corvo project. It aims to determine whether the high-grade mineralizations identified at surface extend into the bedrock, a finding that would mark a substantial advancement in confirming Aventis’s geological model for the property.
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