Standard Uranium Ltd (TSXV: STND) (OTCQB: STTDF) has kicked off a diamond drilling programme at its 100% owned Sun Dog Project in Saskatchewan.
Sun Dog is located at the north-western edge of the Athabasca Basin and is south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City.
Key Focus Points:
- High-resolution ground gravity geophysics complete at Sun Dog.
- Sun Dog diamond drill program has begun.
- Drill program on-target to begin at Davidson River, with drill contractor engaged.
- All three East Side projects permitted, and geophysical programs contracted.
The company has received the results of a high-resolution ground gravity survey completed over the Skye, Haven, and Java target areas on the Project, further refining high-priority uranium drill targets across the 15,770-hectare property.
Several gravity-low anomalies have been identified and coincide with breaks or flexures in electromagnetic (EM) conductors under Athabasca sandstone cover, providing compelling ready-to-drill unconformity-related uranium targets.
In addition, a high-resolution UAV magnetic survey will be carried out over the coming days to add further geological context to this season’s drill targets which are locally following up on known high-grade uranium mineralisation.
CEO and Chairman, Jon Bey, said the perched uranium mineralisation present in the Athabasca sandstone outcrop on the Project has never been properly drill-tested at depth, and during the inaugural winter drill program, the company aims to discover the high-grade “roots” of these mineralising systems in the basement rocks underlying the sandstones. In addition, a portion of the planned holes will follow-up along conductor strike from historical basement-hosted uranium mineralisation.
“This is the start of Standard Uranium’s largest exploration programme to date, and we are thrilled to be drilling our Sun Dog project to kick off our 2022 season,” Mr Bey said.
“Our projects are permitted for the 2022 season, we have agreements with First Nations in place, and we have all our vendors contracted.
“We are seeing a sharpening of investor sentiment and focus upon issues such as the stability of nuclear energy supply and the impact of political instability upon uranium exploration and mining operations.
“We believe that Standard Uranium’s excellent exploration prospects and operating environment leave us well positioned to be able to create value for our shareholders”.
Immediately following the completion of the Sun Dog drill program, the company will mobilise and begin the fourth drill programme on its flagship Davidson River Project. The 25,886-hectare Davidson River Project is situated in the Southwest Athabasca Uranium District of Saskatchewan and contains significant blue-sky potential to make a high-grade basement-hosted uranium discovery.
The spring/summer drill programme is expected to commence in May 2022, with key contractors secured, and will follow-up on the most prospective basement structures and alteration zones intersected to date and begin testing new target areas along all four major conductors at Davidson River.
Several kilometres of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remains unexplored to date. The information, from only two years of exploration on the project (2020-2021 drilling), has added to the geological framework of the property and has bolstered the company’s confidence in continued exploration and drilling in 2022.
For further information please visit: https://standarduranium.ca/