Standard Uranium Concludes Phase I Drilling at its Flagship Davidson River Project, Announces Gunnar Exploration Program - Seite 2

• The variable thicknesses and presence of differing rock types in contact with the basement rocks, coupled with the 30 metre vertical off-set in one drill fence will be an important interpretation tool in order to guide the location of follow-up holes (Drill holes DR-20-001, 003, 005, Figure 1).
• Several zones of early structural shearing and subsequent brittle deformation have been intersected in multiple drill holes across the strike length of the Warrior trend. The presence of relatively soft graphite- and chlorite-rich zones interlayered with competent quartz-rich basement rocks at Davidson River provided ideal competency contrasts where shear zones develop, and ensuing brittle-reactivation occurs. The zones of significant structural disturbance will provide critical support for the creation of further refined drill targets across the Warrior trend, as well as along other geophysical trends on the Davidson River Project.
• The deepest hole drilled on the Project (DR-20-011) intersected a major, locally graphitic shear zone from 409.6 to 417.8 m, with significant brittle overprint evidenced by cataclasite veins, polyphase quartz veins, brecciation, and slickenstriae on graphitic-chloritic fractures throughout (Figure 2). The structure is steeply dipping, and overprints relatively gentle dipping wall rock foliation. The structure is bound by zones of migmatite in both the hanging wall and foot wall, indicated by wavy and folded compositional banding. Additionally, two more zones of brittle deformation were intersected downhole from the reactivated shear at greater than 550 metres drill hole depth.  This hole, as well as DR-20-009 which also intersected significant structure, will be a priority to follow-up during Phase II drilling.
• Anomalous radioactivity (>200 cps on handheld RS-125 super-spec scintillometer) has been encountered in multiple pegmatitic bodies in the basement rocks, as well as associated with a crosscutting vein containing smoky quartz in DR-20-011. The significant brittle-reactivated graphitic shear zone intersected by DR-20-011 has similar characteristics to that intersected in hole DR-20-009, and further adds to the technical success of the SE Warrior drill holes.
• The relatively shallow depth to the basement (as shallow as 50 metres) has implications on the efficacy of geochemical exploration methods. The presence of bitumen on fracture faces as deep as 300 metres into the basement rock in several drill holes provides evidence of downward fluid migration across the Property. Conversely, local strong pervasive hematite-staining within the intersected Devonian Meadow Lake Formation sandstones is suggestive of upward fluid migration. Uranium geochemical anomalies have been observed at surface even above deep-seated uranium deposits in the Athabasca Basin, such as Cigar Lake (450m deep), Millennium (750m deep) and Phoenix (400m deep); and thus could prove to be an effective exploration tool at Davidson River.

Neil McCallum, VP Exploration commented: “I am proud of the performance of our exploration team and contractors, given the regular and extraordinary project challenges. No holes were lost in the overburden, we were ahead of schedule and completed more metres than anticipated. A substantial amount of valuable information was collected in our inaugural drill program, and we will be interpreting this information over the next few months, coupled with the geochemical and clay analysis. We anticipate entering the Phase II winter drilling program armed with more specific drill targets and interpretations based on what we have learned so far.”