Standard Uranium Provides Drilling Update at its Flagship Davidson River Project
VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to provide an
update on its plans for the upcoming phase II summer drilling program at its flagship 25,886-hectare Davidson River Uranium Project (the “Project”). The Company concluded the Phase II winter
program at the Project on March 29, 2021. Based on positive indications from the winter drill program, the Company announced on March 29, 2021 it would quadruple the summer program to 10,000
metres. Full details of the news release can be found on our website.
The Company is pleased to announce that Geotech Drilling has been selected as our new drilling partner at the Project. Along with Dahrouge Geological Ltd., Access Helicopters, and the team at Big Bear Lodge, all vendors have been secured and the phase II 10,000 metre summer drill program is slated to commence the first week of June with crews mobilizing the last week of May. The drill program is expected to run the entire summer season, wrapping up in mid-September.
The Project is situated in the Southwest Athabasca Uranium District of Saskatchewan, 25 to 30 kilometres to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits and encapsulates the inferred continuation of the uranium-fertile Patterson Lake corridor.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/316d1ee2-91d7-4623 ...
Jon Bey, President and CEO comments: “I am very pleased with what we have accomplished at our Davidson River Project. We have a clear vision of where we need to be drilling this summer and have the required permits, community support, and vendors in place to execute. This will be an exceptionally busy summer for exploration companies in all sectors and we are proud to have secured exceptional vendor partners to drive our 10,000 m drill program. The outlook for uranium is bright as more countries move forward to meet their climate change goals with nuclear energy playing a significant role. We are proud to be a part of the clean energy future through the exploration and discovery of high-grade, basement-hosted uranium at Davidson River.”