Standard Uranium Outlines 2022 Exploration Plans & Securing of Key Contractors
VANCOUVER, British Columbia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce
its exploration schedule for 2022, in addition to confirming the Company has secured key contractors to complete the planned work.
The Company will be following up on prospective drilling results on its flagship 25,886-hectare Davidson River Project (“Davidson River”) and will be completing the inaugural drill program on its 100% owned Sun Dog Project (“Sun Dog”). In addition, the Company has planned targeted geophysical surveys over its three 100% owned Eastern Basin Projects to get those projects drill-ready for late 2022. The Company’s five projects are situated in the highly prolific Athabasca Basin (the “Basin”), host to the world’s highest grade uranium deposits.
Jon Bey, President and CEO stated: “There is currently a staking rush and a large influx of new entrants into the Athabasca Basin as the uranium sector heats up. Not only do we have strong relationships with our First Nations partners, but we have also secured contractors to work all our exploration programs for 2022. I am proud to say our team is set for success with all projects permitted, funded, and key staff contracted.”
- 2022 will be the most ambitious year of exploration activities for the Company to date. The Company will be executing a minimum of two drill campaigns in addition to geophysical surveys over four of its projects to prioritize targets and focus drilling.
- Winter drilling will focus on the Company’s 100% owned Sun Dog Project, located along the northwestern rim of the Basin (Figure 1):
- The inaugural Sun Dog drill campaign planned to begin in March 2022 will focus on several high-priority target areas along several kilometres of untested graphitic conductors coincident with cross-cutting faults and historical intersections of high-grade uranium mineralization.
- The program will follow up on uranium mineralization, major structures, and alteration zones intersected in historical drill holes, as well as high-grade mineralization discovered at surface at the Haven (0.7% U3O8), Skye (3.58% U3O8), and Java (1.7% U3O8) target areas.
- The perched mineralization present at surface on Sun Dog has never been properly tested at depth, and the Company aims to discover the high-grade “roots” of these mineralizing systems in the basement rocks underlying the Athabasca sandstones.
- Prior to the winter drill program, the Company will be conducting high-resolution ground gravity and UAV magnetics surveys over high-priority target areas on Sun Dog in February 2022.
- Spring/Summer drilling will comprise an aggressive follow-up campaign on Davidson River, located in the southwestern corner of the Basin.
- The 2022 drill program planned to commence in May 2022 will follow up on the most prospective basement structures and alteration zones intersected to date (Figure 2) and begin testing new target areas along all four major conductors on the Project.
- Several kilometres of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remains unexplored to date.
- In addition to the 2022 drill programs, geophysical programs have been planned at Sun Dog along with the Company’s 100% owned Atlantic, Canary,
and Ascent Projects on the east side of the Athabasca Basin (Figure 3);
- High-resolution ground gravity will be conducted over the western Atlantic claim blocks in January 2022 to allow for prioritization of future drill targets.
- An airborne VTEM survey is planned on the Ascent Project to further define and model the conductive exploration corridors on the property.
- An induced polarization/resistivity (“IP/resistivity”) survey is planned on the Canary Project to yield valuable structural and lithological
information on the Project. The IP/resistivity method will assist the technical team in mapping out cross-cutting structures and potential alteration halos in the sandstone and basement rocks.