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     177  0 Kommentare Standard Uranium Begins Drilling at Atlantic Project, Eastern Athabasca Basin

    VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that drilling activities have commenced at the Company’s 3,061-hectare Atlantic Project (“Atlantic” or “the Project”). Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

    The Project is currently under option (the “Option”) to ATCO Mining Inc. (the “Optionee”) an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option, the Optionee can earn a 75% interest in Atlantic over three years. The Optionee-funded winter 2024 drill program is planned to satisfy the first year of minimum exploration expenditures required by the Option.

    Highlights:

    • Standard Uranium’s geological team arrived at site on February 26th and drilling has started on the first hole of the inaugural Atlantic program.
    • One diamond drill testing high-priority target area A on the Project (Figure 2), investigating a significant density anomaly coincident with modeled electromagnetic (“EM”) conductors, and interpreted faults.
    • Additional drill holes will follow up on highly anomalous uranium results and major structure intersected in drill hole BL-16-32.
    • Approximately 2,000-3,000 metres planned across 4-6 drill holes, targeting high-grade1 unconformity-related uranium mineralization.

    The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be “high-grade”.

    “The team and I are thrilled to announce that the drill is spinning ahead of schedule, kicking off our ambitious 2024 exploration season,” said Sean Hillacre, President & VP Exploration for the Company. “There will be rocks in the box just in time for me and Jon Bey to continue sharing our story at the 2024 PDAC Convention, and we look forward to keeping the market updated as we progress our first eastern Athabasca drill program.”

    Below: The diamond drill rig being delivered to the Atlantic project and set up on the first drill hole collar of the winter 2024 program.

    The diamond drill rig being delivered to the Atlantic project and set up on the first drill hole collar of the winter 2024 program.

    Regional summary map of the Atlantic Project highlighting nearby uranium occurrences, historical drill holes, geophysical anomalies, and EM conductors.

    Figure 1. Regional summary map of the Atlantic Project highlighting nearby uranium occurrences, historical drill holes, geophysical anomalies, and EM conductors.

    2024 Winter Drill Program

    The Standard Uranium team arrived on site on February 26th, 2024, and diamond drilling on the first hole is currently underway. The winter program is the first drill campaign undertaken by the Company on the Project following successful identification of high-priority targets in 2022-2023.

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    Standard Uranium Begins Drilling at Atlantic Project, Eastern Athabasca Basin VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) - Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that drilling activities have commenced at the …

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