Stallion Uranium Drilling Continues to Hit Anomalous Radioactivity

VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has encountered anomalous radioactivity in the second completed hole of the Company’s maiden drill program on its 100% owned Coffer Project in the prolific Southwestern Athabasca Basin in Saskatchewan, Canada.

Highlights

• Hole CF24-002 encountered anomalous radioactivity near the unconformity in the Athabasca Sandstone of 333 cps over 3.4 m including 0.4 m at 664 cps with a peak of 771 cps (Counts per Second)
• Hole CF24-002 hit the unconformity at 736.2 m and completed at a depth of 914 m.
• CF24-002 is located 700 m west along strike from CF24-001.
• Stallion holds a 100% ownership of the project.

“We are thrilled to continue to encounter anomalous radioactivity along the Appaloosa trend,” said Darren Slugoski, Vice President Exploration, Canada. “CF24-002 was able to reaffirm radioactivity at the unconformity previously intersected in drill hole CF24-001 as well as demonstrate the fertility of the Appaloosa target and its potential to host a significant deposit. With each drill hole we continue to make significant strides in understanding the geology and structure of the target area.”

Technical Summary for CF24-002
(Zone 12 V 598869 Easting, 6457227 Northing, 000⁰ Azimuth / Dip -85⁰)

CF24-002 is located 700 metres west of CF24-001 (Figure 1) and is targeting an EM conductor located within a gravity low. CF24-002 was a large step-out that was successful in following up radioactivity intersected in CF24-001. Anomalous radioactivity was encountered in the Athabasca Sandstone at the unconformity with radioactivity of 333 cps over 3.4 m including 644 cps over 0.3 with a radioactive peak of 771 cps. Radioactivity is associated with bleaching, hematite and stockwork fractures. A RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer measured a radioactive peak of 120 counts per second ("cps") and a Mount Sopris 2PGA-1000 downhole gamma probe measured a radiometric peak of 771 cps at 735.2 m depth. The unconformity was intersected at 736.2 m, which is 26.4 m shallower than the unconformity in CF24-001. Basement oriented structural measurements taken from CF24-001 indicate that the geology is dipping to the south and to properly test the geology CF24-002 was drilled facing north.