Standard Uranium Ltd. Outlines 2022 Exploration Plans
December 07, 2021 at 01:00 pm
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Standard Uranium Ltd. announced 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 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 Companys five projects are situated in the highly prolific Athabasca Basin (the Basin), host to the worlds high grade uranium deposits. Exploration Summary: 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 Companys 100% owned Sun Dog Project, located along the northwestern rim of the Basin: 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 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 Companys 100% owned Atlantic, Canary, and Ascent Projects on the east side of the Athabasca Basin; 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. The Company announced that it has secured key contractors to complete the exploration programs planned for 2022 despite the current extreme demand in the industry. Base Diamond Drilling Ltd., led by Mr. Brady Stokes, has been secured for the Sun Dog and Davidson River drill programs. The drill contractor has extensive experience in both project areas and has the equipment and skilled personnel to execute on these drill programs. MWH Geo-Surveys Ltd. (MWH) has been contracted to complete the high-resolution ground gravity and UAV magnetics surveys over the Atlantic Project and Sun Dog. MWH has several decades of experience working in the Athabasca Basin and providing top-tier geophysical products to aid in successful exploration drill hole targeting.
Standard Uranium Ltd. is a uranium exploration company. The Company has interests in 11 exploration properties, totaling over 209,867 acres across the Athabasca Basin. Its projects include the Davidson River Project, Sun Dog Project, Ascent Project, Atlantic Project, Canary Project, Rocas Project, Corvo Project, Cable Bay Southwest, Ox Lake, Brown Lake Project and Harrison project. The Davidson River property is in the southwest Athabasca uranium district of the Athabasca Basin, Saskatchewan and consists of 10 contiguous mineral dispositions totaling 30,737 hectares (ha). The Atlantic project consists of seven mineral dispositions totaling 3,061 ha. The Canary project comprises two mineral dispositions totaling 7,303 ha. The Rocas project comprises three mineral dispositions totaling 3,152 ha. The Corvo project consists of 10 mineral dispositions totaling 7,989 ha. The Ox Lake Project consists of one mineral claim totaling 397.5 ha. The Harrison project comprised two mineral claims.