Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has defined multiple drill-ready target areas on the Atlantic, Canary, and Ascent projects situated in the prolific eastern Athabasca Basin.
Announcing the results of geophysical surveys completed on each of the company’s three eastern Athabasca basin projects, the company said strong EM conductors coupled with regional-scale faults and potential alteration signatures outline high-priority target areas on all three projects.
“The discovery potential on our eastern Athabasca projects keeps growing, and the results of the 2022 geophysical programs have bolstered our targeting strategy in this exciting district,” Sean Hillacre, VP Exploration for the company, said in a statement. “With these newly added layers of information in our targeting toolbox, our technical team and I are very eager to begin drill testing these projects for the first time, searching for classic high-grade unconformity-related uranium mineralization.”
READ: Standard Uranium commences winter drill program at Sun Dog
High-resolution ground gravity, induced polarization, direct current resistivity, and airborne time domain electromagnetic surveys were completed at the properties, with key drill target areas defined for each project based on positive survey results and historical exploration data.
Other focus points:
- ALS Goldspot Discoveries is currently working on providing additional targeting layers based on regional and local information, while incorporating the newly acquired geophysical data.
- Planning for inaugural drill programs designed to follow up on prospective historical results coupled with newly identified geophysical anomalies is underway.
The geophysical surveys completed were designed to characterize lithological variations and alteration signatures, in addition to further refining the structural architecture and known basement conductors on the projects. The results of the surveys have outlined several compelling target areas on all three projects. Along with drill-ready targets, the company’s east-side projects are fully permitted to drill with First Nations agreements in place.
Standard Uranium is a uranium exploration company with a focus on the world-class Athabasca Basin in Saskatchewan, Canada. The company has focused on the identification and exploration of Athabasca-style uranium targets with a view to discovery and future development.
Standard Uranium’s Atlantic, Canary, and Ascent Projects, in the northeast Athabasca Basin, comprise nine mineral claims over 13,215 hectares. The eastern basin projects are highly prospective for unconformity-related uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.
Contact the author at jon.hopkins@proactiveinvestors.com