Standard Uranium Ltd (CVE:STND) (OTCQB:STTDF) (FRA:FWB:9SU) announced that it has begun its Phase II winter drill program at the company’s flagship 25,886-hectare Davidson River Uranium Project in Saskatchewan’s Southwest Athabasca Uranium District.
The company noted that the winter program will consist of approximately 4,500 metres (m) of diamond drilling in nine holes, with the objective of making a basement-hosted, high-grade uranium discovery.
“It is great to see the drills turning again on our Davidson River Project and to have the Aggressive Drilling team working with us once again,” Standard Uranium CEO Jon Bey said in a statement.
He added: “Their experience with our Phase I drilling program, and in this region, will go a long way to help us in making a high-grade uranium discovery. Our technical team have prepared an exciting drill program and I look forward to getting to the project site to view core with them.”
Standard Uranium noted that its Davidson River project is located 25 kilometres (km) to 30 km to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits and encapsulates the Warrior corridor, which it suggests is a continuation of the Patterson Lake corridor.
As well, the company said its Phase II program, which includes follow-up drilling on the Warrior corridor with vectoring information gained during the Phase I, will explore the new Bronco and Saint corridors through drill testing offsets and flexures in wide conductive corridors searching for radioactivity, alteration, structure, and graphite-rich and sulphide-rich shear zones.
Standard Uranium added that through the collection and interpretation of technical information from strategically-planned drill holes, it hopes to increase the geological knowledge and discovery potential of the Davidson River property.
The company also said it is planning an additional 1,350m of drilling in four holes during the summer.
Vancouver-based Standard Uranium is a mineral resource exploration company focused on the identification and development of prospective exploration-stage uranium projects in Saskatchewan’s Athabasca Basin.
Contact Sean at sean@proactiveinvestors.com