Standard Uranium Ltd (CVE:STND) (OTCQB:STTDF) (FRA:FWB:9SU) has provided an update on its plans for the upcoming phase II summer drilling program at its flagship 25,886-hectare Davidson River Uranium Project in Saskatchewan.
The company in late March concluded the Phase II winter program at the project, and based on positive indications, it has decided to quadruple the summer program to 10,000 metres (m).
Standard Uranium said Geotech Drilling has been selected as its new drilling partner at the project, along with Dahrouge Geological Ltd, Access Helicopters, and the team at Big Bear Lodge.
READ: Standard Uranium ups summer drill program to 10,000 metres at its Davidson River project after positive initial results
The summer drill program is slated to commence the first week of June with crews mobilizing the last week of May. The program is expected to run the entire summer season, wrapping up in mid-September.
The project is situated in the Southwest Athabasca Uranium District of Saskatchewan, 25 to 30 kilometres (km) to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits and encapsulates the inferred continuation of the uranium-fertile Patterson Lake corridor.
“We have a clear vision of where we need to be drilling this summer and have the required permits, community support, and vendors in place to execute,” said Standard Uranium CEO Jon Bey in a statement.
“This will be an exceptionally busy summer for exploration companies in all sectors and we are proud to have secured exceptional vendor partners to drive our 10,000 m drill program. The outlook for uranium is bright as more countries move forward to meet their climate change goals with nuclear energy playing a significant role. We are proud to be a part of the clean energy future through the exploration and discovery of high-grade, basement-hosted uranium at Davidson River.”
Next exploration steps at the Project
The company said the Saint trend has provided promising geological results with only one drill hole thus far. It intends to drill this trend first with multiple holes to start the summer program.
Assay results from the 2021 winter drill program are expected to arrive in mid-May and the company said it will incorporate those results into planning the follow-up drill holes on the Warrior trend. The south-eastern portion of the Warrior trend is expected to be tested where several structural targets lie.
Standard Uranium added that it will progress to the next exploration milestone of widening the search to the other exploration corridors on the Project. The Bronco and Thunderbird trends have several targets of interest that were developed during the geophysical surveying of the Project.
Neil McCallum, the company’s vice president of exploration commented: “With only twenty holes drilled to date on the Project, there are still numerous high priority targets that have yet to be tested. The progression of our exploration to the other exploration trends is an exciting milestone for the project. The targets on all of the trends have me very excited, and I look forward to sharing the results as we make progress.”
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