Standard Uranium (TSX-V:STND) Ltd announced it has signed a new engagement agreement with Ya’thi Néné Land and Resource Office, allowing it to further exploration work at the company’s Sun Dog project in Saskatchewan.
The “milestone” agreement strengthens the uranium company’s relationships with First Nations and northern community stakeholders in the area, Standard Uranium noted.
“Signing the engagement agreement with our First Nations and northern community representatives is a milestone event for our team at Standard Uranium and a step towards building strong relationships with local stakeholders,” CEO Jon Bey said in a statement.
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“We have been anxiously awaiting the opportunity to explore the Sun Dog project knowing the potential for high-grade uranium discoveries in this region. Working closely with our local stakeholders, we have the potential to bring opportunities back to this incredible region,” Bey added.
Winter exploration plans
In addition to the agreement, Vancouver-based Standard Uranium revealed its exploration plans at the 15,770-hectare project for the winter season, which include high resolution geophysics and a diamond drilling campaign.
The company plans to conduct high resolution airborne magnetic and ground gravity surveys over the Skye, Haven and Java target areas starting in January 2022, leading into the inaugural drill program that will start in the first week of March 2022.
A 3,000-metre diamond drill program will test high priority basement and unconformity targets for high-grade uranium mineralization at relatively shallow depths.
After visiting the project recently with CEO Bey, vice president exploration Sean Hillacre told shareholders that he was “extremely impressed” by the wealth of structural features and uranium mineralization occurrences.
“The extent of the faulting and brecciation in the Athabasca sandstones and exposed basement rocks coinciding with strong radioactivity on surface at our Skye target, Java target and Haven discovery has me excited to begin our inaugural drill program and follow up on the basement 'roots' of these perched mineralization systems,” Hillacre said.
“The strong alteration and uranium mineralization occurrences at surface bode extremely well for what is potentially contained within the down-dip extension of these major structures into the basement rocks below.”
Sun Dog is located at the northwestern edge of the Athabasca Basin, just south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City.
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