Standard Uranium (TSX-V:STND) Ltd said it has completed the Phase II summer 2021 diamond drilling program at its flagship Davidson River project in Saskatchewan’s Southwest Athabasca Uranium (TSX-V:UAX) District.
The company noted that initial assay results from the drill program showed elevated radioactivity, with several high-priority geophysical drill targets successfully intersected along the Saint, Warrior and Bronco trends.
“Despite challenging conditions, we have intersected some of the most prospective basement structure and alteration to date along the Bronco and Warrior trends, in addition to zones of elevated radioactivity associated with reactivated structures and pegmatitic basement rocks,” Standard Uranium (TSX-V:STND) CEO Jon Bey said in a statement.
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Standard Uranium (TSX-V:STND) said it completed 13 drill holes comprising 3,828 metres (m) of diamond drill core across all four of the major conductive trends on the project during the summer campaign, which officially wrapped up on October 31, 2021.
It added that final results from the drill program are expected in six to eight weeks.
The Davidson River project is located about 25 kilometres (km) to 30 km, respectively, to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits.
As well, the company has announced results of its Annual General Meeting of Shareholders, which was held on November 3, 2021. Shareholders voted in favour of all business items including the fixing of the number of directors at five for the ensuing year, the election of the five proposed nominees for the ensuing year, the re-appointment of Manning Elliott LLP as the company’s auditor for the ensuing year, the re-approval of the company’s stock option plan and the approval of amended and restated by-laws.
Standard Uranium is a Canadian uranium exploration company looking to make the next big discovery in the Athabasca Basin region of Saskatchewan, where it holds five high-quality projects comprising 56,411 hectares in 36 mineral dispositions.
Contact Sean at sean@proactiveinvestors.com