Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) revealed the final analytical results from its Phase II drill program on its Davidson River project in Saskatchewan.
CEO Jon Bey told shareholders that the results illustrated “key technical information that gets better with each drill program.”
According to the results, reactivated and strongly graphitic basement structures along the previously untested Bronco trend were successfully intersected in several drill holes.
READ: Standard Uranium outlines far-reaching exploration plans for 2022 and ties up key contractors
The company said that “deep seated, strongly graphitic structural zones were intersected within all four drill holes on the Bronco trend, exhibiting 1.3 kilometres (km) of continuity along strike.
Additionally, stacked structures exhibit evidence of brittle reactivation in shear zones and hydrothermal fluid flow through fault conduits including moderate clay alteration and fault gouge at depth, according to a statement.
“Our goal is to make a high-grade basement hosted discovery and we are excited and committed to building on these results when we return to drill the fourth program this spring,” CEO Bey told investors.
Exploration plans at Sun Dog project
Prior to returning to Davidson River, Standard will drill its first program at the Sun Dog project near Uranium City in March.
Sampling from boulder grab samples at Sun Dog confirm the motivation to proceed with the winter exploration program of a UAV magnetic survey, ground gravity survey and an inaugural drilling program, Standard told shareholders.
The program will focus on several high-priority target areas, including Skye, Haven, and Java, along several kilometres of untested graphitic conductors coincident with cross-cutting faults and historical intersections of high-grade uranium mineralization.
The perched uranium mineralization present in the Athabasca sandstone outcrop on Sun Dog has never been properly tested at depth, and Standard is aiming to discover the high-grade “roots” of these mineralizing systems in the basement rocks underlying the mineralized sandstones, it said.
The confirmed presence of perched uranium mineralization at Sun Dog bodes well for the potential discovery of a significant uranium system, according to vice president of exploration Sean Hillacre, who also expressed excitement at the potential at Davidson River.
Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia that is focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan.
Contact Angela at angela@proactiveinvestors.com
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