Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced that it has kicked off its winter drill program at its Sun Dog project in Saskatchewan.
The program follows a high-resolution ground gravity survey over the Skye, Haven and Java targets which helped to refine the drill targets on the property, the company noted.
Another high-resolution UAV magnetic survey will be conducted over the next few days to help contextualize the geology at the drill targets, it added.
This will be the first time that the perched uranium mineralization at the Athabasca sandstone crop are drill-tested at depth, the company told investors. Standard Uranium is hoping to discover the high-grade origins of the mineralized system in the basement rocks underneath the sandstones.
READ: Standard Uranium says exploration activities have commenced on its Sun Dog Project in Saskatchewan; names company president
The Sun Dog drill program is Standard Uranium's largest exploration program to date, CEO Jon Bey said.
“Our projects are permitted for the 2022 season, we have agreements with First Nations in place, and we have all our vendors contracted. We are seeing a sharpening of investor sentiment and focus upon issues such as the stability of nuclear energy supply and the impact of political instability upon uranium exploration and mining operations,” Bey said in a statement.
Busy exploration season
Following completion of the Sun Dog program, drills will start turning at its flagship Davidson River project nearby, the company said. Drilling is expected to begin in May 2022.
Standard Uranium is also advancing three properties known collectively as the East Side Projects, which include the Atlantic, Canary and Ascent projects. The firm is planning to do a high-resolution ground gravity survey at Atlantic, an induced polarization/resistivity program on the Canary project, and an airborne time-domain electromagnetic survey over Ascent.
“We believe that Standard Uranium's excellent exploration prospects and operating environment leave us well-positioned to be able to create value for our shareholders,” Bey concluded.
Vancouver-based Standard Uranium focuses on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada.
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