Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced that it has mobilized to begin the fourth drill campaign on its flagship Davidson River Project, with the aim of following up on prospective structures and alteration intersected during previous programs and test brand new areas.
The 25,886-hectare Davidson River Project is situated in the Southwest Athabasca Uranium (TSX-V:UAX) District of Saskatchewan and contains significant untested blue-sky potential for a high-grade basement-hosted uranium discovery.
The upcoming program is expected to comprise approximately 5,000 metres (m) in 13 drill holes and drilling is to due to begin in the third week of May this year, Standard Uranium said.
"We look forward to beginning our fourth drill program at our flagship Davidson River Project. Our team of geologists are determined to demonstrate this season of drilling will be our best to date,” Jon Bey, CEO and chairman of Standard Uranium said in a statement.
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The company said the objective of the drill program is to make a basement hosted high-grade uranium discovery.
Several kilometres of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remain unexplored to date.
Two years of exploration on the Project (2020-2021 drilling) has confirmed lithological and structural parallels between the uranium-fertile Patterson Lake corridor and the Davidson River conductive trends, bolstering the company's confidence in continued exploration on the Project.
“Drill targeting will be focused on the southeast portions of the Bronco and Warrior conductors, and we will test the Thunderbird conductor for the first time. I am excited to see the drills turning again at our Davidson River Project, with the goal of proving to investors that patience will be rewarded," Bey said.
Vancouver-based Standard Uranium is a mineral resource exploration company, focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada.
Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims. Davidson River is highly prospective for basement hosted uranium deposits yet remains relatively untested by drilling despite its location along trend from recent high-grade uranium discoveries.
Contact the author at jon.hopkins@proactiveinvestors.com