Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has outlined its exploration schedule for 2023, which is set to include first drilling at two of its three projects, which lie on the eastern side of the Athabasca Basin in Saskatchewan.
First off, however, is winter drilling planned in February and March at the firm's 17,309-hectare (Ha) Sun Dog property, which sits on the northwestern edge of the Basin. The work will take advantage of the ice road and will focus on finding the system "roots" of high-grade uranium mineralization at surface, which has never been properly tested at depth.
Meanwhile, drilling in the summer and fall of 2023 will comprise a follow-up campaign on the firm's flagship 20,000 Ha Davidson River project in the southwestern corner of the Basin.
Standard Uranium boasts five projects across the highly prolific Basin, which hosts the world's highest-grade uranium deposits.
"2023 will be the company's most comprehensive and exciting exploration season to date," said Jon Bey, the company's CEO, in a statement.
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"We strongly believe the uranium market will be one of the few bright spots in the investment landscape and we are planning to apply a modern approach to historical data and deploy more advanced analysis techniques in the upcoming drill campaigns.
"We have our projects ready for drilling with our First Nations agreements in place, drill permits in hand, and our vendors contracted. We recently completed a capital raise of $4.2 million and we will prioritize our exploration work starting with our Sun Dog drill program this winter," he added.
At the company's wholly-owned Atlantic, Canary and Ascent projects in the east, Standard Uranium said an inaugural spring 2023 drill program of around three to four drill holes is proposed at Atlantic on the central claims to ground truth historic uranium intersections and follow-up along strike.
Similarly, an inaugural spring 2023 drill program is planned on its Canary asset in tandem with Atlantic.
Standard Uranium is the first and currently the only uranium company using GoldSpot's cutting-edge machine learning technology and the latter will be incorporating historical data with newly acquired geophysical data on all three eastern projects to further refine initial drill targets, the company noted.
GoldSpot will also be contributing to drill targeting at the Sun Dog and Davidson River projects.
Sean Hillacre, vice-president (VP) of exploration at Standard, told investors: "The technical team and I are very enthusiastic for the upcoming year of exploration in 2023, which is poised to be our most exciting to date.
"On all our projects, integration of prospective exploration results from our current work in concert with GoldSpot's fresh interpretations provides us with exceptional targets to explore for high-grade uranium deposits during our 2023 drill programs."
Explorer Standard Uranium says it aims to "find the fuel to power a clean energy future". It is focused on the world-class Athabasca Basin in Saskatchewan, Canada.
Contact the writer at giles@proactiveinvestors.com