Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has announced that the winter drill program at its Sun Dog project in Saskatchewan revealed elevated uranium and resulted in the identification of several high-priority drill targets.
Specifically, analytical data showed elevated pathfinder elements and spectroscopy confirmed the presence of significant dravite alteration, which indicates proximity to uranium mineralization.
Elevated uranium is present in drill holes SD-22-001, -002, and -003, related to graphitic structures and hydrothermal breccias with pervasive hematite alteration, the company said.
READ: Standard Uranium outlines 2023 exploration plans in the Athabasca Basin, which includes first drilling at two eastern projects
Additionally, elevated uranium in the basement exceeds thorium values by a factor of 2 or more in multiple intervals, which the company noted supports a hydrothermal input for uranium emplacement.
The winter drill program consisted of four diamond drill holes comprising 1,242.3 meters, and both systematic and feature-based whole rock geochemistry samples were taken. Analysis of the results is highly encouraging as the company plans its 2023 drill program, the company said.
“Analysis of the geochemistry and spectroscopy data from the inaugural drill program at Sun Dog has confirmed that we are very close to getting into more exciting results on the project,” said Sean Hillacre vice president of exploration.
“The presence of elevated pathfinder elements and significant dravite alteration has us eager to get drilling this coming winter, to truly start testing the untapped potential Sun Dog holds. Additionally, the fall mapping program was very successful in bolstering our understanding of what structures are controlling the high-grade mineralization at surface, further adding to our targeting toolkit. We will be chasing these structures deeper in 2023 to uncover the roots of this high-grade system.”
A full breakdown of the analysis can be found here.
Looking ahead, priority follow-up targets are slated to be drilled during a larger-scale drill program in February-March 2023, the company said.
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