Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has announced the final analytical results of the Phase III summer 2022 diamond drilling program at its flagship 20,006-hectare Davidson River project in Saskatchewan, which included the intersection of “significant structure and favorable alteration zones” that have defined high-priority follow-up target areas for the planned 2023 summer/fall drill program.
The uranium exploration company said the Davidson River Phase III program comprised 10 drill holes totalling 4,107.7 metres of diamond drilling along the Thunderbird and Bronco conductive trends.
“The Davidson River Project continues to deliver exciting and encouraging results with each drill program as we search for high-grade basement hosted uranium mineralization,” Standard Uranium vice president of exploration Sean Hillacre said in a statement.
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“The alteration zones and structure intersected during the 2022 drill program are just the ingredients we want to see, and we will be utilizing these promising results in concert with GoldSpot’s cutting-edge technology to continue exploring in 2023,” Hillacre added.
Standard Uranium noted that deep seated and strongly graphitic basement structures along the Bronco and previously untested Thunderbird trend were successfully intersected in all drill holes completed during the 2022 exploration program.
It added that drill hole intersections of prospective structure, alteration, and anomalous geochemical results have continued to improve with each drill program at Davidson River, setting the stage for the planned 2023 drill program to be “the most exciting to date”.
The company also said several high-priority drill targets have been outlined through integration of targeting vectors, which will be further supplemented by work completed by GoldSpot before the drill program is slated to begin in June 2023.
As well, Standard Uranium reported the resignation of Sean McGrath as the company’s president in order to pursue other ventures.
Standard CEO and chairman Jon Bey will assume the role of the president.
Standard Uranium is a uranium exploration company with a focus on the world-class Athabasca Basin in Saskatchewan. Since its establishment, the company has focused on the identification and exploration of Athabasca-style uranium targets with a view to discovery and future development.
The company's Davidson River project sits in the southwest of the Athabasca Basin, Saskatchewan and comprises 21 claims over 25,886 hectares.
Contact Sean at sean@proactiveinvestors.com