Standard Uranium prepares for debut drill program at Atlantic project
Last updated: 08:59 22 Feb 2024 EST, First published: 03:59 22 Feb 2024 EST
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) is gearing up for its inaugural drill program at the Atlantic Project in Saskatchewan's Athabasca Basin, targeting high-grade uranium mineralization following successful target identification and mobilization.
The drill program, spanning approximately 2,000-3,000 meters across four to six drill holes, will target high-grade unconformity-related uranium mineralization.
One diamond drill will focus on high-priority target area A, investigating a significant density anomaly coinciding with modeled electromagnetic conductors and interpreted faults.
Additional holes will follow up on anomalous uranium results and major structures identified in previous drilling.
The Atlantic project, currently under option to ATCO (TSX:ACO.X) Mining, aims to satisfy the first year of minimum exploration expenditures required by the option, with a drill program funded by the optionee planned for winter 2024.
The drill program aims to build on previous uranium results and investigate newly outlined gravity anomalies.
The winter program marks Standard Uranium's first drill campaign on the Atlantic project following successful target identification in previous years. The project covers a significant exploration trend hosting numerous uranium occurrences, with recent ground gravity surveys revealing potential hydrothermal alteration zones.
“We are very eager to begin testing our western block target areas at Atlantic which we have identified through measured analyses of our geophysical data and key geological characteristics of the area specifically relating to uranium mineralizing systems,” Sean Hillacre, president and vice president exploration for Standard Uranium said in a statement.
Standard Uranium, a uranium exploration company focused on the Athabasca Basin in Saskatchewan, holds interest in multiple projects with substantial work commitments planned over the next three years.
