Standard Uranium identifies new drill targets at Eastern Athabasca projects
Last updated: 12:20 13 Mar 2025 EDT, First published: 08:51 13 Mar 2025 EDT
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) said it has found four new drill targets thanks to recent geophysical surveys conducted across its Eastern Athabasca Basin uranium projects.
The company said it has completed high-resolution ground gravity surveys on the Atlantic and Rocas projects, as well as an airborne time domain electromagnetic (TDEM) survey on the Corvo project.
The ground gravity surveys at the Rocas and Atlantic projects identified the new drill target zones at Rocas, marked by low gravity anomalies, historical surface mineralization, and geochemical anomalies.
At the Corvo project, the TDEM survey outlined several kilometers of conductive anomalies and magnetic features, improving the understanding of fault systems and structural trends.
Discovery potential
"The discovery potential on our Eastern Athabasca projects continues to expand through meaningful exploration, and the results of the recent geophysical programs have bolstered our targeting strategy in this exciting district," Standard Uranium vice president exploration Sean Hillacre said.
"With these newly acquired layers of geoscience in our targeting toolbox, our technical team and I are eager to get these projects optioned and begin testing multiple exciting new target areas."
The firm expanded its landholdings by nearly 45,000 acres in 2024, increasing its presence in the eastern Athabasca uranium district.
The company is actively seeking joint venture partners for its projects, which range from early-stage to drill-ready opportunities.
Shares of Standard Uranium gained 28.6% in Canada on Thursday morning to reach C$0.09.
