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Standard Uranium Prepares for Summer Drill Program at the Sun Dog Project near Uranium City with Option Partner Aero Energy
Sun Dog is host to globally significant former uranium producer Vancouver, British Columbia--(Ne...
About this update from Aero Energy Limited
[{"type":"text","content":"Standard Uranium Prepares for Summer Drill Program at the Sun Dog Project near Uranium City with Option Partner Aero EnergySun Dog is host to globally significant former uranium producerVancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU) (\"Standard Uranium\" or the \"Company\") is pleased to provide an update on 2024 exploration developments and plans at its Sun Dog Uranium Project (\"Sun Dog\", or the \"Project\"), currently under a three-year earn-in option agreement (the \"Option\") with Aero Energy Ltd. (\"Aero\") (TSXV: AERO) that was executed on October 20, 2023. A diamond drilling program funded by Aero targeting high-grade uranium is planned for summer 2024 to test several land-based targets across the Project, which will be operated by the Company.Highlights:Drill targets are being finalized following interpretation of the results from a VTEMTM Plus survey, which have been integrated with recently modeled resistivity and gravity datasets. Targets are being prioritized for the upcoming summer drill program following completion of drilling at the neighboring Murmac Project (Figure 1), operated by Fortune Bay Corporation (\"Fortune Bay\").The recent VTEMTM Plus survey (April 2024) improves upon historical surveys which have identified at least 40 km of combined conductor strike length across the Project. Targets are focused on deformed graphitic rocks (conductors) favourable for hosting significant concentrations of uranium, akin to those hosting the recent discovery at Murmac along strike from Sun Dog, returning 8.7 metres of anomalous radioactivity with a maximum of 33,600 counts-per-second (\"cps\") announced June 25, 2024.The Company has recently received a three-year exploration permit for the Project covering the entire Option term with Aero, in addition to holding an Exploration Agreement with the Ya' Thi Néné Lands and Resources on the Project. All key vendors have been secured for the program, including Team Drilling LP, whose crews currently working on Murmac will transition to drilling the Sun Dog Project.Numerous historical high-grade* uranium showings ranging between 0.10% and 17.4% U3O8 have been documented at surface3,4 on the Project. These showings occur in both basement rocks and perched within Athabasca sandstones ab...