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Stallion Discoveries Announces 100% Ownership of Horse Heaven Gold & Antimony Project in Central Idaho
VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is
About this update from Stallion Uranium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the \"Company\" or \"Stallion\") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce that the Company has completed its earn-in on the Share Option Agreement dated March 1, 2021 (the “Agreement”) pursuant to which the Company has acquired all the shares outstanding in 1262446 B.C. Ltd. (“Horse Heaven Parent”). Horse Heaven Parent is the sole owner of Horse Heaven Holdings Inc. (“Horse Heaven Nevada”). Horse Heaven Nevada holds a 100% interest in the Horse Heaven Project (the “Project”). Horse Heaven Project The Project is comprised of 699 mining claims covering 14,374 acres in Valley County, Idaho and shares its entire eastern boundary with Perpetua Resources’ Stibnite Gold Project. Perpetua Resources’ vision is to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit gold mines in the country and restore an abandoned brownfield site. The United Stated Forest Service updated the permitting schedule for the Project with a Final Environmental Impact Statement and draft Record of Decision expected by the end of 2023 and a Final Record of Decision anticipated in early 2024. “The work we have done at Horse Heaven gives our team high confidence in the potential for a significant discovery of both Gold and Antimony. Our belief in the Horse Heaven project comes from our own geological work, but when combined with the continued advancement of the Stibnite Project by Perpetua Resources right next door, we believe this area will be one of the most exiting gold and critical mineral districts in the US,” stated Drew Zimmerman, CEO of Stallion Discoveries. The Project has two zones with historical exploration: the Golden Gate Fault Zone and the Antimony Ridge Fault Zone. The current focus of exploration on the Horse Heaven project is along the 3km Golden Gate Fault Zone(GGFZ), which hosts gold and tungsten mineralization. Stallion has advanced the GGFZ through a 789 sample geochemical survey done in 2021 showing structurally controlled anomalous gold and a CSAMT geophysical survey across the whole zone in 2022. This work along with historical drilling results showing grades of up to 1.51g/t over 36m give Stallion high confidence of strong gold mineralization along t...