Business
Stallion Discoveries Highlights Uranium Target Areas from Airborne VTEM Data & Outlines Exploration Plan in the Western Athabasca Basin
VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) i
About this update from Stallion Uranium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the \"Company\" or \"Stallion\") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce the results on key projects from the 5,200 line-kilometre VTEMTM Plus survey completed last winter. The data was provided to Condor Consulting (“Condor”) to complete advanced processing of the VTEM data in combination with compiled historical data. The results include conductor picking, target prioritization and advanced magnetic processing of the new data and integrating the historical magnetic data. The Company is also outlining their fall and winter exploration plans for its Western Athabasca Basin uranium projects. Stallion is very pleased with the VTEM results which demonstrate multiple areas that are responding similarly to the F3 Uranium’s JR zone and Uranium Energy Corporation’s Shea Creek Deposits. The regional electromagnetic (“EM”) survey successfully identified several prospective areas across Stallion’s projects with significant discovery potential. The EM anomalies identified by Condor will be followed up on with a ground EM survey this fall. Along with the EM data, the advanced processing of the magnetic data identified multiple structural complexities, as well as coincident magnetic lows, which have been known to represent uranium alteration. The Company will begin delineating these areas and advancing them for Stallion’s maiden drill program. Four target zones have been identified to be followed up with exploration this fall and winter. The projects are untested with drilling and have the potential opportunity to host undiscovered uranium corridors. These additional targeted surveys will give Stallion the best opportunity to intersect uranium mineralization with drilling in the winter. In addition, Stallion plans to complete a regional inductive passive EM survey over the Stallion / Atha JV projects looking to extend existing conductive corridors onto this new frontier of exploration in the Western Athabasca. “Identifying these several highly prospective target areas across Stallion’s large land package gives us a strong opportunity to discover the next significant uranium deposit in the basin,” stated Drew Zimmerman, Chief Executive Officer. “Historically, our land package was largely overlooked but with the new mining methods ...