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Stallion Uranium Confirms Uranium Presence in Graphitic Structure from Final Assay Results
VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is ple
About this update from Stallion Uranium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the \"Company\" or \"Stallion\") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that the assay results have been received from the winter 2024 drilling program. The assay results confirm the presence of uranium in the intersected graphitic structure on the Coffer uranium project in the Western Athabasca Basin, Saskatchewan, Canada. The maiden drill program was focused on the Appaloosa Target Zone with the preliminary results from each hole reported in news releases on April 2, 2024, April 17, 2024 and May 7, 2024. Highlights: Drillhole CF24-003 intersected anomalous uranium within the graphitic structure, averaging 5 ppm U (uranium) and reaching a maximum of 14 ppm U over a span of 94.7 meters. Elevated lead (Pb), nickel (Ni), arsenic (As) and uranium (U) anomalies are located within the graphitic structure, which correlate well to the known high grade, uranium mineralization located at the Shea Creek deposits. The assay results are confirmation of the initial anomalous radioactivity readings, confirming the presence of uranium-bearing fluids within the identified alteration system. Outlined priority follow-up target area are shown in Figures 1. “The assay results have confirmed initial results as to the presence of uranium in the large conductive structure intersected in the third drillhole at the Coffer Project,” said VP, Exploration, Darren Slugoski. “The structure, and zones of alteration, are substantial in size and have the potential to host a large uranium deposit. Our model from all the data collected during the drill program has identified multiple key targets that give Stallion great potential to make a discovery. The intersection of the graphitic conductor with the unconformity will be a top priority target for our future drilling program.” Figure 1 – Cross section of CF24-003. The figure is an interpretation of the geological structure with target area Assay Results: A total of 267 assay samples and 15 samples QAQC samples were collected throughout the 2,798.2 meters completed in 3 drill holes and sent to the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon for analysis. The third and final hole of the inaugural drilling program intersected a large structural system in the previously unteste...