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Standard Uranium Announces Final Analytical Results from Summer Drill Program at Flagship Davidson River Project
VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfu
About this update from Standard Uranium Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the final analytical results of the Phase III summer 2022 diamond drilling program at the Company’s flagship 20,006-hectare Davidson River Project (“Davidson River”). Davidson River is situated in the Southwest Athabasca Uranium District of Saskatchewan, approximately 25 km to 30 km, respectively, to the west of Fission Uranium Corp.’s Triple R deposit and NexGen Energy Ltd.’s Arrow deposit. Key Focus Points: All 2022 drill holes intersected prospective graphitic structures in basement rocks in addition to favorable alteration zones. Analytical results returned elevated pathfinder elements in addition to locally elevated uranium and boron content in several drill holes. Aggressive step-outs have confirmed the continuity of wide structural zones along the Bronco and Thunderbird conductors. The southeast Bronco conductor hosts some of the most prospective basement structures intersected to date. Several kilometres of strike length remain untested on all four conductors, with high-priority drill targets identified. GoldSpot Discoveries Corp. (“GoldSpot”) will be providing supplementary targeting vectors for the planned 2023 drill program through data-driven AI technology. Davidson River – Summer 2022 Drill Program Summary The Davidson River Phase III program comprised ten (10) drill holes totalling 4,107.7 metres of diamond drilling along the Thunderbird and Bronco conductive trends (Figure 1). Significant structure and favorable alteration zones were intersected, defining high priority follow up target areas for the planned 2023 summer/fall drill program. Deep seated and strongly graphitic basement structures along the Bronco and previously untested Thunderbird trend were successfully intersected in all drill holes completed during the 2022 exploration program. DR-22-033A and DR-22-037 host anomalous uranium as well as significant sulphide mineralization and elevated pathfinder elements. Additionally, and in conjunction with hydrothermal quartz, metasomatism, and remobilized graphite, a highly prospective limonite-hematite redox alteration zone was intersected 37 metres below the unconformity in Thunderbird drill hole DR-22-033A (Fi...