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Standard Uranium Commences Winter Drill Program at Sun Dog
VANCOUVER, British Columbia, March 03, 2023 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankf
About this update from Standard Uranium Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, March 03, 2023 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that diamond drilling has begun at its 100% owned Sun Dog Project. (“Sun Dog” or “the Project”). Sun Dog is located at the northwestern edge of the Athabasca Basin, Saskatchewan, and is south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City. Key Focus Points: Standard Uranium and Base Diamond Drilling crews began mobilizing to the Sun Dog Project on February 24th. Drill equipment has arrived on site and is mobilizing to the first drill pad. Two diamond drills are testing high-priority target areas on the Project, following up on known uranium mineralization in addition to prospective alteration and structure intersected during winter 2022 inaugural program. Sun Dog – Winter 2023 Drill Program Diamond drilling and geophysics completed by the Company in winter 2022 further refined high-priority uranium drill targets across the 15,770-hectare property (Figure 1 & 2). Several gravity-low and resistivity anomalies have been identified and coincide with breaks or flexures in electromagnetic (EM) conductors under Athabasca sandstone cover, providing compelling unconformity-related uranium targets. The perched uranium mineralization present in the Athabasca sandstone outcrop on the Project remains to be properly drill-tested at depth, and during the 2023 winter drill program, the Company aims to discover the high-grade “roots” of these mineralizing systems in the basement rocks underlying the sandstone. In addition, a portion of the planned holes will follow-up along conductor strike from historical basement-hosted uranium mineralization. The Standard Uranium team arrived at the Project on February 27th, and drilling commenced at the first Java target drill hole on March 3rd, 2023. This season’s drill targets will focus on the Java, Johnston-Bay (“J-Bay”), Haven, and Skye target areas (Figure 1 & 2) following up on known high-grade1 uranium mineralization and prospective alteration including dravite and clay alteration. The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be “high-grade”. Jon Bey, President and CEO, commented “Our team of geologists have d...