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Standard Uranium Intersects Elevated Radioactivity, Significant Structure and Alteration; and Completes Winter Drill Program at Sun Dog
VANCOUVER, British Columbia, April 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, April 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 the winter drill program at its 100% owned Sun Dog Project (“Sun Dog” or “the Project”) has been completed and crews demobilized prior to ice road closure April 1st. 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: Elevated radioactivity over a total of 1.5 metres up to 1,300 counts per second (cps)* intersected in drill hole SD-23-013 at the Haven discovery. Significant structure and alteration intersected in drill holes SD-23-011 and SD-23-012 at the Walli showing, including dravite-clay alteration halo associated with oxidized fault breccia and shear zones. Quartz-hematite breccias and dravite alteration intersected on Stewart Island in drill hole SD-23-010. Winter 2023 drilling intersected several characteristics of a uranium-bearing mineralized system in previously untested target areas, extending the known footprint of dravite and clay alteration associated with uranium mineralization in the Haven and Walli target areas. Sun Dog diamond drill program completed on March 31st, totalling 1,227.1 metres (m). Follow-up drill holes and new mainland target areas are planned to be tested during a possible fall 2023 program. The Sun Dog project boasts all the favorable characteristics to host a high-grade, Athabasca-style unconformity-related uranium deposits, and the results of the second drill program on the project have strengthened the validity of the exploration model. Priority follow up targets are being planned as geological data from the winter 2023 program is processed and interpreted. Continuing exploration plans for the project include a supplementary bedrock mapping and sampling program in Q3 2023, leading into a possible follow up exploration drill program in fall 2023. “I want to thank the geologists, drillers and all participants at the Sun Dog camp for their perseverance and dedication to complete this drill program under the extremely challenging winter conditions they faced this season,” said Standard Uranium’s President and CEO Jon Bey. “It is fantastic to see the...