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Standard Uranium Outlines 2022 Exploration Plans & Securing of Key Contractors
VANCOUVER, British Columbia, Dec. 07, 2021 (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, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce its exploration schedule for 2022, in addition to confirming the Company has secured key contractors to complete the planned work. The Company will be following up on prospective drilling results on its flagship 25,886-hectare Davidson River Project (“Davidson River”) and will be completing the inaugural drill program on its 100% owned Sun Dog Project (“Sun Dog”). In addition, the Company has planned targeted geophysical surveys over its three 100% owned Eastern Basin Projects to get those projects drill-ready for late 2022. The Company’s five projects are situated in the highly prolific Athabasca Basin (the “Basin”), host to the world’s highest grade uranium deposits. Jon Bey, President and CEO stated: “There is currently a staking rush and a large influx of new entrants into the Athabasca Basin as the uranium sector heats up. Not only do we have strong relationships with our First Nations partners, but we have also secured contractors to work all our exploration programs for 2022. I am proud to say our team is set for success with all projects permitted, funded, and key staff contracted.” Exploration Summary 2022 will be the most ambitious year of exploration activities for the Company to date. The Company will be executing a minimum of two drill campaigns in addition to geophysical surveys over four of its projects to prioritize targets and focus drilling. Winter drilling will focus on the Company’s 100% owned Sun Dog Project, located along the northwestern rim of the Basin (Figure 1): The inaugural Sun Dog drill campaign planned to begin in March 2022 will focus on several high-priority target areas along several kilometres of untested graphitic conductors coincident with cross-cutting faults and historical intersections of high-grade uranium mineralization. The program will follow up on uranium mineralization, major structures, and alteration zones intersected in historical drill holes, as well as high-grade mineralization discovered at surface at the Haven (0.7% U3O8), Skye (3.58% U3O8), and Java (1.7% U3O8) target areas. The perched mineralization present at surface on Sun Dog has never been properly tested at depth, and the Com...