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Standard Uranium Team Mobilizes for Spring/Summer Drill Program at Flagship Davidson River Project
VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt
About this update from Standard Uranium Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt: FWB:9SU) is pleased to announce that mobilization of the Standard Uranium exploration team and the Base Diamond Drilling Ltd. crew has commenced to the Company’s flagship 25,886 hectare Davidson River Project (“Davidson River” or the “Project”), located in the Southwest Athabasca Uranium District of Saskatchewan. The focused drill program will follow up on prospective structures and alteration intersected during previous programs and test brand new areas. Key Focus Points: Objective is to make a basement hosted high-grade uranium discovery Drilling to commence third week of May 2022 Two drill rigs, helicopter-supported Follow-up drilling on the southeast Warrior and Bronco corridors with vectoring information gained during the 2021 Phase II programs (Figure 1) Thunderbird trend basement rocks will be tested for the first time Increasing discovery potential of the Project through collection and interpretation of technical information from strategically planned drill holes Davidson River – Spring/Summer 2022 Drill Program The Company has mobilized to begin the fourth drill campaign on its flagship Davidson River Project. The 25,886-hectare Davidson River Project is situated in the Southwest Athabasca Uranium District of Saskatchewan and contains significant untested blue-sky potential for a high-grade basement-hosted uranium discovery. The upcoming program is expected to comprise approximately 5,000 metres in 13 drill holes. The spring/summer drill program will follow-up on the most prospective basement structures and alteration zones intersected to date and begin testing new target areas along the four major exploration trends on the Project. Several kilometres of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remain unexplored to date. Two years of exploration on the Project (2020-2021 drilling) has confirmed lithological and structural parallels between the uranium-fertile Patterson Lake corridor and the Davidson River conductive trends, bolstering the Company’s confidence in continued exploration on the Project. Jon Bey, CEO and Chairman, commented: “We look forward to beginning our fourth drill program at ...