Reviewed by Alex SmithMay 17 2022
Standard Uranium Ltd. has announced that the Standard Uranium exploration group and the Base Diamond Drilling Ltd. crew have begun mobilization of the Company’s flagship 25,886 hectare Davidson River Project, which is situated in Saskatchewan’s Southwest Athabasca Uranium District.
Plan map highlighting summer Phase II 2021 drill holes warranting follow-up at Davidson River. Image Credit: Standard Uranium Ltd.
The targeted drilling program will investigate potential structures and modifications discovered during past operations, as well as test completely new locations.
Key Focus Points:
- Increasing discovery potential of the Project through collection and clarification of technical data from deliberately planned drill holes
- Two drill rigs, helicopter-supported
- Drilling to initiate the third week of May 2022
- The aim is to make a basement hosted high-grade uranium discovery
- Follow-up drilling on the southeast Warrior and Bronco corridors with vectoring information gained during the 2021 Phase II programs
- Thunderbird trend basement rocks will be verified for the first time
Davidson River – Spring/Summer 2022 Drill Program
On its flagship Davidson River Project, the Company has mobilized to commence the fourth drill campaign. The Davidson River Project, which covers 25,886 hectares in Saskatchewan’s Southwest Athabasca Uranium District, has substantial untested blue-sky prospective for a high-grade basement-hosted uranium discovery. The forthcoming program will consist of about 5,000 m of drilling in 13 holes.
The spring/summer drill program will expand on the most promising basement components and alteration zones discovered to date, as well as explore additional target regions and the Project’s four major exploration trends. Davidson River still has several kilometers of graphitic conductors to test, and the Thunderbird trend’s basement rocks have yet to be examined.
Two years of drilling on the Project (2020–2021) demonstrated lithological and structural similarities between both the uranium-fertile Patterson Lake corridor and the Davidson River conductive trends, boosting the Company’s faith in the Project’s future investigations.
We look forward to beginning our fourth drill program at our flagship Davidson River Project. Our team of geologists is determined to demonstrate this season of drilling will be our best to date. Drill targeting will be focused on the southeast portions of the Bronco and Warrior conductors, and we will test the Thunderbird conductor for the first time.
Jon Bey, CEO and Chairman, Standard Uranium Ltd.
“I am excited to see the drills turning again at our Davidson River Project, with the goal of proving to investors that patience will be rewarded,” Bey added.
Sean Hillacre, P. Geo., a “Qualified Person” as defined in NI 43-101, has vetted and evaluated the scientific and technical content in this news release.