Standard Uranium Ltd. announced that the winter drill program at its 100% owned Sun Dog Project (“Sun Dog” or “the Project”) has been successfully completed. 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. The inaugural drill program at Sun Dog tested three of the four intended target areas in the face of safety related time constraints due to the anticipated early deterioration of the ice road conditions.

Four drill holes were completed in three target areas for a total of 1,242.3 m. In addition, the Company successfully completed high-resolution ground gravity and UAV magnetic surveys across the Skye, Haven, Johnston Bay (J-Bay), and Java target areas on the Project, further refining high-priority drill target areas across the 15,770-hectare property. These surveys add further geological context to the drill targets which are locally following up on known high-grade1 uranium mineralization. The inaugural winter drill program was designed to begin following up on known uranium mineralization on the Project, with the aim of vectoring towards high-grade “roots” within basement rocks underlying the Athabasca sandstones.

Although cut short due to weather conditions, the first pass of drilling revealed rock types, structures, and alteration that are favorable and indicative of the appropriate environment for uranium mineralization. Priority follow up targets have been planned and are slated to be drilled in 2023 during a larger-scale drill program during the relatively short winter drilling window. Continuing exploration plans for the project include a detailed bedrock mapping and sampling program in Third Quarter 2022, leading into a two-drill exploration program in winter 2023.