The Company will be following up on prospective drilling results on its flagship 25,886-hectare
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 Company aims to discover the high-grade “roots” of these mineralizing systems in the basement rocks underlying the
Athabasca sandstones. - Prior to the winter drill program, the Company will be conducting high-resolution ground gravity and UAV magnetics surveys over high-priority target areas on Sun Dog in
February 2022 .
- The inaugural Sun Dog drill campaign planned to begin in
- Spring/Summer drilling will comprise an aggressive follow-up campaign on Davidson River, located in the southwestern corner of the Basin.
- The 2022 drill program planned to commence in
May 2022 will follow up on the most prospective basement structures and alteration zones intersected to date (Figure 2) and begin testing new target areas along all four major conductors on the Project. - Several kilometres of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remains unexplored to date.
- The 2022 drill program planned to commence in
- In addition to the 2022 drill programs, geophysical programs have been planned at Sun Dog along with the Company’s 100% owned
Atlantic , Canary, and Ascent Projects on the east side of theAthabasca Basin (Figure 3);- High-resolution ground gravity will be conducted over the western
Atlantic claim blocks inJanuary 2022 to allow for prioritization of future drill targets. - An airborne VTEM survey is planned on the
Ascent Project to further define and model the conductive exploration corridors on the property. - An induced polarization/resistivity (“IP/resistivity”) survey is planned on the
Canary Project to yield valuable structural and lithological information on the Project. The IP/resistivity method will assist the technical team in mapping out cross-cutting structures and potential alteration halos in the sandstone and basement rocks.
- High-resolution ground gravity will be conducted over the western
Contractor and Employment Engagement
The Company is also pleased to announce that it has secured key contractors to complete the exploration programs planned for 2022 despite the current extreme demand in the industry.
Figure 1. Plan map of Sun Dog highlighting historical drill holes, geophysical conductors, and high-priority target areas.
https://www.globenewswire.com/NewsRoom/AttachmentNg/4d7f1548-09bb-4942-a186-5a8267823bad
Figure 2. Plan map showing summer Phase II 2021 drill holes at Davidson River, and kilometres of untested conductor strike length.
https://www.globenewswire.com/NewsRoom/AttachmentNg/bc190164-a015-4395-afb8-1499b81c7ef5
Figure 3. Plan map highlighting Standard Uranium’s Eastern Athabasca Projects and exploration trends, with respect to current uranium showings, discoveries, and deposits.
https://www.globenewswire.com/NewsRoom/AttachmentNg/84786bfd-ffb5-4b26-bfc2-71eeb3501ccc
The scientific and technical information contained in this news release, including the sampling, analytical and test data underlying the technical information contained in this news release, has been reviewed, verified, and approved by
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E-mail: info@standarduranium.ca
Cautionary Statement Regarding Forward-Looking Statements
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “forecasts”, “budget”, “schedule”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of results from the Company’s drill programs; and estimates of market conditions.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others: general economic conditions in
Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the Company’s ability to identify, complete and successfully integrate acquisitions; the Company’s ability to operate in a safe, efficient and effective manner; health, safety and environmental risks; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Figure 1
Plan map of Sun Dog highlighting historical drill holes, geophysical conductors, and high-priority target areas.
Figure 2
Plan map showing summer Phase II 2021 drill holes at Davidson River, and kilometres of untested conductor strike length.
Figure 3
Plan map highlighting Standard Uranium’s Eastern Athabasca Projects and exploration trends, with respect to current uranium showings, discoveries, and deposits.
2021 GlobeNewswire, Inc., source