Highlights
- Three diamond drill holes totaling 2,798.2m were completed at the Appaloosa target area (Figure 4).
- Hole CF24-003 intersected the unconformity at 720 m and was completed at a depth of 1055 m.
- CF24-003 is located 700 m west along strike from CF24-002, and 1.4km west of CF24-001.
- Anomalous radioactivity was encountered at the unconformity in all three holes.
- A total of 282 whole rock samples were obtained for assay, including interval and selective samples.
- A deep-rooted conductive structure, spanning 94.7 meters in down-hole thickness, was encountered in hole CF24-003 highlighting the significant size of the structure.
- Strong clay and chlorite alteration which is known be is associated with uranium mineralization was encountered.
- Stallion holds a 100% ownership of the project.
“Stallion’s winter 2024 drilling program at the Coffer project has yielded remarkable results, identifying a large conductive structure and 1.4 km of anomalous radioactivity at the unconformity across all three drill holes. The third hole intersected significant alteration and structure, and given the size of those intersections, indicate that the Appaloosa target possesses the characteristics capable of hosting a substantial uranium deposit. Further processing and modeling of the data collected will provide enhanced targeting capabilities, greatly increasing the probability for discovery on a future program,” commented
Winter Drill Program Summary
Stallion’s maiden drill program commenced on
The drill program successfully identified the key characteristics of a uranium bearing system and the promising findings validate Stallion’s geological model, allowing for building confidence in the target area. The structural elements and scale encountered, along with anomalous radioactivity throughout, are strong indicators the Appaloosa target has the potential to host a significant uranium discovery. The winter drill program only tested 1.4km of the extensive 3.5-kilometre-long conductive zone, giving the target area further size and exploration potential.
The company is currently in the process of compiling and analyzing all data acquired during the drilling program. Stallion will leverage this comprehensive analysis to inform future exploration efforts and guide the development of an optimized exploration strategy for the target area moving forward.
“Our maiden drill program was a game-changing moment for Stallion, as we not only uncovered radioactivity in every hole, but also struck a massive conductor that unveiled the size of the structure at Appaloosa. Our confidence in the Appaloosa target's potential continues to grow given the results of the drill program, providing us with the information needed to vector towards a discovery," declared
Technical Summary for CF24-003
(Zone 12 V 598215 Easting, 6456999 Northing, 0000 Azimuth / Dip -800)
CF24-003 is located 700 metres west of CF24-002 (Figure 4) and targeted an EM conductor that was located within a coincident gravity low. CF24-003 was successful in explaining the conductive anomaly as well as intersecting a substantial deep-rooted structure. Two anomalous radioactive intervals were encountered in the Athabasca Sandstone above the unconformity with radioactivity of 356 cps over 0.5 m with a radioactive peak of 590 cps and 336 cps over 1.3 m with a radioactive peak of 616 cps (Table 1). A RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer measured a radioactive peak of 110 counts per second ("cps") and a
Table 1: Downhole Total Gamma Results from CF24-003
Hole Number | From (m) | To (m) | Width (m) | Avg. cps | Peak cps | Rock Type |
CF24-003 | 715.3 | 715.8 | 0.5 | 356 | 590 | Sandstone |
And | 717.3 | 717.6 | 1.3 | 336 | 616 | Sandstone |
CF24-003 (Figures 1 to 3) |
Figure 1 –Example of graphitic structure with associated clay alteration from 973.7 to 990.8m. |
Figure 2 – Close up graphitic structure at 969.9m. |
Figure 3 – Example of strong clay chlorite alteration from 933.8 to 940.7m. |
Three holes were completed at the Appaloosa target for a total of 2798.2 m (Figure 1), less meterage than planned given the unconformity was shallower than anticipated. Drilling was successful in intersecting a significant conductive structure, along with significant clay alteration and anomalous radioactivity. The company has sent a total of 282 samples from the 3 holes to be assayed at the
Appaloosa Target
The Appaloosa target is located at the north end of the 100% owned Coffer project and was first identified from the regional VTEM survey conducted in early 2023. The survey data when compiled and modeled with all available historical data showed the key characteristics for potential uranium mineralization. To best refine drill targets Stallion utilized the latest technology to complete an advanced ground TDEM survey over the target area. Further bolstering confidence in the target, the
Gamma Logging and Geochemical Assaying
All core radioactivity was measured using a RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer. Down hole probing radiometric surveying was conducted with a
All drill core samples from the 2024 program will be shipped to the
All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined. The reader is cautioned that gamma probe readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials.
Figure 4. Drill Hole Location Map
Qualifying Statement
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by
About Stallion Uranium
Stallion Uranium is working to Fuel the Future with Uranium through the exploration of over 3,000 sq/km in the
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with two gold projects in
For more information visit stallionuranium.com or contact:
Chief Executive Officer
778-686-0973
info@stallionuranium.com
Neither the
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.
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Figure 1
Example of graphitic structure with associated clay alteration from 973.7 to 990.8m. Blue Square : Brittle and ductile graphitic shear zone. Green Square : Strong chlorite alteration.
Figure 2
Figure 2 – Close up graphitic structure at 969.9m.
Figure 3
Example of strong clay chlorite alteration from 933.8 to 940.7m.
Figure 4.
Drill Hole Location Map
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