Standard Uranium announces wraps up inaugural drill program at Atlantic Project
April 12, 2024 at 10:57 am
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Standard Uranium Vice President of Exploration Sean Hillacre joined Steve Darling from Proactive to unveil the completion of the company's inaugural drilling activities at the Atlantic Project. Situated within the esteemed eastern Athabasca Basin in northern Saskatchewan, the Atlantic Project has showcased promising signs of anomalous radioactivity across all completed drill holes.
In a resounding testament to the success of the program, Hillacre conveyed that anomalous radioactivity was encountered in each of the five inaugural drill holes conducted by the company. These findings have unveiled multiple zones of elevated radioactivity, closely associated with both the sub-Athabasca unconformity and basement structural zones, thereby indicating the presence of a uranium-fertile system within the project area.
The results from the inaugural drilling program have not only validated the company's exploration thesis but have also underscored the immense potential of the Atlantic Project. With several kilometers of untested strike length remaining across the project area, Standard Uranium is poised to capitalize on the untapped opportunities for discovery along the E-W conductor system.
Furthermore, the company is optimistic about the significant upside potential at Atlantic, particularly along the unexplored segments of the E-W conductor system. To bolster its exploration efforts, supplementary geophysical surveys are slated to be conducted over the central claim blocks. These surveys aim to delineate additional target areas for subsequent phases of drilling, while also targeting the untested gravity low anomalies identified on the western block in 2022.
As Standard Uranium continues to advance its exploration endeavors at the Atlantic Project, the company remains steadfast in its commitment to unlocking the region's uranium potential. Stay tuned for further updates as Standard Uranium progresses towards its goal of resource delineation and discovery within this highly prospective region of the Athabasca Basin.
Contact Details
Proactive Canada
+1 604-688-8158
action@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Standard Uranium Ltd. is a uranium exploration company. The Company has interests in 11 exploration properties, totaling over 209,867 acres across the Athabasca Basin. Its projects include the Davidson River Project, Sun Dog Project, Ascent Project, Atlantic Project, Canary Project, Rocas Project, Corvo Project, Cable Bay Southwest, Ox Lake, Brown Lake Project and Harrison project. The Davidson River property is in the southwest Athabasca uranium district of the Athabasca Basin, Saskatchewan and consists of 10 contiguous mineral dispositions totaling 30,737 hectares (ha). The Atlantic project consists of seven mineral dispositions totaling 3,061 ha. The Canary project comprises two mineral dispositions totaling 7,303 ha. The Rocas project comprises three mineral dispositions totaling 3,152 ha. The Corvo project consists of 10 mineral dispositions totaling 7,989 ha. The Ox Lake Project consists of one mineral claim totaling 397.5 ha. The Harrison project comprised two mineral claims.