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Standard Uranium Ltd. (“Standard Uranium” or the “Company”) is pleased to announce that mobilization of the Standard Uranium exploration team and the Base Diamond Drilling Ltd. crew has commenced to the Company’s flagship 25,886 hectare Davidson River Project (“Davidson River” or the “Project”), located in the Southwest Athabasca Uranium District of Saskatchewan. The focused drill program will follow up on prospective structures and alterations intersected during previous programs and test brand new areas.
The Company has mobilized to begin the fourth drill campaign on its flagship Davidson River Project. The 25,886-hectare Davidson River Project is situated in the Southwest Athabasca Uranium District of Saskatchewan and contains the significant untested blue-sky potential for a high-grade basement-hosted uranium discovery. The upcoming program is expected to comprise approximately 5,000 meters in 13 drill holes.
The spring/summer drill program will follow up on the most prospective basement structures and alteration zones intersected to date and begin testing new target areas along with the four major exploration trends on the Project. Several kilometers of graphitic conductors remain to be tested at Davidson River, and the basement rocks of the Thunderbird trend remain unexplored to date. Two years of exploration of the Project (2020-2021 drilling) have confirmed lithological and structural parallels between the uranium-fertile Patterson Lake corridor and the Davidson River conductive trends, bolstering the Company’s confidence in the continued exploration of the Project.
Jon Bey, CEO, and Chairman commented:
“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. 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.”
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Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada.
Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims over 25,886 hectares. Davidson River is highly prospective for basement-hosted uranium deposits yet remains relatively untested by drilling despite its location along with trends from recent high-grade uranium discoveries. A copy of the NI 43-101 technical report titled “Updated Technical Report on the Davidson River Property, Northwest Saskatchewan, Canada” with an effective date of March 16, 2020, that summarizes the exploration of Davidson River is available for review under Standard Uranium’s SEDAR profile (www.sedar.com).
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