The summer portion of the Phase II program on the Project successfully followed up on basement structural zones associated with hydrothermal alteration and anomalous geochemical signatures, in addition to exploring high-priority geophysical targets along the previously untested Bronco and Thunderbird trends. Jon Bey, President and CEO stated: “Despite challenging conditions, we have intersected some of the most prospective basement structure and alteration to date along the Bronco and Warrior trends, in addition to zones of elevated radioactivity associated with reactivated structures and pegmatitic basement rocks.”
Several high-priority geophysical drill targets were successfully intersected along the Saint, Warrior and Bronco trends. The Company completed thirteen (13) drill holes comprising 3,828 metres of diamond drill core across all four of the major conductive trends on the Project. The Davidson River Phase II summer drill campaign officially wrapped up on October 31, 2021. Final results from the Company’s summer drill program are expected in six to eight weeks time.ĭavidson River Summer Drilling Campaign Completed This news release includes initial geochemistry (assay) results from the Company’s summer drill program, showing elevated radioactivity discovered in the Saint, Warrior and Bronco trends. The Project is located in the Southwest Athabasca Uranium District of Saskatchewan, approximately 25 km to 30 km, respectively, to the west of Fission Uranium’s Triple R and NexGen’s Arrow deposits. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the completion of the Phase II summer 2021 diamond drilling program at the Company’s flagship 25,886 hectare Davidson River Project (the “Project” or “Davidson River”). 09, 2021 (GLOBE NEWSWIRE) - Standard Uranium Ltd. Where possible, samples are standardized at 0.VANCOUVER, British Columbia, Nov. Samples from the drill core are split in half sections on site. Table 1: R780E Zone - Composited Mineralized Intervals from Drill HolesĬomposited % U 3 O 8 mineralized intervals are summarized in Table 1.
The remodeled resource will be used for the feasibility study. Drilling in this area was assumed to have the additional benefit of intersecting multiple, stacked, subvertical mineralized lenses, which allows for multiple intersections with a single drill hole, and the drill campaign did in fact confirm this.Īll twenty holes successfully intersected their targets and data will be used to remodel this area of the R780E resource, potentially increasing the amount of Indicated classified resource. Twenty holes in 7,147.8m targeted lenses between lines 900E and 1125E, ensuring intersection spacing is less than 15m x 20m (horizontal / vertical), which is required for Indicated classification. This area was prioritized for the winter drill campaign of infill and step-out drilling. A large portion of this Inferred resource is situated east of line 900E between a vertical depth of 200m to 350m below surface in the hanging wall and footwall of the mineralized zone. R780E Winter 2021 Infill Drilling: In addition to its major, Indicated category resource, the R780E zone has, at a cut-off of 0.25% U 3 O 8 , an Inferred resource of 10.1 Million lbs U 3 O 8 in 549,000 tonnes.
70.0m of total composite uranium mineralization with key Intercepts including:.62.5m of total composite uranium mineralization with key Intercepts including:.69.5m of total composite uranium mineralization with key Intercepts including:.Program Details and Assay Highlights Include: Specifically, they have the potential to expand the size and quality of the resource from the R780E zone to be used in our upcoming feasibility study. Ross McElroy, President and CEO for Fission, commented, "These successful, robust drill results are a strong validation of our growth strategy for the deposit.
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