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Thursday, Jul 25, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Mining

Standard Uranium will get drills in the ground at Sun Dog this summer

Drill targets are presently being finalized from the interpretation of results from a VTEM Plus survey

Standard Uranium will get drills in the ground at Sun Dog this summer
Assays from Northern Saskatchewan. Image via Standard Uranium.

Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU) has planned a drilling program for its Sun Dog Uranium Project for the summer, which will be fully funded by its option partner, Aero Energy Ltd (TSXV: AERO).

The company said on Thursday as part of a corporate update that the program is to test several land-based targets across the project and will be operated by Standard.

Drill targets are presently being finalized.  The specifics have been drawn from the interpretation of results from a VTEM Plus survey, as well as recently modelled resistivity and gravity datasets. Drilling will start after Standard Uranium finishes its drilling work at the neighbouring Murmac Project, operated by Fortune Bay Corporation (TSXV: FOR) (FWB: 5QN).

The VTEM Plus survey from April 2024 builds on historical data.

It identifies at least 40 km of combined conductor strike length across the project. Targets focus on deformed graphitic rocks (conductors), which are favourable for hosting significant concentrations of uranium. This is similar to those hosting the Murmac discovery, which is further along strike from Sun Dog. The discovery returned 8.7 meters of anomalous radioactivity with a maximum of 33,600 counts-per-second (cps).

Additionally, Standard has secured a three-year exploration permit for the project. This covers the entire option term with Aero. It also includes an exploration agreement with the Ya’ Thi Néné Lands and Resources. All key vendors are secured for the program. These include Team Drilling LP, whose crews currently working on Murmac will transition to drilling the Sun Dog Project.

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Standard Uranium’s Sun Dog Project spans 48,443 acres across 9 claims

Numerous historical high-grade uranium showings, ranging between 0.10 per cent and 17.4 per cent U3O8, have been documented at the surface on the project.

These showings occur in both basement rocks and perched within Athabasca sandstones above the Unconformity. The targets will focus on both basement-hosted and unconformity-related uranium mineralization.

The Sun Dog Project spans 48,443 acres across nine mining claims, situated 15 km from Uranium City on the northern margin of the Athabasca Basin. The historical Gunnar Uranium Mine, discovered in 1952, is located within this area. This mine significantly boosted Canada’s uranium production, becoming the largest uranium producer globally by 1956. Between 1953 and 1981, the Gunnar Mine produced approximately 18 million pounds of U3O8.

The Gunnar Mine project is surrounded by several significant uranium exploration projects in the Athabasca Basin region. ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) operates the Ivanhoe Lake and Beaverlodge Lake Projects in the Beaverlodge District, which are historically known for high-grade uranium deposits.

Additionally, NexGen Energy Ltd (TSX: NXE) (NYSE: NXE) (ASX: NXG) Rook I Project is a prominent uranium project hosting the Arrow Deposit.  Arrow is one of the largest undeveloped uranium deposits globally. Additionally, IsoEnergy Ltd.’s (TSXV: ISO) Larocque East Project, located in the eastern part of the Athabasca Basin, includes the high-grade Hurricane Zone, another significant uranium discovery. These projects underscore the rich uranium potential of the Athabasca Basin, with various companies actively exploring and developing new resources.

 

ATHA Energy Corp. is a sponsor of Mugglehead news coverage

 

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