Standard Uranium is a junior uranium explorer operating in the Athabasca basin in Saskatchewan, Canada. The Company holds interest in over 209,867 acres in the world’s richest uranium district.
Today, the Company announced an update on 2024 exploration developments and plans at its Sun Dog Uranium Project currently under a three-year earn-in option agreement with Aero Energy Ltd. A diamond drilling program funded by Aero targeting high-grade uranium is planned for summer 2024 to test several land-based targets across the Project, which will be operated by the Company.
Jon Bey, CEO of Standard Uranium, commented: “We are excited to get back to Uranium City and begin our follow up exploration and drilling at our Sun Dog project. We have been advancing this Project for two years and recently added additional geophysical data to assist with our drill targeting. I would also like to congratulate our partners at Aero Energy and Fortune Bay for their discovery this week on their second hole of their Murmac drill program.”
Drill targets are being finalized following interpretation of the results from a VTEMTM Plus survey, which have been integrated with recently modeled resistivity and gravity datasets. Targets are being prioritized for the upcoming summer drill program following completion of drilling at the neighboring Murmac Project operated by Fortune Bay Corporation.
The recent VTEMTM Plus survey (April 2024) improves upon historical surveys which have identified at least 40 km of combined conductor strike length across the Project. Targets are focused on deformed graphitic rocks (conductors) favourable for hosting significant concentrations of uranium, akin to those hosting the recent discovery at Murmac along strike from Sun Dog, returning 8.7 metres of anomalous radioactivity with a maximum of 33,600 counts-per-second (“cps”) announced June 25, 2024.
The Company has recently received a three-year exploration permit for the Project covering the entire Option term with Aero, in addition to holding an Exploration Agreement with the Ya’ Thi Néné Lands and Resources on the Project. All key vendors have been secured for the program, including Team Drilling LP, whose crews currently working on Murmac will transition to drilling the Sun Dog Project.
Numerous historical high-grade uranium showings ranging between 0.10% and 17.4% U3O8 have been documented at surface3,4 on the Project. These showings occur in both basement rocks and perched within Athabasca sandstones above the Unconformity. Targets will focus on both basement-hosted and unconformity-related uranium mineralization.
The project hosts the historical Gunnar Mine which produced 18M pounds of U3O8 between 1953 and 1981 and was formerly the world’s largest uranium producer.
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