236 0 Kommentare Standard Uranium Concludes Phase I Drilling at its Flagship Davidson River Project, Announces Gunnar Exploration Program

VANCOUVER, British Columbia, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (Frankfurt: FWB:9SU) is pleased to announce completion of the Phase I summer 2020 diamond drilling program, at its flagship 25,886 hectare Davidson River Uranium Project (the “Project”). The Project is located in the Southwest Athabasca Uranium District of the Athabasca Basin, Saskatchewan, and runs along the inferred trend of Fission Uranium’s Triple R deposit and NexGen’s Arrow deposit, in an area lying 25 to 30 km to the west of those deposits.

The Company will be sending geologists to its wholly-owned Gunnar Project near Uranium City to assess uranium targets from September 18^th to 25^th. The 15,770 hectare Gunnar Project is located at the south end of the prolific Beaverlodge Uranium District, immediately north of the Athabasca Basin, where uranium was mined between 1953 and 1982. The targets on the Gunnar Project are primarily classic high-grade Athabasca Basin unconformity-related uranium mineralization.

Davidson River Update

To date, 13 drill holes comprising 5607 metres of diamond drill core have been completed across the Warrior Trend of the Davidson River Project (Figure 1). Similar results have been obtained from the remainder of the program after the previous (August 26^th, 2020) announcement. Highlights from the first thirteen (13) drill holes on the Davidson River Property include:

Relatively shallow depth from surface to basement rocks in all completed drill holes, ranging between 50 and 110 metres. This is comparable to the depths of the basement rocks encountered at the nearby Triple R and Arrow uranium deposits. Basement rocks are locally up to 190 metres below the surface in areas with higher topographic relief at the Project.
Favorable basement rock types resembling those which host other uranium deposits in the southwestern Athabasca Basin, including variably strained graphite and sulphide-bearing garnetiferous gneisses and altered feldspar-rich rocks.
Several zones of polyphase structural disturbance, including cataclasite and breccia zones, fault zones, and brittle-reactivated high strain zones.
Concentrations of graphite and sulphide minerals within shear bands and high strain zones throughout the basement rocks.
Zones of hydrothermal alteration at depths greater than 300 metres into the basement rock, and coincident with major structures.