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Be the first with the news that moves the market- Stallion Discoveries Corp. (TSXV:STUD) has located uranium target areas from airborne VTEM data in the Western Athabasca Basin
- Results from the VTEM data were compiled from historical data and the results include conductor picking, target prioritization, and advanced magnetic processing
- Four target zones have been identified to be followed up with exploration this fall and winter
- Stallion Discoveries Corp. last traded at $0.23 per share
Stallion Discoveries Corp. (TSXV:STUD) has located uranium target areas from airborne VTEM data in the Western Athabasca Basin.
The 5,200 line-km versatile time domain electromagnetic (VTEM) survey was completed last winter.
Results from the VTEM data were compiled from historical data and the results include conductor picking, target prioritization, and advanced magnetic processing. The company is also outlining the fall and winter exploration plans for its Western Athabasca Basin uranium projects.
Four target zones have been identified to be followed up with exploration this fall and winter. The projects are untested with drilling and have the potential opportunity to host undiscovered uranium corridors.
Regional electromagnetic (EM) surveys identified several prospective areas across Stallion’s projects with significant discovery potential.
The company is planning on completing a two-phase exploration program from fall 2023 through to winter 2024. Phase 1 exploration will consist of a 142 line-km ground time-domain electromagnetics (TDEM) survey over the Appaloosa, Mustang and Clydesdale target areas.
After the ground EM survey, Phase 2 will consist of a 3,000-metre winter drilling program on the Coffer project and 1,500-metre drill program at the Gunter Lake Project.
“Identifying these several highly prospective target areas across Stallion’s large land package gives us a strong opportunity to discover the next significant uranium deposit in the basin,” the company’s Chief Executive Officer Drew Zimmerman said in a statement. “Historically, our land package was largely overlooked but with the new mining methods and technologies continuing to be developed, our projects are now becoming extremely relevant for future uranium exploration. As the uranium market continues to strengthen, tied to ongoing concerns over future uranium supply, we believe that this market provides the right conditions for uranium exploration at the scale Stallion has planned for the coming year. As a team we are incredibly excited about what lies ahead in the coming months.”
Stallion Discoveries is a mineral exploration company. It focuses on the exploration for precious metals and critical minerals at its Horse Heaven Gold Property in Idaho and in the Athabasca Basin in Saskatchewan.
Stallion Discoveries Corp. last traded at $0.23 per share.
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