- Standard Uranium (STND) announced the company has started a diamond drilling program on its Sun Dog Project
- The company recently received the results of a high-resolution ground gravity survey completed over the Skye, Haven, and Java target areas
- The data is helping to further refine high-priority uranium targets
- Crews arrived on March 1 and drilling began Friday
- Standard Uranium is down 6.38 percent, trading at $0.22 at 10:46 a.m.
Standard Uranium (STND) announced the company has started a diamond drilling program on its Sun Dog Project.
The project is located in the northwest corner of Saskatchewan’s Athabasca Basin, south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City.
The Vancouver-based resource exploration company owns a 100-percent stake in the property.
The company recently received the results of a high-resolution ground gravity survey completed over the Skye, Haven, and Java target areas. The data is helping to further refine high-priority uranium targets.
Crews arrived on March 1 and drilling began Friday
Several gravity-low anomalies have been identified and coincide with breaks or flexures in electromagnetic (EM) conductors under Athabasca sandstone cover, providing ready-to-drill unconformity-related uranium targets.
“This is the start of Standard Uranium’s largest exploration program to date, and we are thrilled to be drilling our Sun Dog project to kick off our 2022 season. Our projects are permitted for the 2022 season, we have agreements with First Nations in place, and we have all our vendors contracted. We are seeing a sharpening of investor sentiment and focus upon issues such as the stability of nuclear energy supply and the impact of political instability upon uranium exploration and mining operations. We believe that Standard Uranium’s excellent exploration prospects and operating environment leave us well positioned to be able to create value for our shareholders,” said Chairman and CEO Jon Bey.
Standard Uranium is down 6.38 percent, trading at $0.22 at 10:46 a.m.
