- Stallion Uranium (TSXV:STUD) has acquired 10 new uranium exploration dispositions, effectively expanding its land package in the southwestern region of the Athabasca Basin in Saskatchewan
- The new claims make up the company’s Stone Island Project that covers 9,993 hectares and borders the Western Athabasca Basin joint venture project between Stallion Uranium and Atha Energy
- The project also is host to the extension of Stallion’s previously identified and highly prospective Coyote Corridor
- Shares of Stallion Uranium are up 6.67 per cent to C$0.08 as of 10:10 am ET
Stallion Uranium (TSXV:STUD) has acquired 10 new uranium exploration dispositions, effectively expanding its land package in the southwestern region of the Athabasca Basin in Saskatchewan.
The company stated in a news release that the new claims make up its Stone Island Project that cover 9,993 hectares and borders the Western Athabasca Basin joint venture project between Stallion Uranium and Atha Energy.
“Highly prospective land in the Athabasca Basin very rarely becomes available,” Drew Zimmerman, CEO of Stallion Uranium, said in a statement. “We are fortunate to have been able to stake such a large land package in a very competitive area. These newly acquired claims are geologically prospective and strategically located along our existing land package allowing Stallion to more easily integrate the project into our proven exploration funnel.”
The project also is host to the extension of Stallion’s previously identified and highly prospective Coyote Corridor and other historically identified conductors. The project is along the Taltson Geological Domain that is host to NexGen Energy’s (TSX:NXE) Arrow deposit.
Stallion stated it will begin the process of having the project go through its exploration funnel.
With headquarters out of Vancouver, Stallion Uranium is focused on the exploration of more than 3,000 square kilometres in the Athabasca Basin, home to the largest high-grade uranium deposits in the world.
Shares of Stallion Uranium Corp. (TSXV:STUD) are up 6.67 per cent to C$0.08 as of 10:10 am ET.
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