- Stallion Uranium (TSXV:STUD) has released the Richmond Mountain Gold Project back to EMX Royalty’s (TSXV:EMX) subsidiary Bronco Creek Exploration
- The Richmond Mountain Project is in Nevada and includes 117 mining claims spanning 950 hectares
- Stallion Uranium is now focused on its Sandy Lake uranium project
- Shares of Stallion Uranium are unchanged at C$0.095
Stallion Uranium (TSXV:STUD) has announced that it has released the Richmond Mountain Gold Project back to EMX Royalty’s (TSXV:EMX) subsidiary Bronco Creek Exploration.
The Richmond Mountain Project is in Nevada and includes 117 mining claims spanning 950 hectares sitting along the southern end of the Battle Mountain-Eureka trend.
In 2023, Stallion Uranium conducted a deep penetrating TITAN MT survey that outlined the potential for the graveyard flats to begin just past the 1,500-foot depth.
The company also completed drill hole RM-24-001 to a depth of 2,282 feet to test the new geophysical results.
Relinquishing the project back to Bronco Creek Exploration will allow Stallion Uranium to continue its focus on its 100-per-cent-owned Sandy Lake Uranium Project.
In late June at the Sandy Lake Uranium Project, Stallion Uranium revealed preliminary results from the completion of a MobileMT airborne geophysical survey.
“The completion of this survey has identified compelling target areas at Sandy Lake and takes the project another step closer to drill readiness,” Drew Zimmerman, CEO of Stallion Uranium, said in a statement. “With geological features similar to the nearby Shea Creek and Cluff Lake Mine, Sandy Lake is becoming a top tier project with major discovery potential.”
Additionally, with its JV partner Atha Energy (TSX-V: SASK), the companies collectively hold the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
With headquarters out of Vancouver, Stallion Uranium is a company exploring 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 (TSXV:STUD) are unchanged at C$0.095.
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