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ORIGINAL: Standard Uranium prepares for drilling program at Atlantic Project in northern Saskatchewan
2024-02-28 07:18 ET - News Release
(via NewsDirect)
Standard Uranium President and VP of Exploration Sean Hillacre joined Steve Darling from Proactive to share the company's plans for an aggressive exploration program set to commence in 2024.
The program is poised to kick off with the mobilization of crews for the inaugural drill campaign at the 3,061-hectare Atlantic Project located in the prolific eastern Athabasca Basin in northern Saskatchewan.
Currently, the Project is under an option agreement with ATCO Mining, which aims to earn a 75% interest in the project. Hillacre outlined that the 2024 drill program is designed to fulfill the first year of minimum exploration expenditures required by the Option agreement.
The company plans to drill 2,000 to 3,000 meters across 4 to 6 drill holes, with a focus on targeting high-grade unconformity-related uranium mineralization. One of the key areas of focus for the drill program will be target area A on the Project, where a significant density anomaly coincides with modeled electromagnetic conductors and interpreted faults.
Additionally, the program will include follow-up drilling on areas with highly anomalous uranium results and major structural intersections. Overall, Standard Uranium's aggressive exploration program underscores its commitment to advancing the Atlantic Project and unlocking its uranium potential in the highly prospective Athabasca Basin.
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