Standard Uranium (STND) is gearing up for a phase two winter exploration program at its flagship Davidson River Uranium Project in Saskatchewan.
The program will consist of 13 diamond drill holes covering a total of approximately 5,850 metres, and will focus primarily on making a basement-hosted high-grade uranium resource discovery using data gathered from a Phase 1 program.
It will be split into two components. The first will include a winter road-based program designed to follow-up on previously drilled holes at the Warrior Trend, as well as the first-ever drill testing of the Saint Trend.
The second component will consist of a summer fly-in program that will test the Bronco Trend, which has also never been previously drilled.
"I am looking forward to what the Standard team can achieve next year armed with the technical information gained from our Phase 1 drilling," said Sean Hillacre, Project Geologist and Exploration Program Manager at Standard Uranium.
"We are fully permitted and funded, and now with Board approval we are ready to continue advancing exploration towards discovery," he added.
Much of the Phase 2 work will utilise a winter road, which will be built over frozen ground conditions in order to avoid unnecessary costs associated with helicopter access. This work is expected to begin in the second week of January, depending on weather conditions and local COVID-19 guidelines.
Standard Uranium said it will use the Big Bear Lodge, located on Grygar Lake, as its base camp for the duration of the program.
"The greatest value an exploration company can bring to its shareholders is making a high-grade discovery," said Jon Bey, Chairman, President and CEO of Standard Uranium.
"We believe our Davidson River Project has incredible potential and we are excited to get back to drilling our Warrior and Saint trends this winter," he continued.
Standard Uranium is currently up 5.26 per cent to C$0.20 per share at 3:20pm EST.