Phase II of Standard Uranium's (TSXV:STND) winter drilling program at its Davidson River Project is now underway.
The 25,886-hectare uranium project is located in the Southwest Athabasca Uranium District of Saskatchewan.
The winter program will consist of approximately 45-hundred metres of diamond drilling across nine holes. It includes a follow-up to drilling on the company's Warrior corridor with vectoring information gained during the phase I program.
The company's objective is to make a basement hosted high-grade uranium discovery.
Road construction to the site was finished on February 5, and drilling began on February 8.
The company is exploring two new corridors, Bronco and Saint through drill testing offsets and flexures in wide conductive corridors. The search will look for radioactivity, alteration, structure, and graphite-rich and sulphide-rich shear zones.
"It is great to see the drills turning again on our Davidson River Project and to have the Aggressive Drilling team working with us once again. Their experience with our Phase I drilling program, and in this region, will go a long way to help us in making a high-grade uranium discovery. Our technical team have prepared an exciting drill program and I look forward to getting to the project site to view core with them," said Standard Uranium President and CEO Jon Bey.
Standard Uranium is a mineral resource exploration company based in Vancouver. The company's focus lies in the identification and development of prospective exploration stage uranium projects in the Athabasca Basin. Its Davidson River Project is comprised of 21 mineral claims over 25,886 hectares.
Standard Uranium is up 2.94 per cent on the day, with shares trading at C$0.1750 at 1:05 p.m. EST.