- Stallion Uranium (TSXV:STUD) reveals airborne gravity survey results from its Southwestern Athabasca Basin joint venture with Atha Energy (TSXV:SASK)
- Results indicated promising gravity anomalies that are associated with possible uranium alteration and prospective rock types highlighting more prospective target areas
- The survey is a crucial step for the company in prioritizing prospective target areas across the land package
- Shares of Stallion Uranium are up 15.38 per cent to C$0.075 as of 11:31 am ET
Stallion Uranium (TSXV:STUD) reveals airborne gravity survey results from its Southwestern Athabasca Basin joint venture with Atha Energy (TSXV:SASK).
In a news release, Stallion Uranium stated the results indicated promising gravity anomalies that are associated with possible uranium alteration and prospective rock types highlighting more prospective target areas.
The survey is notably a crucial step for the company in prioritizing prospective target areas across the land package.
The gravity survey also occurred over a 637-square-kilometre area and was intended to identify subsurface density variations typically associated with uranium-bearing deposits.
“We are highly encouraged by the gravity survey results from our Southwestern Athabasca Basin Joint Venture Project,” Darren Slugoski, vice president of exploration at Stallion Uranium, said in a statement. “The central gravity anomaly has a strong correlation with the uranium-bearing Patterson Lake Trend which adds to the prospectivity of targets of the stronger Northern and Southern gravity anomalies.”
Some of the gravity survey’s key findings include:
- Significant correlation: meaning the survey detected the central gravity low, which correlates to the mineralized Patterson Lake trend that hosts the Triple R and Arrow Deposits.
- Significant anomalies: the four anomalies were identified and correspond to subsurface zones previously identified as high-priority areas.
- Future exploration plans: Because of these results, the company is able to further prioritize these targets in conjunction with other available datasets for further exploration.
Stallion Uranium is based out of Vancouver and is exploring more than 3,000 square kilometres in the Athabasca Basin. With its joint venture partner Atha Energy, the two entities hold the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Shares of Stallion Uranium (TSXV:STUD) are up 15.38 per cent to C$0.075 as of 11:31 am ET.
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