Stallion Discoveries Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4)
is pleased to announce the results on key projects from the 5,200
line-kilometre VTEMTM Plus survey completed last winter. The data
was provided to Condor Consulting (“
Condor”) to
complete advanced processing of the VTEM data in combination with
compiled historical data. The results include conductor picking,
target prioritization and advanced magnetic processing of the new
data and integrating the historical magnetic data. The Company is
also outlining their fall and winter exploration plans for its
Western Athabasca Basin uranium projects.
Stallion is very pleased with the VTEM results
which demonstrate multiple areas that are responding similarly to
the F3 Uranium’s JR zone and Uranium Energy Corporation’s Shea
Creek Deposits. The regional electromagnetic
(“EM”) survey successfully identified several
prospective areas across Stallion’s projects with significant
discovery potential. The EM anomalies identified by Condor will be
followed up on with a ground EM survey this fall. Along with the EM
data, the advanced processing of the magnetic data identified
multiple structural complexities, as well as coincident magnetic
lows, which have been known to represent uranium alteration. The
Company will begin delineating these areas and advancing them for
Stallion’s maiden drill program.
Four target zones have been identified to be
followed up with exploration this fall and winter. The projects are
untested with drilling and have the potential opportunity to host
undiscovered uranium corridors. These additional targeted surveys
will give Stallion the best opportunity to intersect uranium
mineralization with drilling in the winter. In addition, Stallion
plans to complete a regional inductive passive EM survey over the
Stallion / Atha JV projects looking to extend existing conductive
corridors onto this new frontier of exploration in the Western
Athabasca.
“Identifying these several highly prospective
target areas across Stallion’s large land package gives us a strong
opportunity to discover the next significant uranium deposit in the
basin,” stated Drew Zimmerman, Chief Executive Officer.
“Historically, our land package was largely overlooked but with the
new mining methods and technologies continuing to be developed, our
projects are now becoming extremely relevant for future uranium
exploration. As the uranium market continues to strengthen, tied to
ongoing concerns over future uranium supply, we believe that this
market provides the right conditions for uranium exploration at the
scale Stallion that has planned for the coming year. As a team we
are incredibly excited about what lies ahead in the coming
months.”
Fall/Winter Exploration Plan
Highlights
Phase 1
- Ground Time Domain Electromagnetic
(“TDEM”) survey covering 142 line-kms over the
Coffer Project.
- Complete a 5,500 line-km regional
inductive passive EM survey over Atha Energy JV Projects
(Figure 4).
Phase 2
- Diamond drilling totalling 3,000
metres on the Coffer Project.
- Diamond drilling totalling 1,500 metres on the Gunter Lake
Project.
Darren Slugoski, Vice President Exploration
Canada commented “Review of the data has highlighted some highly
prospective areas to be targeted with further exploration. The
ground geophysical surveys expected to be completed this fall will
move our projects forward with drill ready targets. We are excited
to be rapidly moving towards the drilling phase of our exploration
plan this winter as we systematically test our targets.
Additionally, our regional geophysical program on the Stallion /
Atha JV projects will continue to define new exploration corridors
and push forward a new frontier of exploration in the Western
Athabasca.”
Exploration Plan
The company is planning on completing a 2-phase
exploration program over fall 2023 and winter 2024. Phase 1
exploration will consist of a 142 line-km ground TDEM survey over
the Appaloosa, Mustang, and Clydesdale target areas. The survey is
planned to be completed this fall in October and November. The
results will significantly increase the resolutions of the
conductors, thus increasing the targeting probabilities of
intersecting mineralization and alteration. In conjunction with the
ground TDEM survey, a regional airborne passive EM survey will be
completed on the Stallion / Atha JV Project. The survey will cover
over 2,200 km2 of Stallion’s new frontier in the Western Athabasca
and consists of over 5,500 line kms, giving the company pivotal
data over the underexplored project.
Following the ground EM survey, Phase 2 will
consist of a 3,000 metre winter drilling program on the Coffer
project and 1,500 metre drill program at the Gunter Lake Project.
The objective will be to test the EM anomalies on the Appaloosa,
Mustang, and Coyote targets. The drilling phase will commence once
ground TDEM results have be completed and interpreted. The Company
will be utilizing gamma probe and borehole EM testing of the drill
holes for additional information.
Target AreasAppaloosa
Target – Coffer Project
- The Appaloosa Target hosts a ~3km
long conductor (Figure 1).
- The conductor is hosted in a
gravity (Saskatchewan Assessment Report file 74K-0020) and
coincident magnetic low, which is known to correlation to uranium
alteration.
- The conductor occurs sub-parallel
to UEC’s Saskatoon Lake conductor, which hosts the Shea Creek
Project.
- Tensor Magnetotelluric Survey
completed in 2008 by Orano Canada also identified the anomaly in
2008 (Saskatchewan Assessment Report file 74K03-0017).
Clydesdale Target – Coffer
Project
- Complex structures identified in a
UTEM 3 (Saskatchewan Assessment Report file 74K03-0022) and
Combined Moving Loop Survey and Tensor Magnetotelluric Survey
(Saskatchewan Assessment Report file 74K03-0017) (Figure
1).
- Interpreted to be large conductive
package hosting multiple conductive plates.
Mustang Target – Coffer
Project
- Geologically complex, situated in a
narrow magnetic low between edge of the Beatty River fault and the
basement ridge (Figure 2).
- Situated proximal to the Clearwater
Domain which is believed to contribute to uranium mineralization in
the Western Athabasca basin.
Coyote Target – Gunter Lake
Project
- The Coyote Target occurs on the
most eastern block of the Gunter Lake project hosting one
conductor, which has ~5km metres of strike length (Figure
3).
- The conductor occurs as an
East-West trending anomaly which cuts across the eastern claim
block and continuous onto the Stallion / Atha JV project.
Qualifying Statement:
The foregoing scientific and technical
disclosures for Stallion Discoveries have been reviewed by Darren
Slugoski, P.Geo., VP Exploration, a registered member of the
Professional Engineers and Geoscientists of Saskatchewan. Mr.
Slugoski is a Qualified Person as defined by National Instrument
43-101.
About Stallion Discoveries
Stallion Discoveries is working to Fuel the
Future with Uranium through the exploration of over 3,000 sq/km in
the Athabasca Basin, home to the largest high-grade uranium
deposits in the world. The company holds the largest contiguous
project in the Western Athabasca Basin adjacent to multiple
high-grade discovery zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties.
Stallion offers optionality with two gold
projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district
advancement with limited capital expenditures.
For more information visit stalliondiscoveries.com or
contact:
Lisa StewartInvestor Relations(604)
341-8177 lstewart@stalliondiscoveries.com
Drew ZimmermanChief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond the Company’s control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for the
Company to predict all of them, or assess the impact of each such
factor or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. Any forward-looking
statements contained in this presentation are expressly qualified
in their entirety by this cautionary statement.
Figure 1: Coffer Project – Appaloosa and
Clydesdale Targets
Figure 2: Coffer Project – Mustang
Target
Figure 3: Gunter Lake Project – Coyote
Target
Figure 4: Stallion Discoveries Projects -
Location Map
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3bb2cc62-a98f-4504-9589-7a11e26c6640
https://www.globenewswire.com/NewsRoom/AttachmentNg/611db93a-2937-4724-95b0-b5d80e614f13
https://www.globenewswire.com/NewsRoom/AttachmentNg/2d1539b5-ee87-4209-aa8b-fdbc57619b58
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Stallion Uranium (TSXV:STUD)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Stallion Uranium (TSXV:STUD)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024