Stallion Discoveries Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40)
is pleased to announce it has engaged Expert Geophysics Limited
(“
Expert”) to conduct an airborne MobileMT™ survey
that will cover the entirety of Stallion’s Western Athabasca Basin
JV Project. The Expert team has already mobilized to site and the
data accumulation phase of the survey is underway.
"The launch of the MobileMT survey is an
exciting and significant step in advancing Stallion’s large 2,200
km2 JV Project and, for most of the project, it will mark the first
ever effective exploration completed,” expressed Darren Slugoski,
Stallion’s VP of Exploration Canada. “This survey will be pivotal
in revealing previously unknown exploration corridors across the
project and advancing our work towards locating the next
significant uranium discovery in the basin. The conductive
corridors will guide Stallion’s selection of target areas that will
be prioritized for additional work based on each target’s potential
uranium mineralization characteristics.”
Survey Highlights
- Mobile Magnetotelluric (MobileMT)
is the most advanced generation of airborne Audio Frequency
Magnetic (“AFMAG”) technology. Utilizing naturally occurring
electromagnetic fields in the frequency range of 25 Hz – 21,000 Hz,
the MobileMT system combines the latest advances in electronics,
airborne system design, and sophisticated signal processing
techniques.
- The survey method is capable of
detecting basement electromagnetic (“EM”) conductors and anomalous
resistivity zones in the sandstone known to be associated with
uranium mineralization.
- Planned surveying totals 12,730
line-kilometres to provide regional coverage over the Western
Athabasca Basin projects that are vastly unexplored.
- Modern geophysical dataset
interpretation will facilitate identification and prioritization of
target areas that show features associated with potential uranium
mineralization.
Figure 1 – Regional Survey Area
Survey Plan
Approximately 12,700 line-kilometres of MobileMT
surveying will be flown over Stallion’s Western Athabasca Basin
projects, with 90% of the work to be completed on the Western
Athabasca Basin JV Project and the remaining 10% over Stallion’s
100% owned projects. The Western Athabasca JV Project is subject to
an earn-in option agreement with ATHA Energy Corporation. The
survey will utilize two helicopter borne MobileMT systems to
provide effective and efficient coverage given the scale of the
project area. The survey is capable of resolving resistivity
contrasts to depths exceeding 1,000 metres and in the context of
uranium exploration, it holds tremendous promise in identifying
prospective exploration trends. By leveraging this state-of-the-art
method, Stallion aims to elevate the accuracy and efficiency of its
uranium exploration efforts utilizing methods that have mapped
basement conductors and sandstone alteration zones at Cameco’s
McArthur River and Uranium Energy Company’s Shea Creek uranium
deposits.
The MobileMT System
Mobile MagnetoTellurics (MobileMT) is the latest
innovation in airborne electromagnetics and the most advanced
generation of airborne AFMAG technologies. The MobileMT technology
utilizes naturally occurring electromagnetic fields in the
frequency range of 25 – 21,000 Hz. Thunderstorms release energy,
some of which is converted into electromagnetic fields that
propagate through the ionosphere-Earth interspace. The EM fields
and currents induced by these fields in the subsurface are used in
MobileMT to identify variations in subsurface electrical
resistivity.
The MobileMT technology is the product of
extensive experience in developing equipment and signal/data
processing algorithms for natural electromagnetic fields
measurement. MobileMT combines the latest advances in electronics,
airborne system design, and sophisticated signal processing
techniques. The advanced noise processing technique of both
electronic and signal processing levels ensures high data quality
even for low natural EM fields.
The MobileMT system records two mutually
orthogonal electrical components of MT field on the stationary base
station and three mutually orthogonal dB/dt components in the towed
bird sensors. The MobileMT processing program merges the records
into one file. The signal processing is basically the same as in
the classical ground MT methods. The program applies Fast Fourier
Transformation to the records and calculates the matrices of the
relations between the magnetic and electrical field signals on the
different time bases and in different frequency bands. The module
of the determinant of each matrix is a rotation invariant parameter
which is used as a geophysical parameter for the mapping.
Physically it represents a relation between the field powers in the
points of flight and base station.
Each electrical component on the base station is
registered independently from two grounded lines -signal and
reference - which is utilized to eliminate the data bias
distortions. This feature was not available in the previous
generations of the AFMAG system.
Additionally, the Company announces that,
further to its news releases on October 11, 2023, the Company
wishes to correct the exercise price on certain finder’s warrants
issued pursuant to the closed Offering. The Company issued
851,232 finder’s warrants to arm’s-length parties of which 333,855
are exercisable at $0.24 per share and 517,377 are exercisable at
$0.30 per share. All are valid for a period of 24 months.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e12cf970-92be-4363-888a-c3de43207751.
Stallion Uranium (TSXV:STUD)
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부터 4월(4) 2024 으로 5월(5) 2024
Stallion Uranium (TSXV:STUD)
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부터 5월(5) 2023 으로 5월(5) 2024