Stallion Uranium Corp. (the
“
Company” or
“
Stallion”
) (
TSX-V:
STUD;
OTCQB: STLNF;
FSE:
FE0) is pleased to announce the commencement of a
high-resolution, ground based Time Domain Electromagnetic (TDEM)
Survey on its Western Athabasca Basin JV Uranium, located in the
world-renowned Athabasca Basin, Saskatchewan, Canada.
Highlights:
- The survey is designed to refine
priority exploration targets by pin-pointing the location and
orientation of conductive structures associated with uranium
mineralization.
- Survey will focus
on the Coyote and Lynx Targets, two top-tier prospects identified
through the analysis of previous geophysical surveys (Figures 1
& 2).
- These targets were
selected following a comprehensive technical review of both
historical and recently acquired data, utilizing 12 fundamental
criteria.
- The survey,
conducted by Abitibi Geophysics will employ a Stepwise Moving Loop
(SWML) TDEM Survey, which is highly effective in detecting
conductive zones within the regional basement rocks.
- The collected data
will be integrated with existing geological and geochemical
information to enhance drill targeting efforts.
Matthew Schwab, Stallion Uranium’s CEO said,
"The commencement of this ground EM survey marks an important step
in advancing our exploration goals at the Coyote and Lynx Targets.
With the Athabasca Basin hosting the highest-grade uranium deposits
in the world, we are committed to utilizing advanced geophysical
methods to refine our highest priority targets and to generate
de-risked opportunities for discovery.
“As we push forward to our next exploration
drilling campaign, our team also continues to build on the strong
foothold we have already established through the acquisition of new
claims in the SW Athabasca.”
Additionally, the Company is please to the
expansion of its Stone Island Project through a significant
increase in its land holdings via strategic low-cost staking in the
Athabasca Basin, Saskatchewan (Figure 3). The newly acquired claims
add 1,706.5 hectares to the company’s existing project footprint
located less than 1 kilometre from the edge of the Athabasca Basin.
strengthening its position in one of the most prolific uranium
jurisdictions globally. The expansion aligns with the company’s
growth strategy and enhances its exploration potential in a
region.
Figure 1:
Coyote Target Area
(Background: Magnetic Tilt Derivative over
Regional Total Magnetic Intensity)
Figure 2: Lynx
Target Area
(Background: Magnetic Tilt Derivative over
Regional Total Magnetic Intensity)
Figure 3: Newly
Staked Exploration Property (in green)
About the Stepwise Moving Loop (SWML)
TDEM Survey:
The SWML TDEM survey utilizes Abitibi’s
cutting-edge ARMIT-TDEM system, featuring a three-component,
combined B-field and ∂B/∂t sensor developed by Dr. James Macnae of
the Royal Melbourne Institute of Technology (RMIT). The ARMIT
sensor delivers an exceptional signal-to-noise ratio, comparable to
a SQUID sensor for B-field measurements and an induction coil for
B/t detection. It is designed for robust performance across extreme
temperatures (-40°C to +50°C) without the need for hazardous
cryogenic liquids.
ARMIT is the only sensor capable of
simultaneously measuring both B-field and B/t, ensuring a broad
detection range for conductive structures. The system is paired
with the state-of-the-art SMARTem24 receiver and powered by
Abitibi’s TerraScope 600V transmitter, delivering currents
exceeding 25 A into the transmitter loop, maximizing the survey’s
depth penetration and resolution.
Qualifying Statement:
The foregoing scientific and technical
disclosures for Stallion Uranium 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 Uranium Corp.:
Stallion Uranium is working to ‘Fuel the Future
with Uranium’ through the exploration of roughly 2,700 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company, with JV partner Atha Energy 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. For more information visit
stallionuranium.com.
On Behalf of the Board of Stallion Uranium
Corp.:
Matthew SchwabCEO and Director
Corporate Office:700 - 838 West Hastings
Street, Vancouver, British Columbia, V6C 0A6
T: 604-551-2360info@stallionuranium.com
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/49e6cabe-6cef-48d7-b2f9-f9752edfac1b
https://www.globenewswire.com/NewsRoom/AttachmentNg/7541e2fa-2a50-45d6-90d4-2c9777ef2fd2
https://www.globenewswire.com/NewsRoom/AttachmentNg/aa931a23-c35a-4e47-b39c-ea7f4a0da141
Stallion Uranium (TSXV:STUD)
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Stallion Uranium (TSXV:STUD)
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