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Standard Uranium Completes Inaugural Drilling at Canary Project, Encounters Anomalous Radioactivity
Standard Uranium Ltd. has successfully completed the inaugural drilling activities at its Canary Project in the eastern Athabasca Basin, northern Saskatchewan, revealing localized anomalous radioactivity and promising rock types typical of basement-hosted uranium deposits. The Project, covering 7,302 hectares, is currently under a three-year earn-in option agreement with Mamba Exploration Limited.
During the drilling program, anomalous radioactivity exceeding 300 counts per second (cps) was detected in one of the four drill holes, along with zones of favorable alteration such as hydrothermal silicification, clay, chlorite, and hematite. The presence of fracture-hosted elevated radioactivity in drill hole CAN-24-004, with high Uranium:Thorium ratios, suggests the potential for hydrothermal uranium input.
The drilling, which focused on high-priority targets identified through geophysical work, exceeded expectations by intersecting the unconformity at depths of approximately 220-250 meters below the surface. Sean Hillacre, President and VP of Exploration at Standard Uranium, expressed optimism about the discoveries, highlighting the presence of ideal host rocks for uranium mineralization and a potential quartzite ridge similar to known high-grade uranium deposits in the region.
The Company plans to conduct supplementary geophysical surveys to identify additional target areas for future drilling phases. Assay results from core samples collected during the program are currently being processed at the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon.
The successful completion of the drilling program ahead of schedule and under budget has generated excitement among stakeholders, with follow-up targets already being planned based on the geological data obtained. Standard Uranium remains committed to exploring the full potential of the Canary Project and looks forward to further advancements in the coming months.
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