The Davidson River Project is located in the heart of the Patterson Lake Uranium District (Southwest Athabasca region). Surrounded by major players in uranium exploration and development including Cameco, Orano, NexGen, Fission Uranium, Fission 3.0, Denison, Purepoint, UEX, ALX and Skyharbour. Both Fission and NexGen have plans to build uranium mines in the Patterson Lake Uranium District in the next 5-6 years.
Indicated
87.76 Mlbs 1.82% U3O8
Inferred
52.85 Mlbs 1.80% U3O8
Indicated
179.5 Mlbs 6.88% U3O8
Inferred
122.1 Mlbs 1.30% U3O8
DH: SMT08-05 – 0.2 m of 0.19% U
Results from adjacent properties do not indicate that the same or similar results will occur for the Davidson River Property
1 – Feb 20, 2018 Fission Uranium Corp. News Release
2 – Nov 5, 2018 Nexgen Energy Ltd. News Release
3 – March 31, 2015 Purepoint Uranium Group Inc. News Release
* – Sept 4, 2019 Purepoint Uranium Group Inc. News Release
The project has not yet been tested for uranium by drilling, despite being located along the Shearwater “Exploration Corridor”, which has been interpreted as the continuation of the Patterson Lake Corridor. The nearby Patterson Lake Corridor contains several high-grade uranium deposits along an approximate 15-km length. Over 1000 drill- holes since 2012:
Fission Uranium:
NexGen Energy:
Purepoint/Orano/Cameco:
Davidson River Property:
will focus on geochemical surveys over the VTEM conductors in the lower elevations of the project.
ALEX W, KNOX, M.SC., P.GEOL., is the Qualified Person (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who prepared the “Updated Technical Report on the Davidson River Property, Northwest” dated November 4, 2019, which forms the basis for the written disclosure regarding the Davidson River Property. Mr. KNOX is independent of Standard Uranium Ltd., as defined by Section 1.5 of National Instrument 43-101. A copy of the Technical Report is available on Standard Uranium’s SEDAR profile at www.sedar.com.