Davidson River Project

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.

Triple R Deposit¹ (Discovered 2012) Fission Uranium (600+ drill holes)

Indicated

87.76 Mlbs 1.82% U3O8

Inferred

52.85 Mlbs 1.80% U3O8

Arrow Deposit² (Discovered 2014) NexGen Energy (600+ drill holes)

Indicated

179.5 Mlbs 6.88% U3O8

Inferred

122.1 Mlbs 1.30% U3O8

Spitfire Zone³ (Discovered 2015) Cameco/Orano/Purepoint (100+ drill holes)

DH: HK15-27 – 2.8 m of 2.23% U3O8
DH: HK18-82 – 1.3 m of 8.70% U3O8

Smart Lake Zone* (Discovered 2008) PurePoint

DH: SMT08-05 – 0.2 m of 0.19% U

Davidson River Property – Standard Uranium         (0 drill holes to-date)

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

Clearwater Domain Mirror Theory

  • The Clearwater domain is thought to be a potential source of uranium found in the southwest Athabasca Basin
  • The corridors west of the domain were recently discovered by Standard Uranium but never drilled
  • The exploration corridors to the east of the Clearwater domain have had major uranium discoveries
  • Dominant northeast to southwest trend east of Clearwater Domain
  • The exploration corridors to the west of the Clearwater domain have excellent potential to host similar deposits
  • Dominant northwest to southeast trend west of Clearwater Domain
  • The Patterson Lake Corridor, which hosts the Spitfire zone, Arrow deposit and Triple R deposit is interpreted to continue through the Clearwater Domain to the Davidson River Property
  • 2017 Tilt-angle interpretation of magnetics

Southwest Athabasca Basin

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:

572 holes

NexGen Energy:

501 holes

Purepoint/Orano/Cameco:

82+ holes

Davidson River Property:

0 Holes

2019 Exploration Field work

Davidson River Work Program

will focus on geochemical surveys over the VTEM conductors in the lower elevations of the project.

  • 4 general conductors identified by VTEM
  • ZTEM survey completed May, 2019
  • Prospecting & mapping completed July, 2019 – interpretation Q3/19.
  • First drill targets will be identified on conductor A
  • Permitting for drill targets completed

John H. Gorham, 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 September 19, 2019, which forms the basis for the written disclosure regarding the Davidson River Property. Mr. Gorham 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.