Standard Uranium holds 5 high-quality uranium exploration projects in the Athabasca Basin comprising 56,411 hectares in 36 mineral dispositions. Standard’s properties are strategically located in the prolific eastern Athabasca uranium district, in the emerging southwest Athabasca uranium district, and the northwestern Basin where several uranium deposits have been discovered and mined since the 1950s.
Davidson River Project
The Company’s flagship project, Davidson River, is situated in the heart of the Patterson Lake uranium district, southwestern Athabasca Basin, and contains several kilometres of untested geophysical conductors, which, along with other geophysical features, comprise multiple high priority drill target areas. The Company completed its inaugural 5,607 metre Phase I drill program on the 25,886-hectare Davidson River property in September 2020, which has further refined the exploration strategy for high-grade basement hosted uranium mineralization on the property. Multiple drill holes intersected prospective semi-brittle to brittle deformation zones and localized hydrothermal alteration within the crystalline basement rocks, coincident with elevated uranium and anomalous pathfinder elements.
Sun Dog Project
The 100% owned Sun Dog property is located in the northwestern Athabasca Basin, proximal to Uranium City and south of the historic Gunnar uranium mines in the Beaverlodge district. Several high priority target zones have been identified on the 17,309-hectare property focusing on unconformity-related mineralization. Both historic drilling and recent sampling programs have uncovered multiple zones of uranium mineralization at, and near surface within the Athabasca sandstones known as the Skye, Java, and Haven target areas. The fall 2020 sampling campaign returned outcrop and grab sample results at the three main target areas up to 3.58% U3O8, 1.7% U3O8, and 0.7% U3O8, respectively. In addition to the known high-grade perched mineralization in the overlying sandstones, target areas on the Sun Dog property also contain many attributes that are favorable for the formation of high-grade basement hosted mineralization. Moreover, the Company believes there is significant gold and platinum group element potential on the property in addition to the uranium potential.
Eastern Athabasca Basin Projects
Standard Uranium further expanded its claim portfolio in 2020 through staking of additional eastern Athabasca Basin properties; The Canary and Ascent projects, complimenting the Company’s existing Atlantic project on the eastern edge of the Basin. Together, the 100%-owned eastern Athabasca claims total 13,215 hectares and boast several technically strong exploration targets with discovery potential in a proven uranium exploration and mining region. The northern portion of the eastern Athabasca Basin where the Company’s Canary, Ascent and Atlantic projects are situated has seen relatively less exploration than the rest of the region. The Company has defined this as an excellent chance to add value and increase the chances for a new discovery in areas that have fundamentally strong geology and positive historical exploration results.
Disclosure of Technical and Scientific Information
Except as otherwise noted herein, Neil McCallum, BSc. P.Geo., Standard Uranium’s VP Exploration, has reviewed and approved the scientific and technical information contained in this website. Mr. McCallum is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101.