Standard Uranium Ltd. has announced exciting results from its inaugural winter 2024 drill program at the Atlantic Project in northern Saskatchewan. The project, located in the eastern Athabasca Basin, revealed uranium mineralization in multiple drill holes, confirming the presence of a uranium-fertile system.
The results of the winter drill program showcased highly anomalous uranium in drill holes ATL-24-002, ATL-24-004A, and ATL-24-005A, coinciding with favorable alteration including dravite-rich clays. The presence of uranium mineralization in both sandstone and basement-hosted zones indicates a fertile system with significant potential for high-grade uranium deposits.
Furthermore, several key uranium pathfinder elements were found in anomalous quantities in the drill holes, providing valuable information for future exploration programs. The discovery of massive structural disruption in the sandstone column and wide graphitic shear zones confirms the main interpreted electromagnetic corridor on the western claim block, which was previously unexplored by other operators.
Standard Uranium’s VP of Exploration, Sean Hillacre, stated, “Confirming uranium mineralization and dravite alteration in multiple holes from our inaugural drill program at Atlantic is a fantastic first result. The scale and intensity of deformation in the basement rocks paired with strong alteration in the sandstone is highly prospective, and we are just beginning to reveal the compelling uranium story along this 18 km-long trend next door to one of the highest-grade uranium deposits in the world.”
The Company plans to conduct follow-up targets and additional geophysical surveys to identify further drilling locations for the next phases of exploration. The Atlantic Project holds significant potential for high-grade uranium discoveries, and the results of the inaugural drill program have strengthened the Company’s exploration thesis on the Project.
