Standard Uranium: 1863 m of promising drilling at Athabasca’s Canary project

Standard Uranium Ltd. reports encouraging results from its drilling program at the Canary Project in the Athabasca Basin. Abnormal levels of uranium and indicator elements underline the potential for future exploration in this promising region.

Share:

Standard Uranium Ltd. announces promising results from its spring 2024 drilling program at the Canary project, located in the Athabasca Basin, a region renowned for its uranium wealth.
Analytical results reveal anomalous levels of uranium and indicator elements, characteristic of basement-hosted uranium deposits.
This inaugural drilling program, which was carried out over an area of 7,302 hectares, marks a significant step forward in the exploration of this project, which is currently under a three-year option agreement with Mamba Exploration Limited.
Drilling results indicate moderately anomalous uranium mineralization in several drill holes, with Uranium:Thorium (U:Th) ratios greater than 3:1, suggesting a hydrothermal contribution of uranium.
Zones of mineralization are related to structural zones and lithological contacts, indicating a uranium-fertile system.
In addition, several uranium indicator elements are present in anomalous quantities, notably boron, providing valuable information for future programs.
Spectroscopic analyses confirmed the presence of dravitic clays associated with semi-pelitic gneisses in drill hole CAN-24-001.

Analysis of drilling results

The spring 2024 drilling program involved 1,863 meters of diamond drilling spread over four holes.
The holes were designed to test recently identified resistivity anomalies along a northern conductive trend, defined by a DCIP survey conducted in 2022.
Results show that all drill holes intersected key features of a uranium mineralized system, including favorable hydrothermal alteration and strongly deformed metasedimentary rocks.
Analytical data confirm the presence of elevated uranium in the basement rock, as well as fracture-controlled clays.
Sean Hillacre, president and vice-president of exploration at Standard Uranium, emphasizes the significance of these results:

“Intersecting anomalous uranium elements and indicator elements associated with hydrothermal alteration zones in a completely unexplored area is very encouraging.”

This statement highlights the enthusiasm of the technical team to continue exploration efforts in collaboration with Mamba Exploration.

Prospects for future exploration

The Canary project has significant potential for future discoveries along three underexplored conductor systems.
Additional geophysical investigations along these corridors will identify new target areas for Phase II and III drilling.
Geological data collected during the Spring 2024 program are currently being processed and interpreted, which should enrich our understanding of the geological structures and mineralized zones.
Historical drilling results in the region, notably from the Roughrider/J-zone project, provide valuable context for the evaluation of potential targets.
The anomalous geochemical data and favourable alteration observed in previous drill holes strengthen the case for continued exploration in this promising region.
Next steps include the planning of follow-up targets based on the results of the spring program and the evaluation of geophysical data.

Geological context and opportunities

The Canary project is located in the Mudjatik geological domain, an area that has recently seen several notable discoveries.
The proximity of discoveries such as IsoEnergy’s Hurricane deposit underscores the region’s untapped potential.
The project is significantly underexplored compared to adjacent magnetic conductor corridors, offering a unique opportunity for Standard Uranium to capitalize on technological advances and modern exploration methodologies.
Standard Uranium’s commitment to rigorous, methodical exploration, combined with strategic partnerships, positions the company to capitalize on opportunities in the uranium sector.
The company continues to focus on identifying and acquiring Athabasca-style uranium targets, with a clear vision of discovery and future development.
The results of the spring 2024 drilling program at the Canary project illustrate not only the potential of the region, but also Standard Uranium’s commitment to responsible and efficient exploration.
Future phases of exploration should provide further information on the economic viability of uranium resources in this strategic region.

Bahrain has concluded a civil nuclear agreement with the United States and formalised a commitment of $17bn in public investments in the US market, further strengthening bilateral cooperation.
Kairos Power has installed the vessel for its third test prototype in Oak Ridge, aiming to validate manufacturing methods for its future Hermes reactor supported by the US Department of Energy.
London and Prague formalise a strategic partnership to develop the nuclear sector, focusing on small modular reactors and industrial cooperation on supply chains.
Experts have broadly approved France’s Cigéo deep nuclear waste repository project, highlighting technical uncertainties that demand stronger guarantees for long-term safety.
Uzbekistan advances its nuclear project by signing a protocol with Hungary for the supply and local assembly of dry cooling systems, expanding its industrial partnerships in the region.
Polskie Elektrownie Jądrowe is asking the European Commission to review its $49bn investment to build Poland’s first nuclear power plant, a step required under the Euratom Treaty before any construction permit can be issued.
The International Atomic Energy Agency mission completed on July 11 warns that the National Nuclear Safety Administration must hire staff to oversee a fleet of 59 reactors in operation and 32 more under construction.
Energoatom signed strategic agreements with Westinghouse and Holtec at the Ukraine Recovery Conference, aiming to establish nuclear fuel production and small modular reactor capabilities in the country.
Tehran agrees to reopen its nuclear facilities to the IAEA, aiming to resume negotiations with Washington, while Moscow pushes for a “zero enrichment” agreement without getting involved in supervision.
TerraPower has selected three new American suppliers for its advanced Natrium nuclear reactor, confirming progress on the project located in Kemmerer, Wyoming, intended to replace a retiring coal-fired power plant.
Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
The Canadian Nuclear Safety Commission has identified no major barriers to licensing the ARC-100 reactor, announces ARC Clean Technology.
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.
Vistra Corp receives green light to extend Perry nuclear plant operations in Ohio by 20 years, securing regional electricity supply until 2046 and ensuring operational continuity for all its nuclear reactors in the United States.
EDF will hold a 12.5% stake in the Sizewell C nuclear project in the UK, a €1.3 billion investment announced during Emmanuel Macron’s official visit to London, confirming the strategic nuclear energy alignment between the two countries.
The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.
EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.
NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.
American companies SHINE Technologies and Standard Nuclear partner to recycle uranium and plutonium, supplying advanced fuel to the nuclear reactor sector and enhancing the national energy security of the United States.