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Stallion Uranium Corp
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Shares Issued 110,631,286
Close 2024-01-23 C$ 0.26
Market Cap C$ 28,764,134
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Stallion Uranium completes ground EM survey at Coffer

2024-01-24 09:34 ET - News Release

Mr. Darren Slugoski reports


Stallion Uranium Corp. has completed a ground-based time-domain electromagnetic (EM) geophysical survey over the high-priority Appaloosa target on its 100-per-cent-owned Coffer uranium project in the prolific Athabasca basin, Saskatchewan. The data have now moved into final processing and modelling to be available as Stallion prepares for its maiden drill program.

Key highlights:

  • The ground TDEM survey has been successfully completed.
  • Preliminary data highlight high-priority targets.
  • Data are currently undergoing final processing and modelling to refine drill targets.
  • Preparation has begun for the company's maiden drill program to test the targets.

Darren Slugoski, vice-president, exploration, Canada, stated: "The EM survey is the final step in the process of advancing the Appaloosa target to drill-ready status. The preliminary data has already identified multiple high-priority targets which will be systematically tested with the company's maiden drill program. The final processed data will provide Stallion with the most accurate and highest-priority drill targets to greatly enhance the probability of making a significant discovery."

The survey covered the Appaloosa target which hosts an approximately three-kilometre-long conductive corridor which contains multiple discrete conductors. The final processing of the data will refine the target to provide optimal conditions for drill testing. The geophysical signatures and anomalies seen at the Appaloosa target are known to occur over high-grade uranium deposits, including UEC's Shea Creek, that lies straight east of the Appaloosa target zone, and NexGen's Arrow deposit.

Coffer geophysical survey

Stallion Uranium engaged Discovery International Geophysics Inc. or the ground TDEM survey over the Appaloosa target on the Coffer project. The survey is currently undergoing final processing which will refine discrete drill targets observed in the preliminary data. The EM survey is capable of penetrating far beyond the estimated unconformity depth and will provide the best targets for drilling testing.

Discovery is a wholly owned division of Dias Geophysical Ltd., a leading geophysical services company bringing expertise and state-of-the-art equipment to ensure the success of the survey. Discovery utilized a low-temperature (liquid helium cooled) superconductor technology called Jessy Deep SQUID that has been developed specifically for mineral exploration and resolving conductors at extremely low frequencies.

About Coffer project

The Coffer project comprises eight mineral claims that cover 35,875 hectares of highly prospective ground in the western Athabasca basin. The project has never been drill tested and contains several kilometre-scale prospective zones within the key target areas identified as Appaloosa, Clydesdale and Mustang.

The Appaloosa target is the focus of the upcoming exploration programs as the company has identified gravity and magnetic lows on a conductive corridor known to correlate to alteration that hosts uranium mineralization. The highly prospective target area shares geological analogues to the nearby Shea Creek deposit, home to over 95 million pounds of uranium.

Qualifying statement

The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Mr. Slugoski, PGeo, vice-president, exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a qualified person as defined by National Instrument 43-101.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of over 3,000 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones.

The company's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world-class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

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