Stallion Uranium Engages Axiom Exploration for Aerial Gravity Survey over Gunter Lake Uranium Project
31 Gennaio 2024 - 12:00PM
Stallion Uranium Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40)
is pleased to announce that it has engaged Axiom Exploration Group
to conduct an Aerial Gravity Survey over its Gunter Lake
("
Gunter Lake” or the "
Project")
Uranium Project in the southwestern Athabasca Basin, Saskatchewan.
The aerial gravity survey commencing in February
is a leading-edge technology that records the density changes in
the underlying rocks. The data from the gravity survey, when paired
with the existing data from the VTEM™ Plus survey completed
last year, will identify potential uranium alteration zones. The
gravity survey data is an important determinant in the discovery of
uranium mineralization and was one of the key geophysical surveys
used during the discovery of NexGen Energy’s Arrow deposit.
“As we are readying to mobilize for Stallion’s
maiden drill program on our Appaloosa target, the deployment of the
gravity survey will continue to move other prospective target zones
towards drill readiness. Stallion’s strategy is to pragmatically
advance the highest priority target zones over our large
prospective land package in the prolific southwestern Athabasca
Basin,” stated Drew Zimmerman, CEO. “We are at an incredibly
exciting time where each step we take on our roadmap continues to
move Stallion closer to finding the next uranium discovery!”
Xplorer™NxT™ systems are mounted on dedicated
AS350 B-series helicopters. The AS350 is ideal for the close
terrain following required for geophysical surveys. The unique
Starflex rotor system and ample power ensure that even the most
stringent survey specifications are maintained. The system will
utilize a strap-down laser ring gyro gravimeter collecting gravity
data.
Figure 1 – Stallion Uranium’s Gunter Lake
Project
About Gunter Lake Project
The Gunter Lake Project hosts 4 mineral claims
and cover 17,769 hectares of prospective ground in the Western
Athabasca Basin. The project has never been drill tested and
contains several kilometre-scale prospective zones, one of which
the company has named the Coyote target. The Coyote target will be
the focus of the up-coming gravity survey which will outline zones
of possible uranium alteration. The project is adjacent to NexGen
Energy’s SW2 Property which hosts the prolific Arrow Uranium
deposit.
Qualifying Statement:
The foregoing scientific and technical
disclosures for Stallion Uranium have been reviewed by Darren
Slugoski, P.Geo., VP 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
Stallion Uranium is working to Fuel the Future
with Uranium through the exploration of over 3,000 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company, with JV partner Atha Energy, holds the
largest contiguous project in the Western Athabasca Basin adjacent
to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised
of 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.
For more information visit stallionuranium.com or contact:
Drew ZimmermanChief Executive
Officer778-686-0973info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/901a40fb-3d3e-47dc-8b07-b7164a7adfd0
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