VANCOUVER, British Columbia, Jan. 31, 2024 (GLOBE NEWSWIRE) — 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 Zimmerman
Chief Executive Officer
778-686-0973
[email protected]
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
