Several low-gravity anomalies have been identified from a high-resolution ground gravity survey completed over the Skye, Haven and Java target areas. While the perched uranium mineralisation present at the site has never been properly drill-tested at depth, the company is hopeful it will discover the high-grade "roots" of these mineralising systems in the basement rocks underlying the sandstones.
Standard Uranium's chief executive officer and chairman Jon Bey said its projects have been permitted for the 2022 season and that agreements with First Nations are in place.
"We are seeing a sharpening of investor sentiment and focus upon issues such as the stability of nuclear energy supply and the impact of political instability upon uranium exploration and mining operations," he said.
A high-resolution UAV magnetic survey will be carried out in the coming days and is likely to add further geological context to this season's drill targets. The Sun Dog project is located at the northwestern edge of the Athabasca Basin in Saskatchewan, close to the first uranium mining camp in Canada.
Standard Uranium is also looking to advance its three wholly-owned East Side projects this year, with high-grade unconformity-related uranium mineralisation at relatively shallow depths from surface at the Atlantic, Canary and Ascent projects.
On March 4, Standard Uranium traded on the TSX at C$0.225/share, moving 4.25% lower on the day. Its shares have hovered below $0.25 in 2022 after dropping from the $0.45 levels seen in the second half of last year.
