Stallion Uranium has successfully acquired 10 new uranium exploration dispositions, leading to a significant expansion of its land package in the southwestern region of the Athabasca Basin in Saskatchewan. The newly acquired claims are part of the company’s Stone Island Project, covering 9,993 hectares and bordering the Western Athabasca Basin joint venture project between Stallion Uranium and Atha Energy.
The project also encompasses the Coyote Corridor, a previously identified and highly prospective area. This expansion has led to a 6.67% increase in shares of Stallion Uranium, now valued at C$0.08 as of 10:10 am ET.
CEO Drew Zimmerman expressed gratitude for the opportunity to stake a large land package in a competitive area. The newly acquired claims are geologically prospective and strategically located, enhancing Stallion’s exploration potential. The project also includes historically identified conductors and extends into the Taltson Geological Domain, home to the NexGen Energy’s Arrow deposit.
Stallion plans to progress the newly acquired project through its exploration funnel. The company, headquartered in Vancouver, focuses on exploring over 3,000 square kilometers in the Athabasca Basin, known for hosting the largest high-grade uranium deposits globally.
For further discussion on this development, investors can visit the Stallion Uranium Corp. Bullboard forum on Stockhouse. It is important to note that the information provided in this article is for informational purposes only and should not be considered investment advice.
