Stallion Uranium (TSXV:STUD) has recently announced the results of an airborne gravity survey conducted in collaboration with Atha Energy (TSXV:SASK) in the Southwestern Athabasca Basin. The survey unveiled promising gravity anomalies that are indicative of potential uranium alteration and favorable rock types, highlighting new prospective target areas for exploration.
This survey marks a significant milestone for Stallion Uranium in prioritizing target areas within their land package. The company’s shares have surged by 15.38 percent to C$0.075 as of 11:31 am ET.
Covering a 637-square-kilometre area, the gravity survey aimed to identify subsurface density variations commonly associated with uranium deposits. Darren Slugoski, the Vice President of Exploration at Stallion Uranium, expressed optimism about the results, noting the correlation of the central gravity anomaly with the uranium-bearing Patterson Lake Trend.
Key findings from the survey include the detection of significant correlations with the mineralized Patterson Lake trend hosting key deposits, identification of anomalies corresponding to high-priority areas, and the ability to prioritize exploration targets in conjunction with other datasets.
Stallion Uranium, headquartered in Vancouver, is actively exploring over 3,000 square kilometers in the Athabasca Basin in partnership with Atha Energy. Their joint venture holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones.
Investors interested in engaging in discussions about Stallion Uranium can join the conversation on the Stallion Uranium Bullboard investor forum. Please note that the information provided in this article is for informational purposes only and should not be considered as investment advice. For a comprehensive disclaimer, please refer to the provided link.
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