Stallion Uranium Receives Exploration Permit for Coffer Uranium Project in the Athabasca Basin
06 December 2023 - 10:00PM
Stallion Uranium Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40)
is pleased to announce it has received the necessary permits from
the Saskatchewan Government to conduct ground-based geophysical
surveys and diamond drilling exploration work on its 100% owned
Coffer ("
Coffer” or the
"
Project") Uranium Project in the Athabasca Basin,
Saskatchewan.
Highlights
- The company is planning for a
targeted ground geophysics survey to commence in the coming weeks
that will further inform the planned maiden diamond drill program
in Q1/2024.
- Permitted activities include access
trail construction, temporary camp establishment, geophysical
surveying, and diamond drilling.
- Permits are valid until Nov 1,
2026, allowing for multiple seasons of geophysical surveying and
drill testing.
"We are thrilled to share the news that Stallion
has secured an exploration permit for our Coffer project in the
Athabasca Basin," stated Drew Zimmerman, CEO of Stallion Uranium.
"This permit represents a key step in our ability to continue to
advance our high-potential uranium targets. The Southwestern
Athabasca Basin is an underexplored corner of the globally
recognized Athabasca Basin and we are eager to advance our
exploration activities in this burgeoning region that holds the
potential to host the next significant uranium discovery."
Next Steps
Stallion will initiate a targeted geophysical
survey in the coming weeks over the Appaloosa Target on the Coffer
Project. Further information on the survey and target area will be
released in the coming weeks.
About Coffer Project
The Coffer Project comprises 8 mineral claims
and covering 35,875 hectares of highly prospective ground in the
Western Athabasca Basin. The project has never been drill tested
and contains several kilometer-scale prospective zones within the
key target areas identified as Appaloosa, Clydesdale and Mustang.
The Appaloosa target will be the focus of the up-coming exploration
programs as the Company has identified gravity and magnetic lows on
a conductive corridor known to correlate to alteration that hosts
uranium mineralization. The highly prospective target area shares
geological analogues to the nearby Shea Creek deposit, home to over
95M lbs. of uranium.
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 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
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accuracy of this release.
This news release contains forward-looking
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may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
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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
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revise any forward-looking statements, whether as a result of new
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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.
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.
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