Small-cap uranium miner boasts multiple partner-funded drill programs in Canada's famed Athabasca

Hybrid prospect generator Standard Uranium Ltd. (TSX-V: STND)(OTC: STTDF) — currently trading undiscovered around C$0.06 per share in the 2024 uranium bull market — has intersected anomalous radioactivity in all holes drilled at its recently completed first pass program at the Atlantic uranium project located in Saskatchewan’s prolific Athabasca Basin.  

The 3,061-hectare project is under option to Atco Mining (CSE: ATCM)(OTC: ATMGF) with Standard Uranium as operator and with Atco funding 100% of the exploration and drilling costs. Atco has an option to earn a 75% interest in the project over three years.

The Atlantic project — which covers 6.5 km of an 18-km-long, east-west trending conductive exploration trend — lies on the eastern side of the Athabasca Basin area where STND has amassed an impressive multi-project presence (see below).  

map of projects

Highlights from the recently completed program at Atlantic include:

  • Inaugural Success: Anomalous radioactivity (>300 cps) intersected in all 5 holes drilled and coinciding with prospective structural zones and favorable alteration including dravite-rich clays.
  • On Time & Under Budget: Completed 3,316 meters across 5 drill holes, on time and under budget, surpassing meterage expectations.
  • Sandstone & Basement-Hosted Radioactivity: Multiple zones of elevated radioactivity linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system with several kilometers of untested strike length. 

uranium prices


Standard Uranium president & VP Exploration Sean Hillacre — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the partner-funded program at Atlantic via press release:

“Intersecting anomalous radioactivity across all five drill holes targeting a completely untested area on the Atlantic project is extremely encouraging. The results from this program have confirmed the presence of a significant structural framework on the property providing the ideal conditions for high-grade unconformity-related uranium mineralization. The scale and intensity of deformation in the basement rocks we drilled this season is highly prospective and paired with the radioactivity and hydrothermal alteration intersected in the overlying sandstone, we are just in the beginning of uncovering the compelling story on the first of many target areas on Atlantic.”

With assays pending — and with the project offering significant discovery upside along untested portions of the east-west trending conductor system — next steps will include geophysical surveys over the central claim blocks to further delineate high-priority targets for phase-2 and phase-3 drilling.  

regions map

In addition to the newly-optioned Atlantic project, Standard Uranium has completed a number of key milestones in Canada’s Athabasca Basin region this year, including:

  • Optioned the Ascent Uranium Project to Summitt Fusion Ltd. 
  • Expanded the Ascent property by 3,728 hectares, effectively doubling the project size 
  • Acquired the Cable Bay Southwest, Ox Lake, Brown Lake, and Harrison uranium projects through staking

In all, Standard Uranium has successfully inked four joint venture earn-in partnerships on its Atlantic, Canary, Ascent, and Sun Dog uranium projects totaling over C$31M in work commitments over the next three years, assuming each partner completes its full earn-in.

On 8 April 2024, Standard Uranium, as operator, released details on its planned spring/summer drill program for the Canary uranium exploration project, which is under option (75% earn-in) to Mamba Exploration Ltd.

The 7,302-hectare property is situated on the east side of the Athabasca Basin — 11 km north of IsoEnergy’s high-grade Hurricane uranium deposit (see below) — and offers potential for high-grade unconformity-related uranium mineralization.

canary uranium map

Standard Uranium president Sean Hillacre commented:

“Our exploration thesis and targeting strategy in eastern Athabasca uranium district had been bolstered by the high-quality geophysical surveys and interpretations we have completed in preparation for this inaugural program. Our technical team and partners at Mamba are excited to begin drilling the robust targets identified on Canary for the first time, exploring for shallow high-grade 1 unconformity-related uranium mineralization.”

Drill targets at Canary are being prioritized based on historic exploration and geophysical surveys completed in 2022 with ideal unconformity target zones situated approximately 200 to 300 meters below surface.

In addition to its portfolio of partner-funded projects, Standard Uranium is simultaneously advancing its flagship, self-funded Davidson River uranium exploration project in the southwestern Athabasca Basin.

davidson river projects

The Davidson River project comprises 10 mineral claims spanning 30,737 hectares in an area of the basin that contains over 400 million pounds of high-grade uranium in world-class deposits, including Fission Uranium’s Triple R and NexGen Energy’s Arrow deposits. 


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STND has laid the foundation for discovery using industry-leading surveys to define more than 70 km of prospective exploration trends at Davidson River with plans in place for a 2H 2024 drill program as a follow up to positive results received from prior drill rounds. 

In other words, plenty of irons in the fire for Standard Uranium as we head toward the second half of 2024 with uranium prices holding strong well above US$80 per pound. 

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Standard Uranium president & VP Exploration Sean Hillacre to go over the recently completed drill program at Atlantic and much more. Please enjoy! 

For more on Vancouver-based Standard Uranium Ltd., please contact the company’s IR department at 306-850-6699 or via email at info@standarduranium.ca.

Visit the Standard Uranium corporate website and sign up to receive updates directly from the company here

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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