Highlights
- Hole CF24-001 encountered anomalous radioactivity near the unconformity with a peak of 1,540cps (Counts per Second) in a 4.2m radioactive interval including 0.3m at 1,322 cps.
- Hole CF24-001 encountered anomalous radioactivity in the basement of 262 cps over 4m.
- Hole CF24-001 hit the unconformity at 762.6m and completed at a depth of 829.2m.
- Highly prospective geology encountered.
- Stallion holds a 100% ownership of the project.
“We are thrilled to encounter radioactivity on our very first hole, CF24-001, on the Appaloosa Target.” said
Technical Summary for CF24-001
(Zone 12 V 598869 Easting, 6457227 Northing, 1800 Azimuth / Dip -800)
CF24-002 was drilled targeting a conductive anomaly along the eastern edge of a gravity low anomaly. The drill hole was successful in encountering anomalous radioactivity in the Athabasca Sandstone just above the unconformity as well as a second interval of anomalous radioactivity located 1.6 m into the basement. Anomalous radioactivity was encountered in the Athabasca Sandstone with a radioactive peak of 1,540 CPS in a 4.2 m interval that averaged 358 cps, including 0.3 m at 1,322 cps. The radioactivity is associated with hematite, chlorite and clay alteration and stockwork fracturing (Figure 1-4). A RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer measured radioactivity of 520 counts per second ("cps") and a
"It’s an incredibly exciting time for the company as we start to receive the initial results from our maiden drill program,” stated
Table 1: Downhole Total Gamma Results from CF24-001
Hole Number | From (m) | To (m) | Width (m) | Avg. cps | Peak cps | Rock Type | |
CF24-001 | 758.5 | 762.7 | 4.2 | 357.57 | 1,540 | Sandstone | |
Including | 760.5 | 760.8 | 0.3 | 1322 | 1,540 | Sandstone | |
and | 764.2 | 768.2 | 4 | 145 | 262 | Basement |
CF24-001 – Depth 760.7 to 761.2m (Figures 1 to 4) | |
Figure 1 – Radioactive split core highlighting the alteration: | |
Figure 2 – Whole core measured with the RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer (1,540 cps with downhole probe). Red lines highlight stockwork fractures. | |
Figure 3 – Chlorite and Clay coated fracture surface close-up | Figure 4 – Clay Alteration close-up |
Hole CF24-002
The second hole of the drill program is already underway. The collar of the hole is a step out of 700m to the east of the first hole. This drill hole is designed to test the continuity of radioactivity at the unconformity intersected in drill hole CF24-001 as well as provide additional geological information to support the observations made.
Appaloosa Target
The Appaloosa target is located at the north end of the 100% owned Coffer project and was first identified from the regional VTEM survey conducted in early 2023. The survey data when compiled and modeled with all available historical data showed the key characteristics for potential uranium mineralization. To best refine drill targets Stallion utilized the latest technology to complete an advanced ground TDEM survey over the target area. Further bolstering confidence in the target, the
Gamma Logging and Geochemical Assaying
All core radioactivity was measured using a RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer. Down hole probing radiometric surveying was conducted with a
All drill core samples from the 2024 program will be shipped to the
All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined. The reader is cautioned that gamma probe readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials.
Qualifying Statement
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by
About Stallion Uranium
Stallion Uranium is working to Fuel the Future with Uranium through the exploration of over 3,000 sq/km in the
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
For more information visit stallionuranium.com or contact:
Chief Executive Officer
778-686-0973
info@stallionuranium.com
Neither the
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report 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 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.
Figure 1
Radioactive split core highlighting the alteration: Red Square is the radioactive core and hematite alteration (1,322CPS with downhole probe), Blue Square is clay alteration associated with stockwork fractures, Green Square is chlorite and clay coated fracture surface.
Figure 2
Whole core measured with the RS-230 BGO Super-SPEC Handheld Gamma-Ray Spectrometer (1,540 cps with downhole probe). Red lines highlight stockwork fractures.
Figure 3
Chlorite and Clay coated fracture surface close-up
Figure 4
Clay Alteration close-up
2024 GlobeNewswire, Inc., source