The Appaloosa target is located on the northern end of Stallion’s 100% owned Coffer project and is only 13km west of the
“Stallion’s maiden drill program was big step towards a discovery hole for the company. We now know the location of the targeted structure, we know the structure is fertile from anomalous radioactivity in all 3 drill holes, we know the structure is large enough to host a significant deposit, and we know where to target next,” said Stallion CEO,
Figure 1 – Cross section of CF24-003. The figure is an interpretation of the geological structure that includes an example of an Unconformity Type Deposit similar to
* The Company considers greater than 80 cps (on the RS-230 scintillometer) to be above background from the background radioactivity levels of 30-60 cps.
* Background gamma readings through non-elevated zones typically range from 30-60 cps on the RS-230 Handheld Scintillometer.
* Hole CF24-003 was probed to a deep of 850 meters due to the limits of the winch.
Appaloosa Target Summary
The Appaloosa target was first uncovered through the regional survey work completed by Stallion. When compiled with available historical data the target area had promising indicators known to host substantial uranium mineralization. The company then completed a ground TDEM SQUID (Superconducting Quantum Interference Device) survey developed specifically for resolving conductors at extremely low-frequencies. The comprehensive data was able to identify key prospective zones within the target area, supporting the potential for economically viable uranium deposits that should be drill tested.
Stallion’s maiden drill program commenced on
Highlights of each Drill Hole
- CF24-001 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. This hole was successful in identifying the trends of the geology and the true depth of the unconformity. This data was used to adjust target parameters on CF24-002 and 003.
- CF24-002 is located 700 metres west of CF24-001 and is targeting an EM conductor located within a gravity low. CF24-002 was a large step-out that was successful in following up radioactivity intersected in CF24-001. Anomalous radioactivity was encountered in the Athabasca Sandstone at the unconformity with radioactivity of 333 cps over 3.4 m including 644 cps over 0.3 with a radioactive peak of 771 cps. Radioactivity is associated with bleaching, hematite and stockwork fractures
- CF24-003 is located 700 m west along strike from CF24-002, and 1.4km west of CF24-001 and targeted an EM conductor that was located within a coincident gravity low. After the final adjustments were made to the location of CF24-003, a deep-rooted conductive structure, spanning 94.7 meters in down-hole thickness, was encountered. This structure is associated with significant strong clay and chlorite alteration and radioactivity that is above background.
Future Drill Program
Given the strong results a future drilling program will be required to further test for uranium mineralization at the Appaloosa target zone. Based on the significant alteration intersected, a future drill program will have the objective of testing for an unconformity uranium deposit up-dip from drill hole CF24-003 as well as test the extent of the alteration along strike to the East and West. Radioactivity detected in CF24-001 will be followed up with newly re-targeted drill holes, informed by data from CF24-003, as the modeled conductor was not intersected.
Pending Assays
The company has sent a total of 282 samples from the 3 holes to be assayed at the
Figure 2 – 2024 Drill Hole locations on 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.
Photos accompanying this announcement are available at:
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1 https://www.uraniumenergy.com/projects/canada/shea-creek/
![](https://ml.globenewswire.com/media/YmI1MDczYzItMzQzNS00ODc0LTk3YTItZGIwMjNiNjNmZWQ4LTExMzIzOTU=/tiny/Stallion-Uranium-Corp-.png)
Figure 1
![](https://ml.globenewswire.com/media/f255cac7-de21-4e33-bfa4-3529a0f57ad5/medium/figure-1.jpg)
Cross section of CF24-003. The figure is an interpretation of the geological structure that includes an example of an Unconformity Type Deposit similar to Shea Creek
Figure 2
![](https://ml.globenewswire.com/media/9d1ea9bc-fcf8-45f4-b63b-be583b08de7a/medium/figure-2.jpg)
2024 Drill Hole locations on the Coffer Project
2024 GlobeNewswire, Inc., source