Standard Uranium Ltd has provided a summary of 2025 exploration programmes planned on its Corvo Uranium Project, currently under a three-year earn-in option agreement with Aventis Energy Inc.
Highlights:
- High-grade* Uranium at Surface: A prospecting, mapping, and geochemical sampling program is planned for July 2025 to ground-truth historical uraniferous outcrops including the Manhattan showing (1.19 to 5.98% U3O8) and SMDI showing 2052 (0.137% U3O8 and 2,300 ppm Th).
- High-Resolution Geophysics: An extensive ground gravity survey is being planned for Q4 2025, designed to identify density anomalies potentially representing hydrothermal alteration systems coincident with newly refined electromagnetic conductor trends across the Project.
- Integrated Target Development: The results of the recent airborne TDEM survey2 and the planned ground gravity survey will be subject to geophysical inversion, interpretation, and modelling, and integrated with the Project’s existing datasets, to prioritize target areas for inaugural drilling.
- Inaugural Drill Programme: A diamond drill program is being planned for Q1 2026 to begin testing targets developed and ranked through the detailed programs that will be executed in 2025.
“The technical team and I are looking forward to getting boots on the ground at Corvo for the first time,” Sean Hillacre, President & VP Exploration of Standard Uranium, commented. “We have multiple work programs planned that will add value and bolster our targeting strategy on the project throughout 2025 ahead of our maiden drilling programme.”
2025 exploration plans
Earlier this year, the company contracted Axiom Exploration Group Ltd in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo Project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100m and tie-line spacing of 1,000m. The airborne TDEM survey outlines several kilometres of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project.
The magnetic survey component of the TDEM survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes.
The Company will undertake a detailed mapping, prospecting and sampling programme to ground-truth historical uranium showings at surface in early July 2025. Samples will be shipped to Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, SK for geochemical analysis. Results will be released and incorporated into the NI 43-101 technical report on the project.
Supplementary geophysical surveys across the project are being designed to further refine drill targets for an inaugural drill program. The company plans to complete a high-resolution ground gravity survey across the main conductive trends on the Project, aiming to identify potential hydrothermal alteration halos which could be related to basement-hosted uranium mineralisation.
Ongoing geophysical interpretation and modelling is planned throughout 2025 to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the project prior to modern drilling next year.
The company believes the project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralisation akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralised Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till. Several outcrop showings of mineralised veins and fractures are present on the Project, notably the Manhattan Showing that returned historical grab sample results 59,800 ppm U at surface and has never been drill tested.
Qualified person statement
The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101.
Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The company’s future exploration work may include verification of the data. The company considers historical results to be relevant as an exploration guide and to assess the mineralisation as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralisation.
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