VANCOUVER, British Columbia – Stallion Uranium Corp. has officially commenced its highly anticipated 2026 winter diamond drilling program at the Moonlite Project, situated within the prolific Athabasca Basin region of northern Saskatchewan. The company, trading under the symbols TSX-V: STUD, OTCQB: STLNF, and FSE: B76, announced the launch of this significant exploration initiative, which marks a pivotal step in its uranium discovery efforts.
Targeting the Coyote Corridor
The primary focus of this drilling campaign is the Coyote Corridor, a substantial and well-defined structural zone that has been meticulously identified through more than a year of comprehensive geophysical surveys and detailed geological modeling. This collaborative effort was conducted in partnership with Atha Energy Corp., which trades as TSX-V: SASK. The Moonlite Project encompasses mineral claims that are 100% owned by Stallion Uranium, along with additional claims secured through an option agreement with Atha Energy Corp.
Key Highlights of the Drilling Program
Extensively Defined Target: The Coyote Target represents the culmination of extensive integrated geophysical surveying, geological modeling, and multidisciplinary data integration. This process has resulted in a large, well-defined basement-hosted target that is considered highly prospective for high-grade uranium mineralization.
Compelling Geophysical Signatures: Priority drill targets within the Coyote Corridor are characterized by coincident conductors, gravity anomalies, and structural corridors. These features are closely associated with significant uranium deposits found throughout the Athabasca Basin, enhancing the project's potential for discovery.
First-Ever Drill Test: The Coyote structural corridor is a newly defined exploration area that has never been subjected to drilling tests before. This inaugural drilling program represents a groundbreaking opportunity to assess its mineral potential.
Staged Drill Program Underway: The program involves drilling 4,000 meters utilizing two diamond drill rigs. This staged approach allows for real-time incorporation of results, enabling the team to refine targeting strategies from hole to hole as the project progresses.
Premier Location: The Moonlite Project is strategically located within a highly prospective exploration corridor of the western Athabasca Basin. Its proximity to multiple world-class uranium discoveries and deposits further underscores its exploration significance.
Expert Insights and Operational Details
Drilling operations are being carried out by Base Drilling, a contractor with extensive experience operating in the challenging conditions of northern Saskatchewan and the Athabasca Basin. Matthew Schwab, CEO of Stallion Uranium, expressed strong optimism about the program, stating, "This is the first time Coyote has ever been drilled, and it represents one of the most technically compelling uranium targets I have ever seen. After more than a year of focused geophysical work and modeling, we are now testing a target that shows the same geological signatures seen at several major Athabasca uranium discoveries. With two rigs turning, this program has genuine discovery potential."
Darren Slugoski, VP of Exploration, added, "Coyote checks the boxes we look for in Athabasca uranium exploration. We see conductive graphitic structures, gravity lows, and structural complexity all coinciding in the same corridor. These are the types of features that host uranium deposits elsewhere in the Basin, and this program is designed to test the most favourable parts of that system."
Weather-Related Delays and Current Status
The drilling commencement was slightly delayed due to unseasonably warm weather conditions in January, which temporarily impacted winter road construction and equipment mobilization. However, site conditions have since improved significantly, allowing drilling activities to begin safely and efficiently. The company remains committed to maintaining operational excellence while navigating the environmental challenges typical of northern exploration.
