Stallion Uranium Announces Completion of Airborne VTEM Survey Over Stone Island and Coyote Drilling Update
VANCOUVER, British Columbia – Stallion Uranium Corp. (TSX-V: STUD; OTCQB: STLNF; FSE: B76) has successfully concluded a helicopter-borne VTEM Plus airborne electromagnetic survey across the Stone Island target area within its Moonlite Project, located in the Southwestern Athabasca Basin. Concurrently, the company has provided a significant update on its ongoing exploration efforts at the Coyote Target, marking a crucial phase in its uranium discovery strategy.
VTEM Survey Details and Strategic Importance
Conducted by Geotech Ltd., the VTEM survey comprised two grids positioned south of the Coyote Corridor on the Moonlite Project. This initiative was meticulously designed to refine conductive structural corridors, identify potential alteration anomalies, and generate additional high-priority drill targets. These efforts are intended to complement Stallion's active diamond drilling program at the primary Coyote Target.
The survey involved a total of 676 line-kilometres flown, with 578 km on the northern grid and 98 km on the southern grid. Executed at a 200-metre line spacing, it provides high-resolution coverage aimed at mapping conductive graphitic basement structures, which are often associated with unconformity-related uranium deposits. Data from this survey is currently undergoing processing and interpretation to pinpoint conductive corridors, assess structural complexity, and delineate potential drill targets.
Matthew Schwab, CEO of Stallion Uranium Corp., expressed enthusiasm about the developments, stating, "We're thrilled to have wrapped up the VTEM Plus survey over Stone Island and to see our diamond drilling advancing at the Coyote Target; this is a pivotal moment in unlocking the true potential of the Moonlite Project. By extending our geophysical coverage south and southwest of the Coyote corridor, we're gaining critical new insights into the broader structural system and pinpointing even more high-priority drill targets."
Coyote Target Drilling Progress and Challenges
Stallion's maiden drill program at the Coyote Target is currently underway, with two diamond drill rigs actively operating. The program is systematically evaluating high-priority geophysical and structural targets identified through recent exploration activities. However, the drilling has encountered challenging conditions, as all current drill holes have intersected massive alteration and significant structural influence from the underlying regional fault system.
Schwab further emphasized the significance of the Coyote Target, noting, "Coyote remains one of the most compelling basement-hosted uranium opportunities I've encountered in the Athabasca Basin, and with these datasets stacking up, we're positioning Stallion for what could be a game-changing discovery in the world's highest grade uranium district."
Key Highlights of the Announcement
- Completion of the VTEM Plus survey over the Stone Island Target on the Moonlite Project, located south of the Coyote Target.
- Two survey grids totaling 676 line-kilometres flown, with 578 km on the northern grid and 98 km on the southern grid.
- Survey conducted at 200-metre line spacing to provide high-resolution coverage for mapping conductive structures.
- Data processing and interpretation underway to identify conductive corridors and potential drill targets.
- Maiden drill program at the Coyote Target progressing with two diamond drill rigs, despite challenging drilling conditions involving massive alteration and structural complexities.
This foundational geophysical dataset for the largely underexplored Stone Island area is expected to advance Stallion's systematic exploration strategy in the region, potentially leading to significant discoveries in the uranium-rich Athabasca Basin.
