Overview
The Company signed a mineral property acquisition agreement in September 2024 with Mustang Energy Corp. (CSE:MEC). The Company retains 10% free carried interest in the Brown Lake Project, providing future discovery upside potential.
The Brown Lake Project consists of one mineral claim totalling 312-hectares, situated near the southeastern margin of the Athabasca Basin, 13 km northwest of the Key Lake Mill facilities. The property hosts 2.4 km of an untested magnetic low/fault trend that is 4 km southwest along strike of the Shift Lake Uranium Zone. The Shift Lake zone contains mineralized drill holes 79-17, 79-40, 79-45, and 79-59, in which uranium assays greater than 0.10% U3O8 were returned, notably 79-17 which hosts 0.62% U3O8 over 2.75 m and up to 2.42% U3O8 over 0.75 m. In 2011, 3D modelling of previous magnetics and resistivity depth imaging (“RDI”) slices delineated a northeast-trending fault zone, termed the Brown Lake Fault Zone (“BLFZ”). Recent modelling also defined an anomalous conductive body on the property based on alteration-related conductive halos observed in RDI sections, supporting the inferred continuation of the Shift Lake conductive trend and therefore prospectivity for uranium mineralization. The all-season highway between Key Lake and Points North is 12 km to the southeast of the property, while the Fox Lake fork off the main highway lies within 2 km of the eastern property boundary.
Disclosure of Technical and Scientific Information
Except as otherwise noted herein, Sean Hillacre, MSc. P.Geo., Standard Uranium’s VP Exploration, has reviewed and approved the scientific and technical information contained in this website. Mr. Hillacre is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101.
