- Standard Uranium (STTDF, Financial) reports significant uranium mineralization at its Corvo Project.
- Upcoming exploration includes supplementary geophysical surveys and inaugural drilling.
- Aventis Energy's option to acquire 75% of the project involves a C$4.5 million investment.
Standard Uranium (STTDF) has released an update on its Corvo Uranium Project, which is under a three-year earn-in option agreement with Aventis Energy. The project has revealed promising results from historical drilling, showing uranium mineralization along an 800-meter strike length, with notable intersections including 0.116% U3O8 over 1.05 meters and 0.065% U3O8 over 0.15 meters.
The Corvo Project, strategically located in the eastern Athabasca Basin, covers 12,265 hectares and showcases high-grade uranium surface showings. The Manhattan showing is particularly noteworthy, with uranium concentrations ranging from 1.19% to 5.98% U3O8. Additionally, a recent airborne Time-Domain Electromagnetic survey has identified at least 25 kilometers of combined conductor strike length, indicating potential for significant uranium deposits.
Aventis Energy has the option to earn a 75% interest in the project by investing C$4.5 million in exploration, making C$225,000 in cash payments, and issuing shares worth C$725,000 over three years. As part of its 2025 exploration plans, Standard Uranium intends to conduct supplementary geophysical surveys and an inaugural drilling program to further investigate and refine potential targets.
This development positions the Corvo Project near other significant uranium deposits, including the Gemini Mineralized Zone and Cameco's McArthur River mine, making it a prime location for basement-hosted uranium discovery in the region.
