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Stallion Uranium Releases Non-Core Richmond Mountain Gold Project
EMX Royalty EMX Royalty (US:EMX) GlobeNewswire News Roomยท2024-07-11 21:21

Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, covering over 3,000 sq/km [1] - The company holds the largest contiguous project in the Western Athabasca Basin in partnership with ATHA Energy, adjacent to multiple high-grade discovery zones [1] Richmond Mountain Project - The Richmond Mountain project consists of 117 mining claims covering over 950 hectares, located approximately 1 km east of Eureka, NV [2] - The project targeted Paleozoic sedimentary formations or the Graveyard Flats intrusive, identified through a CSAMT geophysical survey [2] - A deep penetrating TITAN MT survey conducted in 2023 indicated potential for the Graveyard Flats to begin just past a depth of 1,500 feet [2] - Drilling results from hole RM-24-001 reached a depth of 2,282.8 feet but did not intercept the anticipated formations due to unexpectedly deep volcanic cover, leading to the decision to release the project back to Bronco Creek Exploration Inc. [2][7] Additional Projects - Stallion Uranium also offers optionality with a gold project in Idaho, which is near a world-class gold deposit, providing exposure to potential upside with limited capital expenditures [4] Leadership and Expertise - The leadership and advisory teams of Stallion Uranium consist of experts in uranium and precious metals exploration, possessing both capital markets experience and technical talent for acquiring and exploring early-stage properties [9]