Standard Uranium Receives Drill Permits and Initiates Ground Gravity Survey on the Corvo Uranium Project

Core Insights - Standard Uranium Ltd. has received exploration permits for the Corvo Uranium Project and plans to initiate a ground gravity survey and drilling program in early 2026 [1][3]. Exploration and Survey Details - The company has contracted MWH Geo-Surveys to conduct a 50 m x 200 m ground gravity survey over 29 km, which will help identify density anomalies related to uranium mineralization [2]. - The gravity survey will consist of over 5,000 individual gravity measurement stations and is expected to refine target areas for drilling [2][4]. - A diamond drill program totaling approximately 3,000 meters is planned for winter 2026, marking the first drilling activity on the project in over 40 years [3]. Historical Findings and Assays - Previous outcrop grab samples from the Manhattan Showing returned uranium assays as high as 8.10% U3O8, indicating significant mineralization potential [3][7]. - The company identified zones of off-scale radioactivity and developed new drill targets based on previously undocumented radioactive occurrences [7]. Project Location and Potential - The Corvo Project is strategically located 60 km east of Cameco's McArthur River mine and 45 km northeast of Atha Energy's Gemini Mineralized Zone, suggesting a favorable geological setting for uranium exploration [8][9]. - The project is considered highly prospective for shallow, high-grade basement-hosted uranium mineralization, similar to other successful deposits in the region [9]. Technical and Analytical Methods - Ongoing geophysical interpretation and modeling are being conducted to integrate historical and new data, which will aid in identifying high-priority drill targets [6]. - Samples collected for analysis are being processed at SRC Geoanalytical Laboratories, ensuring quality control and reliable results [11].