Standard Uranium advances Corvo project with first drilling in 40 years - ICYMI

Core Viewpoint - Standard Uranium Ltd is initiating its first drill program at the Corvo Project in Saskatchewan, targeting high-grade uranium deposits after over 40 years of inactivity on the site [1][3]. Drilling Program Details - The inaugural drill campaign will cover a 3,000-metre program involving 8 to 10 drill holes, focusing on both historical targets and new zones identified through modern geophysics [2]. - The program aims to keep costs low, with projected expenses of approximately $1.5 million, utilizing a winter skid approach for efficiency [4]. Project Background - The Corvo Project is being explored in partnership with Aventis Energy, marking a significant return to drilling activities after four decades [3]. - A large-scale ground gravity survey has been completed, covering over 5,000 stations along 29 km of conductive strike, to refine drill targets [3][8]. Historical Context and Targets - The project aims to find deposits similar to Eagle Point and Rabbit Lake, with a priority target being the Manhattan showing, which has reported surface uranium grades of up to 8.1% and has never been drilled before [6][7]. - Historical drilling from 1978 and 1979 will also be revisited, focusing on mineralization from those earlier efforts [7][9]. Modern Exploration Techniques - The company has upgraded its geophysical methods over the past year and a half, including new electromagnetic and magnetic surveys, to enhance the accuracy of drill target identification [8]. - The current drilling strategy is informed by modern exploration techniques that were not available during the previous drilling campaigns [8].