Standard Uranium on track to begin exploration on the Canary Project in Athabasca basin
–News Direct–
Standard Uranium CEO Jon Bey joined Steve Darling from Proactive to provide an update on the planned exploration activities at the Canary Project, currently under a three-year earn-in option agreement with Mamba Exploration. Under the agreement, Mamba aims to earn a 75% interest in the project by funding $6 million in exploration expenditures over three years, with the inaugural drill program scheduled for this spring.
Bey informed Proactive that the company has engaged drill and helicopter contractors for the inaugural Spring 2024 drill program, set to commence in early May. The drill program will entail helicopter-supported diamond drilling, focusing on high-priority unconformity-related uranium targets that have been refined through geophysical work conducted by the comp...