Stallion Uranium Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40)
is pleased to announce that Quantec has completed the data
acquisition phase of the geophysical survey on the Richmond
Mountain Project in Nevada. The survey data is being processed and
interpreted with the results of the survey forthcoming.
Additionally, the company reports highly prospective results from
exploration work completed on its Antimony Ridge target area in
Idaho and provides an update on further exploration activity.
Antimony Ridge is located on Stallion’s 100% owned
Horse Heaven Property and was the location of historical antimony
mining activities in the 1950’s. Antimony is included on the list
of critical and strategic minerals published by the US Geological
Survey and antimony reserves on Perpetua Resources’ adjoining land
package have spurred major US government investment in development
of the adjacent property through the Department of Defense.
“Our sampling results are extremely encouraging – everything we
sampled had significant gold and antimony mineralization,” said
Drew Zimmerman, CEO of Stallion Uranium. “We look forward to the
results of the additional work we did on the property this fall to
assess its potential as a major antimony system, comparable to
those at Stibnite just 10km east.”
Results of initial rock sampling conducted by Stallion Uranium
geologists in 2022 demonstrated occurrence of widespread
antimony-gold-silver mineralization over significant widths in
multiple exposures on the property. Assay results are summarized in
Table 1 and sample locations shown on Figure 1. Of the twenty-one
chip samples collected, 18 contained >1ppm Au and 19 contained
>0.1% Sb with discrete vein exposures returning up to
4.65 ppm Au, 70.5 ppm Ag and 19.1% Sb.
Table 1: Rock Sample Results from Antimony Ridge,
Valley County, Idaho
Sample ID |
Sample Type (1) |
Sample Length (m)(2) |
Au_ppm |
Ag_ppm |
Sb_% |
329000 |
Chip Transect |
4 |
2.44 |
2.5 |
0.13 |
329001 |
Chip Transect |
4 |
2.72 |
2.6 |
0.23 |
329002 |
Grab |
1 |
1.39 |
41.5 |
0.40 |
329003 |
Chip Transect |
4 |
3.68 |
303.0 |
2.72 |
329004 (3) |
Chip Transect |
4 |
0.60 |
1.5 |
0.38 |
329005 (3) |
Grab |
1 |
1.12 |
1.0 |
0.56 |
329006 |
Grab |
1 |
1.41 |
54.0 |
2.20 |
329007 |
Chip Transect |
5 |
2.10 |
3.0 |
0.53 |
329008 |
Grab |
1 |
4.01 |
9.6 |
0.67 |
329009 |
Grab |
1 |
1.60 |
1.2 |
0.08 |
329010 |
Chip Transect |
3 |
1.30 |
14.3 |
0.29 |
329011 |
Grab |
1 |
0.34 |
44.2 |
0.22 |
329012 |
Chip Transect |
2 |
0.87 |
9.0 |
0.06 |
329013 |
Grab |
1 |
2.61 |
22.6 |
1.55 |
329014 |
Grab |
0.5 |
1.33 |
367.0 |
13.75 |
329015 |
Grab |
0.5 |
4.65 |
70.5 |
19.15 |
329016 |
Chip Transect |
3 |
1.43 |
6.2 |
0.81 |
329017 |
Chip Transect |
4 |
1.81 |
1.2 |
0.26 |
329018 |
Chip Transect |
4 |
1.42 |
7.6 |
0.17 |
329019 |
Chip Transect |
4 |
2.42 |
10.6 |
0.41 |
329020 |
Chip Transect |
4 |
2.16 |
3.5 |
0.26 |
(1) Samples denoted “Chip Transect” were systematically sampled
across denoted exposure length. While efforts were made to collect
representative samples, sample results may not reflect true widths
and grades of mineralized materials. Samples denoted “Grab” were
selectively sampled from discrete zones of mineralization.(2)
Sample lengths are approximate and may not be representative of
true widths(3) Samples were partially composited by laboratory,
results may not be representative of in-situ mineralization
Mineralization at Antimony Ridge occurs as veins and
disseminations in pervasively oxidized granodiorite within a
northeasterly trending structural corridor oblique to the broader
Johnson Creek Shear Zone. Systematic rock chip sampling of the
upper trench and cut face identified broad zones of disseminated
and stockwork hosted gold-antimony mineralization over widths of
approximately 34m and 12m respectively, cross-cut by narrower
stibnite-quartz veins and shears containing higher grade
antimony-silver mineralization. Grab samples from stibnite and
quartz vein exposures in the lower trench are representative of
discrete, high-grade zones.
On the back of the strong results the Company mobilized
geologists to the Horse Heaven project to gather additional rock
sampling and undertake further geological mapping to expand known
limits of mineralization, validate historical data sets, improve
understanding of structural controls on mineralization and guide
future exploration activities on the Antimony Ridge target zone.
Updates on the additional work will be released when available.
Figure 1 – Grabs Sample Location on Antimony
Ridge
Quality AssuranceChip transect and
grab rock samples were collected from outcropping bedrock by
geological contractors using rock hammer and shipped under chain of
custody to ALS Chemex, Reno, NV. Samples were crushed, split and
pulverized to 85% passing 75um. Gold assays are by a 30g Fire assay
charge with AAS finish. Silver assays are by Aqua Regia with
ICP-AES finish. Antimony <1% is by is by ICP-AES. Antimony
>1% is by potassium chloride/HCl digest with AAS finish.
While efforts were made to collect representative samples, it
should be noted that surface rock samples and associated assays
reported herein, are selective by nature and therefore may not
necessarily be representative of true widths and grades of
mineralized zones.
Additionally, the Company announces that it has
engaged Volans Capital Corp. (“Volans”) of
Vancouver, BC, to provide digital marketing and advertising
services for a term of three (3) months commencing on November 15,
2023, pursuant to an agreement dated November 14, 2023, in
consideration of a one-time payment of USD $400,000.
Volans does not currently own any interest,
directly or indirectly, in the Company or its securities. The
agreement with Volans remains subject to approval of the TSX
Venture Exchange.
Qualifying Statement:William
Breen, (Registered Member 04203997 of SME), is the
Qualified Person as defined by NI 43-101, Standards of Disclosure
for Mineral Projects, who has reviewed and approved the scientific
and technical content of this press release. Mr. Breen is an
officer of the Company.
About Stallion Uranium
Stallion Uranium is working to Fuel the Future
with Uranium through the exploration of over 3,000 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company holds the largest contiguous project in the
Western Athabasca Basin adjacent to multiple high-grade discovery
zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties.
Stallion offers optionality with two gold
projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district
advancement with limited capital expenditures.
For more information visit
Stallionuranium.com
For further information
contact:
Drew ZimmermanChief Executive
Officer778-686-0973info@stallionuranium.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/31ac0fb9-a672-4bcb-b741-7035d01ef222
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