Standard Uranium Ltd. [TSXV: STND; OTCQB: STTDF; FSE: 9SU0] reported that drilling activities have begun at the company’s 12,364-hectare Corvo Uranium Project located near Wollaston Lake, southeastern Athabasca basin, northeastern Saskatchewan. Field crews arrived at the project on February 6 and drilling began on schedule, February 9.
The project is under a three-year earn-in option agreement with Aventis Energy Inc. [CSE: AVE]. Under the option agreement, Aventis has been granted an option to earn a 75% interest in the Project by funding CAD$6M in exploration expenditures over three years. The drill program will be funded by Aventis and operated by Standard Uranium.
Highlights: Drilling activities began February 9, 2026. Approximately 2,500-3,000 metres are planned across eight to 10 drill holes targeting shallow high-grade basement-hosted uranium mineralization, beginning with the Manhattan target area. The program is anticipated to span five to six weeks.
Robust & Shallow Drill Targets: Drill plans comprise road accessible skid-supported diamond drilling focused on high-priority uranium targets refined by geophysical work completed by the Company in 2025, bolstered by recent prospecting and confirmation of strong radioactivity at surface (up to 8.10% U3O8 grab samples at Manhattan1) within ideal uranium host rocks.
Untapped Uranium Potential: One diamond drill will focus on high-priority target areas along prospective XciteTM electromagnetic (EM) corridors overlain by high-resolution ground gravity data with the proven exploration thesis of focusing on major conductor trends associated with cross-cutting faults and surficial radioactivity expressions.
Fully Funded: Aventis Energy will fund 100% of the program to meet the year-one expenditure requirements under the Option.
“The team and I are thrilled to announce that the drill is spinning on the Corvo project for the first time in more than 40 years, kicking off our winter exploration season,” said Sean Hillacre, President & VP Exploration, “This program also marks the first drill holes ever at the Manhattan showing, which returned uranium grades up to 8.10% U3O8 in surface samples from our prospecting program in 2025.”
The Standard Uranium team arrived on site February 9, 2026, and diamond drilling on the first hole at Corvo in more than 40 years is currently underway. The winter program will comprise approximately 2,500 to 3,000 metres of drilling at high-priority target areas following completion of TDEM and ground gravity surveys, and geophysical modeling last year. Corvo covers an area of 12,364 hectares across 14 mineral claims, located along highway 905 on the eastern margin of the Athabasca Basin.
Targets were selected and prioritized through an iterative approach working in collaboration with Convolutions Geoscience Corp. Recent prospecting and mapping across the Project outlined multiple outcrops of favourable uranium host-rocks, including radioactive metasediments and orthogneiss. Structural measurements and radioactivity mapping has further refined drill targets in the 2026 target areas.
Targets are ranked and prioritized based on geophysical signature, geological/structural setting, proximity to surficial uranium occurrences of interest, and the company’s recent prospecting and mapping campaign.
Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in one of the world’s premier uranium districts. The company holds interest in over 241,652 acres (97,793 hectares) in the Athabasca Basin of Saskatchewan. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.
Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises 10 mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.
Standard Uranium’s eastern Athabasca projects comprise over 53,166 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.
Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.
Source: Resource World Magazine – Read More
