Stallion Discoveries Highlights Uranium Target Areas from Airborne VTEM Data & Outlines Exploration Plan in the Western Athabasca Basin
32583566v1
700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Discoveries Highlights Uranium Target Areas from
Airborne VTEM Data & Outlines Exploration Plan in the Western
Athabasca Basin
Vancouver, British Columbia, September 18, 2023 – Stallion Discoveries Corp. (the "Company" or "Stallion")
(TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce the results on key projects from the 5,200
line-kilometre VTEMTM Plus survey completed last winter. The data was provided to Condor Consulting
(“Condor”) to complete advanced processing of the VTEM data in combination with compiled historical data.
The results include conductor picking, target prioritization and advanced magnetic processing of the new
data and integrating the historical magnetic data. The Company is also outlining their fall and winter
exploration plans for its Western Athabasca Basin uranium projects.
Stallion is very pleased with the VTEM results which demonstrate multiple areas that are responding similarly
to the F3 Uranium’s JR zone and Uranium Energy Corp oration’s Shea Creek Deposits. The regional
electromagnetic (“EM”) survey successfully identified several prospective areas across Stallion’s projects
with significant discovery potential. The EM anomalies identified by Condor will be followed up on with a
ground EM survey this fall. Along with the EM data, the advanced processing of the magnetic data identified
multiple structural complexities, as well as coincident magnetic lows, which have been known to represent
uranium alteration. The Company will begin delineating these areas and advancing them for Stallion’s maiden
drill program.
Four target zones have been identified to be followed up with exploration this fall and winter. The projects
are untested with drilling and have the potential opportunity to host undiscovered uranium corridors. These
additional targeted surveys will give Stallion the best opportunity to intersect uranium mineralization with
drilling in the winter. In addition, Stallion plans to complete a regional inductive passive EM survey over the
Stallion / Atha JV p rojects looking to extend existing conductive corridors onto this new frontier of
exploration in the Western Athabasca.
“Identifying these several highly prospective target areas across Stallion’s large land package gives us a strong
opportunity to discover the next significant uranium deposit in the basin,” stated Drew Zimmerman, Chief
Executive Officer. “Historically, our land package was largely overlooked but with the new mining methods
and technologies continuing to be developed, our projects are now becoming extremely relevant for future
uranium exploration. As the uranium market continues to strengthen, tied to ongoing concerns over future
uranium supply, we believe that this market provides the right condition s for uranium exploration at the
scale Stallion that has planned for the coming year. As a team we are incredibly excited about what lies ahead
in the coming months.”
Fall/Winter Exploration Plan Highlights
Phase 1
• Ground Time Domain Electromagnetic (“TDEM”) survey covering 142 line -kms over the Coffer
Project.
32583566v1
• Complete a 5,500 line-km regional inductive passive EM survey over Atha Energy JV Projects (Figure
4).
Phase 2
• Diamond drilling totalling 3,000 metres on the Coffer Project.
• Diamond drilling totalling 1,500 metres on the Gunter Lake Project.
Darren Slugoski, Vice President Exploration Canada commented “ Review of the data has highlighted some
highly prospective areas to be targeted with further exploration . The ground geophysical surveys expected
to be completed this fall will move our projects forward with drill ready targets. We are excited to be rapidly
moving towards the drilling phase of our exploration plan this winter as we systematically test our targets.
Additionally, our regional geophysical program on the Stallion / Atha JV projects will continue to define new
exploration corridors and push forward a new frontier of exploration in the Western Athabasca.”
Exploration Plan
The company is planning on completing a 2-phase exploration program over fall 2023 and winter 2024. Phase
1 exploration will consist of a 142 line-km ground TDEM survey over the Appaloosa, Mustang, and Clydesdale
target areas. The survey is planned to be completed this fall in Oct ober and November. The results will
significantly increase the resolutions of the conductor s, thus increasing the targeting probabilities of
intersecting mineralization and alteration. In conjunction with the ground TDEM survey, a regional airborne
passive EM survey will be completed on the Stallion / Atha JV Project. The survey will cover over 2,200 km2
of Stallion’s new frontier in the Western Athabasca and consists of over 5,500 line kms, giving the company
pivotal data over the underexplored project.
Following the ground EM survey, Phase 2 will consist of a 3,000 metre winter drilling program on the Coffer
project and 1 ,500 metre drill program at the Gunter Lake Project. The object ive will be to test the EM
anomalies on the Appaloosa, Mustang, and Coyote targets. The drilling phase will commence once ground
TDEM results have be completed and interpreted. The Company will be utilizing gamma probe and borehole
EM testing of the drill holes for additional information.
Target Areas
Appaloosa Target – Coffer Project
• The Appaloosa Target hosts a ~3km long conductor (Figure 1).
• The conductor is hosted in a gravity (Saskatchewan Assessment Report file 74K-0020) and coincident
magnetic low, which is known to correlation to uranium alteration.
• The conductor occurs sub-parallel to UEC’s Saskatoon Lake conductor, which hosts the Shea Creek
Project.
• Tensor Magnetotelluric Survey completed in 2008 by Orano Canada also identified the anomaly in
2008 (Saskatchewan Assessment Report file 74K03-0017).
Clydesdale Target – Coffer Project
• Complex structures identified in a UTEM 3 (Saskatchewan Assessment Report file 74K03 -0022) and
Combined Moving Loop Survey and Tensor Magnetotelluric Survey (Saskatchewan Assessment
Report file 74K03-0017) (Figure 1).
• Interpreted to be large conductive package hosting multiple conductive plates.
Mustang Target – Coffer Project
32583566v1
• Geologically complex, situated in a narrow magnetic low between edge of the Beatty River fault and
the basement ridge (Figure 2).
• Situated proximal to the Clearwater Domain which is believed to contribute to uranium
mineralization in the Western Athabasca basin.
Coyote Target – Gunter Lake Project
• The Coyote Target occurs on the most eastern block of the Gunter Lake project hosting one
conductor, which has ~5km metres of strike length (Figure 3).
• The conductor occurs as an East -West trending anomaly which cuts across the easter n claim block
and continuous onto the Stallion / Atha JV project.
Qualifying Statement:
The foregoing scientific and technical disclosures for Stallion Discoveries have been reviewed by Darren
Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of
Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.
About Stallion Discoveries
Stallion Discoveries 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 stalliondiscoveries.com or contact:
Lisa Stewart
Investor Relations
(604) 341-8177
Drew Zimmerman
Chief Executive Officer
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
32583566v1
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.
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 actua l 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, futur e
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.
32583566v1
Figure 1: Coffer Project – Appaloosa and Clydesdale Targets
32583566v1
Figure 2: Coffer Project – Mustang Target
32583566v1
Figure 3: Gunter Lake Project – Coyote Target
32583566v1
Figure 4: Stallion Discoveries Projects - Location Map