Stallion Uranium Begins Mobilization Efforts for Maiden Drill Program on Coffer Uranium Project 3,300 Meter Program to Test High Priority Appaloosa Target
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700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Uranium Begins Mobilization Efforts for Maiden Drill
Program on Coffer Uranium Project
3,300 Meter Program to Test High Priority Appaloosa Target
Vancouver, British Columbia, February 14, 2024 – Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V:
STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has begun mobilization efforts in preparation for
the Company’s maiden drill program on the high priority Appaloosa Target on its 100% owned Coffer Project in the
prolific Southwestern Athabasca Basin in Saskatchewan, Canada.
Highlights
• 3,300 meters across 3 holes in the Appaloosa Target Zone.
• The o bjective of the 2024 program is the discovery of uranium mineralization associated with the
conductive electromagnetic (EM) anomalies.
• Drill holes are targeting multiple stacked geophysical anomalies including conductive EM anoma lies,
gravity low anomalies and magnetic low anomalies.
• Stallion holds a 100% ownership of the project.
“We are incredibly excited to be starting the preparations for o ur maiden drill program, a key milestone for the
company. The Appaloosa target is incre dibly compelling and is born from our efforts over the past year . Our
strategy is to find multiple high potential tier one targets by completing effective regional surveys that map key
conductive corridors allowing our team to prioritize follow up surveys in preparation for drill testing,” stated Drew
Zimmerman, CEO. “This pragmatic approach gives our team high confidence in the Appaloosa target, while our
strategy will continue to develop additional tier one targets for drill testing.”
Drill Program
The program will be the first diamond drill program initiated on Stallion’s 100% owned Coffer Project. The
Company will utilize one drill to complete a 3,300-meter program between 3 holes on the Appaloosa target. The
target area hosts a ~6 km long EM cond uctor located on the contact between the Beaver lodge and Tal tson
geological domains. The contact between two domains is an optimal location for u ranium bearing fluid to
concentrate. The drill targets are along the identified EM conductor and will focus on coincident gravity and
magnetic lows associated with alteration which have the potential to host uranium mineralization. The results
from the recent ground EM survey are being plate modeled which will be integrated into the final drill targeting
models.
Stallion will be announcing any anomalous scintillometer results from the program as a preliminary indication of
the presence of radioactive materials if they are encountered. Final assay results will be released when available
and are expected in the summer of 2024 after lithogeochemical analysis is completed.
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The Coffer Project is located 224 km north of the community of La Loche and is accessible via highway 955. The
accommodations will be located 12 km away from the drill site and will be accessible by drill trails. The Company
has secured all necessary permits and approvals for the program.
“The 2024 d rilling program on the Coffer Project is the result of the analysis of multiple geophysical surveys ,
ensuring that we have located the target area with the highest potential to intercept uranium mineralization,”
commented Darren Slugoski, VP Exploration Canada. “The maiden drill program is the culmination and
continuation of a multi-year exploration strategy to find one or more deposits across our large land package.”
Appaloosa Target
The Appaloosa target is located at the north end of the 100% owned Coffer project and was first identified from
the regional VTEM survey conducted in early 2023. The survey data when compiled and modeled with all
available historical data showed the key characteristics for potential uranium mineralization. To best refine drill
targets Stallion utilized the latest technology to complete an advanced ground TDEM survey over the target area.
Further bolstering confidence in the target, the Shea Creek deposit (Orano/UEC) of over 93M lbs. is only 13km
west of the target area highlighting the uranium endowment in the area. The company is currently completing
the plate modeling for exact drill targets while the temporary work camp and trails will be constructed. This 3-
hole, 3,300 meter drill program at Appaloosa marks the companies first drilling campaign in its efforts to discover
the next significant uranium deposit in the Athabasca Basin.
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Figure 1 – Stallion’s Coffer Project – Appaloosa Target Area
Qualifying Statement:
The foregoing scientific and technical disclosures for Stallion Uranium 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 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 , with JV partner
Atha Energy (CSE:SASK), holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple
high-grade discovery zones.
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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 or contact:
Drew Zimmerman
Chief Executive Officer
778-686-0973
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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
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