Stallion Uranium Corp. is expanding its drilling program at the Coyote Target within the Moonlite Project to a total of 5,500 metres [1].
This expansion indicates the company's confidence in the mineral potential of the Athabasca Basin in Saskatchewan. By increasing the scope of exploration, the company seeks to further define the scale and grade of uranium deposits at the site.
The announcement, made on May 27, 2026 [3], follows a series of positive drilling results from the initial program. The company had previously set the drill length at 4,000 metres [2] before deciding to increase the total distance to 5,500 metres [1].
The Coyote Target is part of the larger Moonlite Project located in the U.S. Athabasca Basin, a region known for hosting some of the world's highest-grade uranium deposits. The decision to extend the program allows the company to test additional targets and refine its geological model of the area.
Stallion Uranium is listed on the TSX Venture Exchange under the symbol STUD and trades on the OTCQB as STLNF [1]. The company issued the update from its base in Vancouver, British Columbia.
“Stallion Uranium Corp. is expanding its drilling program at the Coyote Target within the Moonlite Project to a total of 5,500 metres”
The expansion of the drilling program suggests that early data has confirmed the presence of promising mineralization. In the mining industry, increasing drill meters typically occurs when initial hits justify the additional capital expenditure to delineate a potential ore body. This move positions Stallion Uranium to potentially upgrade the resource classification of the Moonlite Project if the remaining 1,500 metres of drilling yield similar results.
