VANCOUVER, British Columbia, June 30, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce that Mr. Darren Slugoski has joined the Company as Vice President of Exploration, Canada and will be based in Saskatoon, Saskatchewan.
Mr. Slugoski holds a B.Sc. Honours degree in Geological Sciences from the University of Saskatchewan and has over a decade of mineral exploration experience. The majority of his experience has been focused on uranium exploration in Saskatchewan’s Athabasca Basin. This experience centres around Mr. Slugoski involvement in the discovery of Purepoint Uranium’s Spitfire deposit in the Western Athabasca Basin.
“We are excited to welcome Darren to our team. His profound knowledge and extensive experience in the Athabasca Basin, especially on the western side, will undoubtedly supercharge our exploration efforts for our Athabasca Basin properties. His addition to our team is very timely as we work to progress our exploration plan in the months ahead, with the geophysical interpretation results expected in the coming weeks,” stated Mr. Zimmerman, CEO of Stallion Discoveries.
Mr. Slugoski has extensive experience in managing and developing exploration programs across Western Canada including the Athabasca Basin (SK), Caribou Mining District (BC), La Ronge Gold Belt (SK), Great Bear Magmatic Zone (NT) and the Golden Triangle (BC). The majority of his professional experience has been dedicated to developing and managing exploration programs in the Athabasca Basin, with a specific focus on exploration in the world class Patterson Lake trend. Darren's exceptional skills and extensive experience will play a pivotal role in the advancement of Stallion’s exploration plan to unlock the potential of the Company’s Uranium projects.
Mr. Slugoski shares his enthusiasm for his new role, “I am thrilled to join Stallion’s dedicated team as we work towards the next significant discovery in the Athabasca basin,” stated Mr. Slugoski. He continued to state that “after reviewing the available data, I believe that the properties have been underexplored and have significant potential in the most prolific uranium region in the world. I look forward to working with the team to advance the exploration efforts towards discovery throughout the basin, but with a key focus on of the largest continuous land package in the Western Athabasca basin.”
Further, the Company has granted an aggregate 275,000 incentive stock options (the "Options") to an officer and investor relations provider of the Company. The Options are exercisable at $0.22 per share for a period of five years from the date of grant and are subject to vesting over a one-year term. The Options have been granted under and are governed by the terms of the Company's incentive stock option plan.
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
lstewart@stalliondiscoveries.com
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 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.
