Stearman Resources Acquires Zoo Bay Uranium Property - 19,850 Hectares in NE Athabasca
Zoo Bay Acquisition
Stearman Resources Inc. (now UraniumX Discovery Corp.) is pleased to announce the acquisition of the Zoo Bay uranium property, comprising 15 mineral claims totaling approximately 19,850 hectares in the northeast Athabasca Basin, Saskatchewan.
Property Highlights
Zoo Bay is the Company's largest land holding and is positioned in a highly prospective area:
- 19,850 hectares across 15 mineral claims, 100% owned
- Located in the northeast Athabasca Basin, within the Eastern Athabasca Discovery Corridor
- 60 km from Orano's McClean Lake mill - the only operating uranium mill in the region
- Shallow unconformity at 0-200m depth, significantly reducing potential drilling costs
- Adjacent to claims held by other active explorers in the district
Geological Context
The northeast Athabasca Basin is one of the most active uranium exploration districts globally, hosting significant recent discoveries including IsoEnergy's Hurricane deposit and multiple Cameco and Orano projects. The shallow unconformity depth at Zoo Bay provides a meaningful cost advantage compared to properties where the target horizon sits at 400m+ depth.
Strategic Significance
"Zoo Bay represents a significant district-scale opportunity," said management. "The combination of a large land position, shallow targets, and proximity to existing infrastructure creates compelling exploration economics. This acquisition positions us for a comprehensive exploration campaign."
Terms
The Company acquired 100% ownership of the Zoo Bay property. Full acquisition details are available on SEDAR+.
Qualified Person
The technical information in this news release has been reviewed and approved by a qualified person as defined by National Instrument 43-101.
Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.
Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.