Stallion Uranium has completed 4,626 metres of drilling at its Coyote target within the Athabasca Basin in northern Saskatchewan, intersecting increased radioactivity that includes the company's highest peak response to date.

The latest drilling includes holes ML26-005 and ML26-006A. Hole ML26-005 intersected a 2.3-metre interval averaging 595 counts per second, with a peak response of 1,416 counts per second, as well as a 0.3-metre interval from 649.9 metres downhole averaging 648 counts per second with an 862 counts per second peak. Hole ML26-006A returned a 0.3-metre interval averaging 458 counts per second, with a peak response of 561 counts per second.

Encouraged by results from the 4,626 metres completed to date—representing approximately 84% of its previously planned 5,500-metre program—Stallion plans to expand total drilling at Coyote to approximately 6,750 metres before the end of the 2026 exploration season.

“The increasing radioactivity encountered at Coyote, including our highest peak response to date in ML26-005, represents another encouraging step forward as we continue to understand this system. Importantly, we are evaluating these results alongside the alteration, structural geology and geophysical data generated throughout the program. The continued progression at Coyote gives us the confidence to expand the program to approximately 6,750 metres and continue testing the system before the end of the season.”

“Coyote is demonstrating the value of that methodology, and Stone Island represents an opportunity to apply the same disciplined approach to another high-priority target within our portfolio. We believe maintaining this pipeline of advancing targets gives Stallion multiple opportunities for discovery across our Athabasca Basin land position.”

— Matthew Schwab, CEO

In parallel with the Coyote drilling, Stallion has mobilized crews to conduct a ground gravity survey over a high-priority target at its Stone Island Project. The survey is designed to detect subtle density variations associated with alteration systems and structural features prospective for uranium mineralization.

Stallion notes that gamma probe readings are preliminary and do not directly or uniformly relate to the uranium grades of the measured rock samples. All reported intervals represent drill hole depths rather than true thicknesses. Drill core samples from the 2026 program are being sent to the Saskatchewan Research Council Geoanalytical Laboratories for multi-element analysis.

Read the full announcement: Stallion Uranium Intersects Highest Radioactivity to Date at Coyote, Plans to Expand Drill Program to 6,750 Metres