Stallion Uranium Intersects Elevated Radioactivity and Alteration at Coyote; Continues Expanded Drill Program, Mobilizes Geophysical Survey
Early Coyote drill holes show classic uranium signatures, but lab assays and full program remain the real test; board resignation a minor distraction.
Stallion Uranium Corp. (STUD) released an update on June 30, 2026, regarding Phase 1 drilling at the Coyote target within its Moonlite Project. The company has completed approximately 3,527 meters of an expanded 5,500-meter program. The first three holes drilled on the main Coyote target encountered elevated radioactivity exceeding 300 cps, substantial hydrothermal alteration characterized by silica, clay, and brecciation, and strong structural features including a graphitic fault zone.
Based on these early visual indicators, Stallion Uranium had previously expanded the program from 4,000 meters to 5,500 meters in news released on May 27, 2026. The latest update confirms the continuation of these favorable signs. The company is mobilizing an expanded high-resolution ground SWML-TDEM survey to refine targeting for future holes and is currently awaiting laboratory geochemical assays on the drill core.
Separately, director Jay Martin resigned for personal reasons.
Stallion Uranium Corp. (STUD) released an update on June 30 that extends the narrative established in its May 27 announcement regarding an expanded drilling program. The company reported elevated cps readings and alteration, which are common pathfinders in the Athabasca Basin, but these findings do not constitute a new discovery. There is no new resource, no new assay data, and no new discovery associated with this release.
The board resignation noted in the update is a minor non-operational event. Given the company’s modest market capitalization of approximately $37 million, a material move would require a grade/thickness intercept rather than just scintillometer hits and alteration. This release serves as a routine operational update that maintains interest but lacks the materiality that would re-rate the stock.
Stallion Uranium Corp. (STUD) is a junior explorer focused on the Athabasca Basin in Saskatchewan, Canada. The company’s primary asset is the Moonlite Project, which covers approximately 1,700 km² (430,764 acres). Within Moonlite, the Coyote Corridor serves as the flagship target. It is a basement-hosted uranium prospect identified through a series of geophysical surveys, including VTEM, MobileMT, gravity, and ground EM. Coyote exhibits multiple conductive corridors, gravity lows, and structural complexity analogous to other major discoveries in the basin. The company also holds earlier-stage targets, including Lynx, Fishhook, and Stone Island.
The exploration thesis remains early-stage, with no mineral resource estimate currently in place. Drilling commenced for the first time at Coyote in February 2026.