09:27 AM EDT, 07/21/2025 (MT Newswires) -- Stallion Uranium ( STLNF ) on Monday said results from an electromagnetic survey on the Coyote Target of its Moonlite Project suggests there is a new basement-hosted uranium discovery.

The target within the southwestern Athabasca Basin also spans claims held in partnership with Atha Energy ( SASKF ) , a statement said.

The survey revealed three distinct basement conductors, including two high-priority anomalies with strong conductance levels, directly comparable to those seen at major uranium discoveries, the company said.

"These results confirm the presence of strong basement conductors beneath the Athabasca Basin sandstone, with characteristics consistent with major uranium discoveries," said vice president of exploration, Darren Slugoski.

The project is 100% permitted for drilling and targeting is underway for the company's first drill test of the corridor.