Stallion Uranium Corp. announced that they have released the Richmond Mountain gold project (the Project) back to Bronco Creek Exploration Inc. The Richmond Mountain project consists of 117 mining claims that cover over 950 hectares at the southern end of the Battle Mountain-Eureka Trend, located roughly 1km east of Eureka, NV. The target of the Project was the Paleozoic sedimentary formations or the Graveyard Flats intrusive, first identified from a Controlled Source Audio-frequency Magneto-Tellurics (CSAMT) geophysical survey, which indicated the presence beneath the volcanic cover.

A previous company completed a historical 2010 drill hole that reached 1,500 feet and bottomed within the post-mineralized volcanic cover. Stallion conducted a deep penetrating TITAN MT survey in 2023 that outlined the potential for the graveyard flats to begin just past the 1,500-foot depth. Stallion completed a drill hole, RM-24-001 to a depth of 2,282.8 feet, to test the new geophysical results.

The upper 673.8 feet comprised colluvium and overburden, followed by a sequence of volcanic rocks including tuff, rhyolitic tuff, andesite, and basalt interspersed throughout the remaining depth. Despite extending to 2,282.8-foot depth, the anticipated Paleozoic sedimentary formations or the Graveyard Flats intrusive were not intercepted and drilling was halted due to the unexpectedly deep volcanic cover. These results led to the decision to release the project.