お知らせ • Jul 28
Appia Announces Exploration Update and Completion of Record 2022 Drilling Program of 17,481 Metres At Alces Lake Rare Earth Property, Northern Saskatchewan
Appia Rare Earths & Uranium Corp. announced that the Company has completed the initial phase of the 2022 drilling /exploration program on the 100%-owned Alces Lake high-grade rare earth elements and gallium property, Athabasca Basin area, northern Saskatchewan. Highlights: Record metreage (17,481 meters) drilled in record time (4 ½ months) - Additional delineation drilling on the high-grade mineralization in WRCB discovery including previously undrilled monazite targets at Danny and Wilson/Wilson North - Initial delineation drilling on the discoveries at Magnet Ridge (formerly Augier) and Magnet Ridge West included 44 holes and a total 7,344 meters drilled - First drilling on highly prospective anomalies at the West Limb (see map, Figure 1) - Drilling on the Western Anomaly at Sweet Chili Heat, Diablo and Buffalo to follow-up on 2021 assay results - A new high resolution aerial survey program of 4,864 line km (radiometric and aeromagnetic) to be flown over the new Alces Lake claims added in 2021 - Planning commenced for upcoming 2022/23 uranium exploration activities. Appia has completed drilling of 100 holes in 2022 for a record total of 17,480.9 meters. This was accomplished in just four and a half months, as compared to the 2021 program which took over five months to drill 8,076 meters and 100 holes. The exceptional drilling progress resulted in Appia achieving the drilling goals much faster than anticipated. The last of the core samples for assay are being prepared before being sent out to the two labs which are processing the Alces Lake samples. Appia anticipates receiving assay results from the early part of the 2022 drilling program in the near future and will evaluate and analyze these in-house prior to public release. In the 2022 drilling program, a total of 37 holes were drilled into WRCB to continue delineation of the high-grade REE mineralization and also delineate previously undrilled targets in Danny (adjacent to WRCB) as well as additional drilling into the Wilson/Wilson North zone. New WRCB drilling also extended the trend of the REE mineralization by approximately 120 meters along strike to a total of 280 meters of strike-length mineralization. The WRCB accumulation remains open in both the northwest and southeast directions. The most significant new drilling in 2022 was in the Magnet Ridge (previously Augier) area, located approximately 1.5 kilometers south-southeast of WRCB on a well defined regional geologic corridor. A total of 34 holes (5,318 meters) were drilled into the primary Magnet Ridge target that outcrops on surface. A nearby (and possibly geologically related) prospect on Magnet Ridge West saw another 10 holes (2,025.9 meters) drilled. The rocks in these two prospects appear to be geologically similar to the 2021 discovery AMP zone at WRCB, which also outcrops on surface. Appia is waiting on Magnet Ridge and Magnet Ridge West assay results to evaluate and analyze these exciting new zones. Drilling on-trend and in-between WRCB and Magnet Ridge was also conducted, with 5 holes and 1,044 meters of drilling done, primarily at the Strocen prospect. Keying off results in the WRCB Magnet Ridge trend on the eastern limb of the large regional fold at Alces Lake, Appia conducted the first drilling program on the previously undrilled West Limb. Six holes with a total of 1,014.9 meters were drilled and encountered indications of elevated radioactivity. Lastly, drilling of five holes was conducted on the Western Anomaly. Following up on the 2021 assay results for this new exploration area, two holes (393 meters) were drilled at Sweet Chili Heat, two holes (393 meters) at Diablo and one hole (166.5 meters) at Buffalo. Mineralization was encountered in all three target areas and assay results will be analyzed and evaluated once received, however it is clear that more work needs to be done to better understand these accumulations of rare earth elements. Update on 2022 Exploration Program: Alongside the record Alces Lake drill program Appia conducted a prospecting and sampling program to continue evaluating the properties extensive inventory of radiometric anomalies. Some of the 2022 drilling, notably the West Limb, came about as a result of the field work done early in the 2022 season. Following the results of the 2021 aerial geophysics survey, Appia more than doubled the acreage of the Alces Lake claims blocks. Appia is about to embark on a total 4,864 line km of high resolution radiometric and aeromagnetic surveys over three unsurveyed sections of the Alces Lake block. The northwest portion of the block has a planned 2,152 line km, the south portion of the block will have 2,487 line km surveyed and the eastern side of the claims block will have an additional 225 line km collected. The aerial surveys are expected to be completed in August 2022, weather permitting. Appia also expects to provide an update in the near future on plans for the 2022/23 uranium exploration program on the claims blocks located on the eastern edge of the Athabasca Basin. Update on Maiden Resource Estimate: As previously disclosed, Appia is working towards a maiden resource estimate for the area. Industry delays through 2021 continue into 2022 for receipt of assay results. Appia has engaged the services of a second assay lab to process the increased volume of samples that were generated by the 2022 drilling program. It is expected that the maiden resources estimate will initially be for the WRCB and Magnet Ridge areas. Timing of the report has yet to be determined but is likely closer to the end of Q1/2023, depending on industry activity.
