Appia Begins Drilling at the Uranium-Bearing Loranger Property, Wollaston Lake, Saskatchewan, Canada

Rhea-AI Summary

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has commenced a diamond drilling program at its uranium-bearing Loranger property near the Athabasca Basin in Saskatchewan, Canada. The program targets favorable geophysical indicators intersecting the Tabbernor Fault system to discover conductors and alteration halos indicative of uranium mineralization. Up to 1,000 meters of drilling across 3 to 4 targets are planned. This follows a successful ground reconnaissance on the Eastside property completed last month. Operations, based in Points North, Saskatchewan, are expected to conclude within 18 days.

Positive

• Commencement of diamond drilling program at uranium-bearing Loranger property.
• Targeting favorable geophysical indicators intersecting the Tabbernor Fault system.
• Plans to drill up to 1,000 meters across 3 to 4 drill targets.
• Follows successful ground reconnaissance on Eastside property.
• Efficiently staged operations based 59 km south of the property.
• Program expected to be completed within an 18-day timeline.
• Potential enhancement of property value amidst favorable economic climate.

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - June 25, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program at the uranium-bearing Loranger property adjacent to the renowned Athabasca Basin. The goal of this program is to target favorable geophysical indicators intersecting the Tabbernor Fault system, with the primary objective of discovering conductors and alteration halos that may lead to uranium mineralization. The program will include up to 1,000 meters of drilling across 3 to 4 drill targets.

Stephen Burega, President of Appia, commented: "With the commencement of the Loranger drill program, Appia reconfirms its commitment to moving our uranium assets in Saskatchewan forward. Following the completion of a successful ground reconnaissance program on our Eastside property last month (see June 5^th 2024 Press Release), we now have a drill testing a number of intriguing conductors at the Loranger property aimed at uncovering uranium mineralization and key geological indicators to further our understanding of the project's potential."

The crew will be based at Points North, Saskatchewan, and operations are efficiently staged 59 km south near the property to optimize ground and airborne helicopter transportation throughout the program. The program is expected to be completed within an 18-day timeline.

The Loranger drill program marks a significant step forward in Appia's exploration endeavors in northern Saskatchewan, enhancing the potential of the property amidst a favorable economic climate.

Figure 1 - Operating Loranger Diamond Drill, Wollaston Lake, SK

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About Appia Rare Earths & Uranium Corp. (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See June 9th, 2023 Press Release - Click HERE) which is 40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11th, 2024 Press Release - Click HERE) The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 136.3 million common shares outstanding, 145 million shares fully diluted.

Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.appiareu.com

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (X, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here.

Contact:

Tom Drivas, CEO and Director 
(c) (416) 876-3957
(f) (416) 218-9772
(e) tdrivas@appiareu.com

Stephen Burega, President
(c) (647) 515-3734
(e) sburega@appiareu.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214269

FAQ

What is Appia Rare Earths & Uranium Corp's new drilling program about?

Appia has started a diamond drilling program at its uranium-bearing Loranger property near the Athabasca Basin in Saskatchewan, focusing on discovering conductors and alteration halos indicative of uranium mineralization.

When did Appia Rare Earths & Uranium Corp commence its drilling program?

Appia announced the commencement of its diamond drilling program on June 25, 2024.

Where is the Loranger property located?

The Loranger property is located near Wollaston Lake, adjacent to the Athabasca Basin in Saskatchewan, Canada.

What is the goal of Appia's drilling program at the Loranger property?

The goal is to target geophysical indicators intersecting the Tabbernor Fault system to discover conductors and alteration halos that may lead to uranium mineralization.

How many meters of drilling are planned at the Loranger property?

Appia plans to drill up to 1,000 meters across 3 to 4 drill targets.

What is the expected duration of Appia’s drilling program at Loranger?

The drilling program is expected to be completed within an 18-day timeline.

What is APAAF's current exploration focus?

APAAF is focusing on diamond drilling at the Loranger property to uncover uranium mineralization and key geological indicators.