Appia Completes Drilling at Loranger Property and Assays are Pending
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) has completed its drilling program at the Loranger property in Saskatchewan, Canada. The company drilled 714 meters and sent 42 samples to the Saskatchewan Research Council for analysis. Key findings include:
1. Intersection of radioactive (Uranium-Thorium)-REE pegmatites with visible monazite and potential uraninite.
2. Graphitic EM conductors with scintillometer readings up to 1,500 counts per second.
3. Visible monazite in drill hole #3, indicating potential for significant rare earth element mineralization.
The company expects to receive assay results within 6-8 weeks. Appia's President, Stephen Burega, expressed optimism about the findings, which validate their exploration models and highlight the property's potential for both uranium and rare earth elements.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) ha completato il suo programma di perforazione presso la proprietà Loranger in Saskatchewan, Canada. L'azienda ha perforato 714 metri e ha inviato 42 campioni al Saskatchewan Research Council per analisi. Le scoperte chiave includono:
1. Intersezione di pegmatiti radioattive (Uranio-Torio)-REE con monazite visibile e potenziale uraninite.
2. Conduttori EM grafitici con letture di scintillazione fino a 1.500 conteggi al secondo.
3. Monazite visibile nel foro di perforazione n. 3, indicante un potenziale per una significativa mineralizzazione degli elementi delle terre rare.
La società prevede di ricevere i risultati delle analisi entro 6-8 settimane. Il presidente di Appia, Stephen Burega, ha espresso ottimismo riguardo alle scoperte, che convalidano i loro modelli esplorativi e evidenziano il potenziale della proprietà sia per l'uranio che per gli elementi delle terre rare.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) ha completado su programa de perforación en la propiedad Loranger en Saskatchewan, Canadá. La empresa perforó 714 metros y envió 42 muestras al Saskatchewan Research Council para análisis. Los hallazgos clave incluyen:
1. Intersección de pegmatitas radiactivas (Uranio-Torio)-REE con monacita visible y posible uraninita.
2. Conductores EM grafíticos con lecturas de centelleo de hasta 1.500 conteos por segundo.
3. Monacita visible en el pozo de perforación n.º 3, indicando potencial para una mineralización significativa de elementos de tierras raras.
La compañía espera recibir los resultados de los análisis en un plazo de 6-8 semanas. El presidente de Appia, Stephen Burega, expresó optimismo sobre los hallazgos, que validan sus modelos de exploración y destacan el potencial de la propiedad tanto para uranio como para elementos de tierras raras.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF)는 캐나다 사스카추완의 로랑제르 재산에서 시추 프로그램을 완료했습니다. 회사는 714미터를 시추하고 42개의 샘플을 사스카추완 연구 협회에 분석을 위해 보냈습니다. 주요 발견 내용은 다음과 같습니다:
1. 가시적인 모나자이트와 잠재적인 우라나이트가 있는 방사성(Uranium-Thorium)-REE 페그마타이트의 교차.
2. 최대 초당 1,500 카운트의 스캐틀리노미터 판독값을 가진 그래파이트 EM 전도체.
3. 시추공 #3에서 가시적인 모나자이트가 발견되어 중요한 희토류 광물화를 위한 잠재성을 나타냅니다.
회사는 6-8주 이내에 분석 결과를 받을 것으로 기대하고 있습니다. Appia의 사장인 Stephen Burega는 발견에 대해 낙관적인 입장을 표시하며, 이는 그들의 탐사 모델을 검증하고 이 재산의 우라늄 및 희토류 원소에 대한 잠재력을 강조한다고 전했습니다.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) a terminé son programme de forage sur la propriété Loranger en Saskatchewan, Canada. L'entreprise a foré 714 mètres et envoyé 42 échantillons au Saskatchewan Research Council pour analyse. Les découvertes clés incluent :
1. Intersection de pegmatites radioactives (Uranium-Thorium)-REE avec de la monazite visible et un potentiel d'uraninite.
2. Conducteurs EM graphitiques avec des lectures de scintillomètre allant jusqu'à 1.500 comptages par seconde.
3. Monazite visible dans le trou de forage n° 3, indiquant un potentiel pour une minéralisation significative d'éléments de terres rares.
L'entreprise s'attend à recevoir les résultats des analyses dans un délai de 6-8 semaines. Le président d'Appia, Stephen Burega, a exprimé son optimisme concernant les résultats, qui valident leurs modèles d'exploration et soulignent le potentiel de la propriété tant pour l'uranium que pour les éléments des terres rares.
Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) hat sein Bohrprogramm abgeschlossen auf dem Loranger-Grundstück in Saskatchewan, Kanada. Das Unternehmen hat 714 Meter gebohrt und 42 Proben zur Analyse an den Saskatchewan Research Council geschickt. Wichtige Ergebnisse umfassen:
1. Schnittstelle von radioaktiven (Uran-Thorium)-REE-Pegmatiten mit sichtbarem Monazit und potenziellem Uraninit.
2. Grafit EM-Leiter mit Szintillometerwerten von bis zu 1.500 Zählungen pro Sekunde.
3. Sichtbarer Monazit im Bohrloch #3, was auf das Potenzial für eine signifikante Mineralisierung von seltenen Erdmetallen hinweist.
Das Unternehmen erwartet, die Analyseergebnisse innerhalb von 6-8 Wochen zu erhalten. Der Präsident von Appia, Stephen Burega, äußerte Optimismus über die Ergebnisse, die ihre Erkundungsmodelle validieren und das Potenzial des Grundstücks sowohl für Uran als auch für seltene Erden hervorheben.
- Successful completion of 714-meter drilling program at Loranger property
- Intersection of radioactive pegmatites containing visible monazite and potential uraninite
- Discovery of graphitic EM conductors with high scintillometer readings up to 1,500 cps
- Visible monazite observed in drill hole #3, indicating potential for significant REE mineralization
- Validation of exploration models and geophysical data
- Assay results not yet available, creating uncertainty about actual mineralization grades
Saskatchewan, Canada
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to provide an update on its Loranger drilling program. The drilling phase of this program has been successfully completed, and a total of 42 samples have been delivered to the Saskatchewan Research Council (SRC) for comprehensive whole-rock and rare earth element (REE) analysis.
In the recently concluded drilling campaign, which covered 714 meters, Appia achieved several significant findings. The drilling intersected radioactive (Uranium (U)-Thorium (Th))-REE pegmatites containing visible monazite and potential uraninite located within major reactivated graphitic structural zones. Notably, the program identified:
- Graphitic Electromagnetic (EM) Conductors: Significant intersections of graphitic EM conductors (Figure 2a) within favorable metasedimentary host rocks, with scintillometer readings reaching up to 1,500 counts per second (cps), indicating potential for uranium mineralization.
- Monazite Mineralization: Visible monazite (Figure 2b) was observed in drill hole #3 (24-LOR-003), a key discovery as monazite commonly hosts significant rare earth element mineralization in northern Saskatchewan.
Stephen Burega, President of Appia, commented, "The successful intersection of graphitic EM conductors and the presence of monazite-bearing pegmatites was an encouraging discovery for our exploration program. These findings validate our exploration models and highlight the promising potential of the Loranger property. Our team is eager to analyze the laboratory-tested assay results over the coming weeks."
Burega continued, "The drilling program targeted subsurface geophysical anomalies associated with graphitic conductors and potential alteration halos, which may lead to uranium mineralization and indicate the property's potential for both uranium and REEs. The intersections confirm our geophysical and geological models and suggest the possibility of significant mineralization similar to other zones found in the region, such as Fraser Lakes and Kulyk Lake, as well as deposits like Eagle Point, Maverick, and Gryphon in the eastern Athabasca Basin."
The 42 samples are currently undergoing detailed analysis at SRC and the Company expects to receive assay results within 6-8 weeks. Appia is enthusiastic about the progress and potential of the Loranger property and will continue to update stakeholders on future developments and exploration plans.
The technical content of this release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo., Senior Technical Advisor, and Qualified Person as defined by National Instrument 43-101.
Figure 1- Drill Collar Locations - Loranger Drill Program 2024, 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
Appia has 136.8 million common shares outstanding, 145.5 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.
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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/218196
FAQ
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