STOCK TITAN

Appia Successfully Concludes Diamond Drilling Program Intercepting Potential Highgrade Mineralization on all three Drillholes in Goias, Brazil

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Appia Rare Earths & Uranium has completed its diamond drilling program in the SouthWest Extension Zone of Target IV at its Ionic Adsorption Clay project in Goias, Brazil. The program consisted of three drillholes totaling 450.7 metres, successfully intercepting carbonatitic breccia and highly altered hardrock zones. Previous drilling in the area revealed high-grade clay material with up to 9.3% Total Rare Earth Oxide (TREO) and averaging over 2.7% TREO over 0-24 metres. The company anticipates similar grades in the hardrock mineralization at depth. The preliminary geological interpretation shows Hydrothermalized Carbonatitic Breccia remaining open at depth, with assay results expected in approximately 30 days.

Appia Rare Earths & Uranium ha completato il suo programma di perforazione a diamante nella Zona di Estensione Sud-Ovest dell'Obiettivo IV presso il progetto di Argilla Adsorbita Ionica a Goias, Brasile. Il programma ha consistito in tre perforazioni per un totale di 450,7 metri, intercettando con successo breccia carbonatitica e zone di roccia dura altamente alterate. Le perforazioni precedenti nell'area hanno rivelato materiale di argilla di alta qualità con fino al 9,3% di Ossidi Totali di Terre Rare (TREO) e con una media superiore al 2,7% di TREO su 0-24 metri. L'azienda si aspetta gradi simili nella mineralizzazione della roccia dura in profondità. L'interpretazione geologica preliminare mostra che la Breccia Carbonatitica Idrotermale rimane aperta in profondità, con i risultati delle analisi attesi tra circa 30 giorni.

Appia Rare Earths & Uranium ha completado su programa de perforación de diamante en la Zona de Extensión Suroeste del Objetivo IV en su proyecto de Arcilla de Adsorción Iónica en Goias, Brasil. El programa consistió en tres perforaciones con un total de 450,7 metros, interceptando con éxito brecha carbonatítica y zonas de roca dura altamente alteradas. Las perforaciones anteriores en el área revelaron material de arcilla de alta calidad con hasta 9,3% de Óxido Total de Tierras Raras (TREO) y un promedio superior al 2,7% de TREO en 0-24 metros. La empresa anticipa grados similares en la mineralización de roca dura a profundidad. La interpretación geológica preliminar muestra que la Brecha Carbonatítica Hidrotermal sigue abierta a profundidad, con resultados de ensayos esperados en aproximadamente 30 días.

Appia Rare Earths & Uranium는 브라질 고이아스에 있는 이온 흡착 점토 프로젝트의 목표 IV의 남서 확장 구역에서 다이아몬드 시추 프로그램을 완료했습니다. 이 프로그램은 총 450.7 미터의 세 개의 시추 구멍으로 구성되어 있으며, 성공적으로 카보나타이트 브레치아와 고도로 변화된 경암 구역을 intercept했습니다. 이 지역의 이전 시추에서는 최대 9.3% 총 희토류 산화물 (TREO)를 포함하는 고품질 점토 물질이 드러났고, 0-24 미터에서 평균 2.7% TREO를 기록했습니다. 회사는 깊이에서 경암 광물화에서도 유사한 등급을 예상하고 있습니다. 초기 지질 해석에서는 수열 카르보나타이트 브레치아가 깊이에서 열려 있는 것으로 나타났으며, 분석 결과는 약 30일 이내에 나올 것으로 예상됩니다.

Appia Rare Earths & Uranium a complété son programme de forage diamant dans la Zone d'Extension Sud-Ouest de l'Objectif IV, dans le cadre de son projet d'Argile d'Adsorption Ionique à Goias, au Brésil. Le programme se composait de trois forage d'un total de 450,7 mètres, interceptant avec succès une brèche carbonatitique et des zones de roche dure fortement altérées. Les forages précédents dans la région ont révélé un matériau d'argile de haute qualité avec jusqu'à 9,3% d'Oxyde Total de Terres Rares (TREO) et une moyenne de plus de 2,7% TREO sur 0-24 mètres. L'entreprise prévoit des grades similaires dans la minéralisation de la roche dure en profondeur. L'interprétation géologique préliminaire montre que la Brèche Carbonatitique Hydrothermale reste ouverte en profondeur, avec des résultats d'analyse attendus dans environ 30 jours.

Appia Rare Earths & Uranium hat sein Diamantbohrprogramm in der Südwest-Extension-Zone von Ziel IV bei seinem Ionischen Adsorptions-Tonprojekt in Goias, Brasilien, abgeschlossen. Das Programm bestand aus drei Bohrlöchern mit insgesamt 450,7 Metern, die erfolgreich carbonatitische Brekzie und hochgradig veränderte Hartgesteinszonen durchdrangen. Frühere Bohrungen in dem Gebiet zeigten hochwertiges Tonsmaterial mit bis zu 9,3% Gesamtanteil seltener Erden (TREO) und einem durchschnittlichen Wert von über 2,7% TREO über 0-24 Meter. Das Unternehmen erwartet ähnliche Gehalte in der Hartgesteinsmineralisierung in größerer Tiefe. Die vorläufige geologische Interpretation zeigt, dass die hydrothermalisierte carbonatitische Brekzie in der Tiefe offen bleibt, wobei die Analyseergebnisse in etwa 30 Tagen erwartet werden.

Positive
  • Previous drilling revealed high-grade mineralization with up to 9.3% TREO
  • Average TREO content of 2.7% over 0-24 meters in previous drilling
  • Successfully intercepted target mineralization in all three drillholes
  • Mineralization remains open at depth, indicating expansion potential
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the conclusion of its diamond drilling program in the SouthWest Extension Zone of Target IV at its Ionic Adsorption Clay (IAC) project in the State of Goias, Brazil. The three drillholes (see Map 1) were completed for a total of 450.7 metres, and successfully intercepted the anticipated carbonatitic breccia and highly altered hardrock zones in all three drillholes, indicating the continuation of the highgrade mineralization first identified in previously completed reverse circulation drill holes (See press releases dated October 31st, 2023 and January 16, 2024).

Highlights:

  • Hole PCH-DDH-002, total depth of 150.0metres - Regolith fom 0 to 37.4m, Breccia from 37.4 to EOH
  • Hole PCH-DDH-003, total depth of 147.7metres - Regolith fom 0 to 49.9 m, Breccia from 49.9 to EOH
  • Hole PCH-DDH-004, total depth of 153.0metres - Regolith fom 0 to 45.0 m, Breccia from 45.0 to EOH
  • The three drillholes presented substantial hydrothermal alteration and local sulfidation within the breccia.

Stephen Burega, President, stated, "The program successfully identified carbonatitic breccia below the previously reported highgrade clay material with up to 92,758 ppm or 9.3% and averaging over 27,000 ppm or 2.7% Total Rare Earth Oxide (TREO) over 0-24 metres. (See press release January 16, 2024) And we anticipate a continuation of similar grades below this zone in the hardrock mineralization at depth. This presents an exceptional opportunity to further showcase Target IV and the entire PCH project, for both IAC and primary mineralization potential."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_001.jpg

Map 1 - Location of concluded drillholes PCH-DDH-002, PCH-DDH-003 and PCH-DDH-004.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_001full.jpg

The preliminary geological interpretation is presented in Figure 1 showing the extent of the Hydrothermalized Carbonatitic Breccia, which remains open at depth. Sampling is under way and assay results are expected in +/- 30 days.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_002.jpg

Figure 1 - Preliminary Geological Core Interpretation for the Carbonatitic Breccia.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_002full.jpg

On March 1st, 2024, the Company announced its maiden Mineral Resource Estimate (MRE) on Target IV and the Buriti Zone (Click here for the Press Release), and the companion NI 43-101 technical report on the PCH Project was filed on April 16th, 2024. (Click here for the Press Release).

The technical information in this news release, including the information related to geology, drilling, and mineralization, has been reviewed and approved by Andre L. L. Costa, Appia's VP Exploration for Brazil, with more than 30 years of relevant experience. Mr. Costa is a APEGS Professional Geoscientist (P.Geo.) and a Fellow of Australian Institute of Geoscientists (FAIG), a Qualified Person (QP) as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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 149.4 million common shares outstanding, 170.8 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
(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/229583

FAQ

What were the results of Appia's (APAAF) diamond drilling program in Goias, Brazil?

Appia completed three drillholes totaling 450.7 metres, successfully intercepting carbonatitic breccia and highly altered hardrock zones in all holes, indicating continuation of high-grade mineralization previously identified.

What was the TREO grade discovered in Appia's (APAAF) previous drilling at Target IV?

Previous drilling revealed high-grade clay material with up to 9.3% TREO and averaging over 2.7% TREO over 0-24 metres.

When will Appia (APAAF) receive the assay results from their recent diamond drilling program?

Assay results from the recent diamond drilling program are expected in approximately 30 days from the announcement date.

APPIA RARE EARTHS URANIN

OTC:APAAF

APAAF Rankings

APAAF Latest News

APAAF Stock Data

7.77M
132.10M
23.83%
Uranium
Energy
Link
United States of America
Toronto