Appia Confirms Discovery of Uranium and Rare Earth Element Mineralization in Exploratory Drill Holes at the Loranger Project, Saskatchewan, Canada
Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element (“REE”) and uranium sectors,
Toronto, Ontario–(Newsfile Corp. – September 26, 2024) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the “Company” or “Appia“) is pleased to announce the confirmation of intersecting uranium (U) and rare earth elements (REE) mineralization while drill testing the potential of three (3) exploratory targets at the southern limits of Appia’s Loranger property located south of Wollaston Lake, Saskatchewan. The drill results, analyzed and verified by the Saskatchewan Research Council (SRC) Laboratories in Saskatoon, confirm the Company’s early-stage geological hypotheses to locate a set of subsurface, variable length (2.2 to 2.5 km) electromagnetic (EM) conductors (Figure 1) favorable for U and REE mineralization. The success of this drilling program highlights the potential of the Loranger property as a dual-commodity property within Appia’s portfolio.
Highlights of the 2024 Assay Results:
- Uranium Mineralization:
- Drill Core 24-LOR-003: 0.10 m of 409.11 ppm (0.04 wt%) U3O8 from 171.31 m to 171.41 m, confirming the presence of uranium alongside rare earth elements within the same 2.2 km electromagnetic conductor / Tabbernor Fault intersection.
- Rare Earth Element (REE) Mineralization:
- Drill Core 24-LOR-003: 0.18 m of 0.56 wt.% TREO from 154.02 m to 154.10 m, including a 0.10 m interval of 0.80 wt.% TREO, confirming the presence of rare earth elements between the northeast trending 2.2 km EM conductor and N-S trending Tabbernor Fault (Figure 1).
- Drill Core 24-LOR-003: 0.10 m of 0.36 wt.% TREO from 171.31 m to 171.41 m.
Additionally, 20 more samples within hole 24-LOR-003 returned REE values greater than 0.10 wt.% TREO, signifying sporadic rare earth element mineralization within this area. Full assay results click here.
Stephen Burega, President of Appia, stated, “We are excited to announce the confirmed discovery of uranium and rare earth elements mineralization in our first exploratory drill holes within the southwestern block of the Loranger property. These results not only confirm our geologic hypotheses but also highlight the potential for further discovery along the set of variable length (2.2 to 2.5 km) EM conductors, giving our team new drill targets for future programs.”
Importance of Loranger’s Location for Uranium and REE Mineralization:
The Loranger property’s location is strategically significant due to its proximity to the prolific uranium-bearing Athabasca Basin (Figure 2). The Athabasca Basin is renowned for its uranium deposits and nearby rare earth element discoveries, positioning itself as a major source of global uranium production. As a result of the Loranger 2024 diamond drilling program, Appia has confirmed both commodities are present on this property, validating the potential for further discoveries within the Company’s early-stage geological model.
Next Steps:
Encouraged by the positive results, Appia plans to initiate a follow-up program at Loranger to investigate these findings further and expand its work efforts within the proximate area, specifically southwest along strike of the 2.2 km electromagnetic conductor, and within the proximate conjunction between it and the local Tabbernor Fault. This subsequent work will focus on delineating the extent of both uranium and rare earth element mineralization and evaluating the potential for additional discoveries.
Appia remains committed to transparency and will continue to update shareholders and the public as exploration progresses. We look forward to sharing further developments and enhancing our understanding of the Loranger property’s value.
Summary assay tables are presented below. Click here to access the full, detailed geochemical assay results, providing comprehensive information on the highlighted drill hole samples identified during the 2024 Loranger Diamond Drilling Program.
The Eastside Project is strategically located east of the prolific uranium-bearing Athabasca Basin region of Saskatchewan, Canada. This area is renowned for its significant uranium deposits, surrounding rare earth element plays, and favorable geological conditions that have historically led to high-grade uranium discoveries.
The Loranger Property is situated in close proximity to several known uranium and REE deposits and mineralization trends, notably the Rabbit Lake and Eagle Point deposits. The Loranger project area is 26,409 hectares and is 100% owned by Appia. Based on previous and current geological exploration programs, the project area has been identified as prospective for uranium and rare earth element (REE) mineralization.
To view the full press release, visit https://ibn.fm/uqfnS
About Appia Rare Earths & Uranium Corp.
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, which is 40,963.18 hectares in size and located within the Goiás State of Brazil. The company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property and is 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 in Saskatchewan and also has a 100% interest in 13,008 hectares with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. For more information about the company, please visit www.AppiaREU.com.
NOTE TO INVESTORS: The latest news and updates relating to APAAF are available in the company’s newsroom at https://ibn.fm/APAAF
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