Appia Acquires High-Grade Uranium Prospective Property Appia is pleased to announce 100 % acquisition of a group of contiguous mineral claims by staking in northern Saskatchewan. The new property, named the Eastside property (the "Property"), is located 50 km east of the Company's Loranger property and 85 km east of Cameco's Rabbit Lake mill and the eastern edge of the Athabasca Basin. The Property encompasses 4,736 hectares (11,702 acres), (see Figure 1).
Historic airborne and ground exploration was conducted on the property and surrounding area between 1968 and 1980. A 1975 airborne survey identified a 4-km wide radiometric anomaly on the Property. Follow-up ground prospecting programs located outcrops and boulders containing elevated concentrations of uranium within and peripheral to the radiometric anomaly. A total of 161 outcrop and boulder samples returned a range of 2 to 7,575 ppm uranium, producing an average grade of 360 ppm uranium. Twelve samples contained greater than 1,000 ppm uranium. Three outcrop samples along a 1.7 km geological strike returned 2,538 ppm, 6,650 ppm and 7,575 ppm uranium. Five boulders of similar lithological provenance to the outcrops, and located down-ice from the outcrops, returned greater than 1,000 ppm uranium (seeFigure 2).
Mr. James Sykes, VP exploration and development for Appia comments; "The recent acquisition of the Eastside property is another positive step-forward for Appia.
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