Bullboard - Stock Discussion Forum ATHA Energy Corp V.SASK

Alternate Symbol(s): SASKF

Energy

ATHA Energy Corp. is a Canadian mineral company. The Company is engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. It holds portfolio including three 100%-owned post discovery uranium projects, including the Angilak Project located in Nunavut, and CMB Discoveries in Labrador, and basement hosted GMZ high-grade uranium discovery... see more

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ATHA Energy Corp > news is out

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Post by knoxt on Nov 25, 2024 9:06am

news is out

ATHA Energy Announces Assay Results From 2024 Angilak Exploration Program and Released Exploration Target Model for Lac 50 Deposit

MT Newswires - Nov 25, 2024 9:24 AM AST

08:24 AM EST, 11/25/2024 (MT Newswires) -- ATHA Energy (SASK.V), holder of the largest uranium exploration portfolio in two of the highest-grade uranium districts in the world, on Monday announced conclusions from its updated 2024 Technical Report on its 100%-owned Angilak Uranium Project in Nunavut.

According to a statement, conclusions from the report establish a baseline exploration target for the Lac 50 Deposit ranging between 60.8 million pounds and 98.2 million pounds U3O8 [uranium concentrate], with an average grade range between 0.37% and 0.48% -- restricted to drill results from the Lac 48, 50, 52, and 54 mineralized trends.

Monday's statement noted the updated 2024 technical report utilized information collected predominately from 2009 through to 2024 -- inclusive of assay results from the 2024 Angilak Exploration Program.

The company also announced assay results from its Phase I: diamond drilling campaign completed as part of the 2024 Angilak Exploration Program. It noted the 2024 Angilak Exploration Program resulted in the expansion of mineralized domains along the Lac 50 Trend where grades of up to 5.85% U3O8 over 0.5 m were intersected. Additionally, the program identified and expanded mineralization along parallel trends, defined as Lac 48, Lac 52, and Lac 54 Trends.

CEO Troy Boisjoli in the statement said: "ATHA was built with a large-scale vision that reflects our belief in the generational opportunity within the uranium sector and we believe our exploration program at Angilak exemplifies this approach. Rather than relying on incremental delineation at Angilak, the unique strength of our balance sheet amongst exploration peers and deep technical bench provided us the opportunity to design and successfully execute an exploration program seeking long-term value creation that give us both resolution on the future scale of Angilak and also significantly de-risks future exploration programs. We are extremely pleased with the outcome of this choice and believe these exploration results not only establish the large-scale resource potential at Angilak but also prove the viability of Nunavut as a tier 1 uranium jurisdiction globally."

SASK rose $0.02 or 3% to $0.68 last Friday.

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Comment by andre171 on Nov 25, 2024 10:09am

So these drilling results are promising, since we're talking about potential quantities of 61 to 98 million pounds for 43 million pounds at present. What do you think, especially those with technical knowledge in the field?

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