- Appia Rare Earths & Uranium Corp. (CSE:API) has begun a diamond drilling program at its Loranger property near the Athabasca Basin in Saskatchewan
- The program will target favourable geophysical indicators that intersect the Tabbernor Fault system, with the primary objective to discover conductors and alteration halos that the team hopes would lead to uranium mineralization
- The Loranger drill program represents a significant advancement in Appia’s exploration efforts in the northern part of the province, enhancing the property’s potential
- Appia Rare Earths & Uranium Corp. stock opened trading at $0.11
Appia Rare Earths & Uranium Corp. (CSE:API) has begun a diamond drilling program at its Loranger property near the Athabasca Basin.
The program will target favourable geophysical indicators that intersect the Tabbernor Fault system, with the main goal to discover conductors and alteration halos that the team hopes would lead to uranium mineralization. The program will include up to 1,000 metres of drilling across three to four drill targets and is expected to be complete within 18 days.
The crew will be stationed at Points North, Saskatchewan, with operations staged 59 km south, close to the property, working to optimize ground and airborne helicopter transportation throughout the program. The Loranger drill program represents a significant advancement in Appia’s exploration efforts in the northern part of the province, enhancing the property’s potential in a favourable economic climate.
“With the commencement of the Loranger drill program, Appia reconfirms its commitment to moving our uranium assets in Saskatchewan forward,” Appia’s president, Stephen Burega, said in a news release. “Following the completion of a successful ground reconnaissance program on our Eastside property last month, we now have a drill testing a number of intriguing conductors at the Loranger property aimed at uncovering uranium mineralization and key geological indicators to further our understanding of the project’s potential.”
Appia Rare Earths & Uranium Corp. focuses on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the Athabasca Basin.
Appia Rare Earths & Uranium Corp. (CSE:API) stock opened nearly 5 per cent higher, trading at $0.11.
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(Top image: Appia Rare Earths & Uranium Corp.)