- Appia Energy (API) plans to start summer exploration programs by mid-June at three of the company’s Canadian projects
- The company plans “aggressive exploration activities” on the high-grade critical rare earth elements at the Alces Lake project in Saskatchewan
- An exploration team has already been deployed to the Alces Lake project, where less than 1 per cent of the project area has been explored with diamond drilling
- The 2021 exploration activities are fully-funded
- Appia Energy is down 4.27 per cent, trading at C$1.12 at 12:38 pm ET
Appia Energy (API) plans to start summer exploration programs by mid-June at three of the company’s Canadian projects.
The Toronto-based mineral exploration company plans “aggressive exploration activities” on the high-grade critical rare earth elements Alces Lake project in Saskatchewan.
It is taking a similar approach with the North Wollaston and Loranger uranium projects, located in the Athabasca Basin area of northern Saskatchewan.
An exploration team has already been deployed to the Alces Lake project, where less than 1 per cent of the project area has been explored with diamond drilling. A new all-weather camp has also been constructed at Alces Lake, which will allow exploration and drilling activities to continue well into the fall and winter.
Work will include more than 6,000 metres of helicopter-supported diamond drilling with two diamond drill rigs focused on discovering new high-grade zones and delineating the extent of known high-grade REE mineralization, as well as flying a high-resolution airphoto survey.
The company is fully-funded for the 2021 program and committed to completing the largest exploration and diamond drilling program on the project to date.
The company has contracted two 200-metre line-spaced helicopter-borne VTEM, horizontal magnetic gradiometer, and radiometric geophysical surveys over the entire North Wollaston project and over the southern three mineral dispositions of the Loranger project.
The surveys will better define the conductive zones previously identified from historic airborne electromagnetic surveys and highlight areas of potential surface uranium mineralization using modern radiometric techniques.
Appia Energy is down 4.27 per cent, trading at C$1.12 at 12:38 pm ET.
