Appia Energy is pleased to announce the acquisition of two groups of contiguous mineral claims in the Athabasca Basin area in northern Saskatchewan.
The "Otherside" and the "Loranger" properties were staked on the basis of similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the Basin: Fission Uranium Corp’s Triple R deposit, NexGen Energy’s Arrow deposits, and others.
The Otherside property encompasses 21,868 ha. (54,037 acres), straddles a 40 km-long corridor hosting multiple discrete conductors with associated magnetic gradients and gravity lows, within the north central Athabasca basin.
The Loranger property comprises 24,755 ha. (61,171 acres), centered on 4 individual conductors with an aggregate length of 84 km of which 82 km is untested. The property is hosted within the basement rocks of the Wollaston Domain, near the deposit rich eastern margin of the Basin.
Exploration of these properties will be under the direction of James Sykes, who was recently appointed by Appia as Director of Saskatchewan Operations. James is a geologist specializing in uranium exploration in the Basin, and was directly involved in several of the recent major uranium discoveries within the region.
Appia intends to carry out ground gravity and resistivity surveys over the primary target areas within the Otherside property in order to elevate the property to a drill-ready status. Appia also intends to carry out a VTEM airborne geophysical survey of the Loranger property, followed by a ground gravity survey over priority areas to bring the property to a drill-ready status.
The Company now has interests in 83,037 hectares (205,185 acres) of claims in the Athabasca Basin, some in the vicinity of Patterson Lake South as well as in other parts around the Basin.
In Ontario, Appia controls 13,008 hectares (32,143 acres), including Rare Earth and Uranium Deposits, over five mineralized zones in the Elliot Lake Camp, which historically produced over 300 million pounds of U3O8, and is the only Canadian camp that has had significant Rare Earth Element production.