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Appia Rare Earths & Uranium Receives Positive Assays Results - Announces Plans to Proceed with the Acquisition of Ionic Clay Project, Brazil
269 Samples Show Positive Correlation to Vendor's Results Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQ
About this update from Appia Rare Earths & Uranium Corp
[{"type":"text","content":" 269 Samples Show Positive Correlation to Vendor's Results Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (FSE: A0I0.F) (FSE: A0I.MU) (FSE: A0I.BE) (the \"Company\" or \"Appia\") has received a partial set of results from their 15 hole due diligence drilling program completed in April 2023 that confirm the continuity of grade between this representative sample and the Vendor's assay results on The Cachoeirinha Project (the \"PCH Project\") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil. (Click here for the Press Release). \"As previously announced, we drilled 15 auger holes twinning a representative mix of trenches, drill and auger holes across the western portion of the property and the partial assay results received from the SGS Geosol labs in Brazil have now confirmed that the data presented by the Vendor is accurate and acceptable to Appia's Management and the Board,\" stated Stephen Burega, President of Appia. He continued, \"I am extremely pleased to announce that the Company intends to finalize the previously announced Letter Agreement (see March 7, 2023 Press Release) to acquire up to a 70% ownership interest in the PCH project and move to signing a binding Shareholder's Agreement.\" \"Based on my review of the work completed to date by Appia and the Vendor, the PCH project is an ionic abosortion clay structure covering a large project area with significant potential,\" stated Mr. Don Hains, industrial mineral expert and consulting geologist to Appia. Appia and the Vendor are also currently working with SGS Canada to undertake initial mineralogy testing on samples from the PCH property, and anticipate submitting additional samples over the next quarter. Once the Shareholder's Agreement has been executed, Appia plans to commence an initial work program in early July 2023 including: A detailed Lidar Survey across the entire PCH property Begin an auger drill program of the primary target area on the Western segment of the PCH property at 100m line spacing Assay sampling will be done at ½ metre intervals Begin an initial stream sediment and soil geochemical sampling program on the highly prospective Eastern segment of the PCH property Initiate an environmental baseline study across the ...