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Geophysical Survey at Appia's Athabasca Basin Uranium Property Outlines EM Lineaments Exceeding 10 km In Strike Length
Toronto, Ontario--(Newsfile Corp. - September 19, 2022) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (FSE: A0I.F) (FSE: A0I.MU) (FS
About this update from Appia Rare Earths & Uranium Corp
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 19, 2022) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the \"Company\" or \"Appia\") is pleased to announce that the Company has completed (and submitted for assessment purposes) a helicopter-borne gamma-ray spectrometry and VTEM geophysical survey on the 100%-owned Loranger uranium property, eastern Athabasca Basin area, northern Saskatchewan. Highlights (from 2022 assessment report): The survey extended and discovered some new electromagnetic (EM) conductors, and provided additional structural geophysical characteristics of these conductors. EM lineaments exceeding 10 km in contiguous strike length are identified. EM conductors are offset by younger features. The property will be drill ready once targets are confirmed and permits are submitted/accepted. Tom Drivas, CEO of Appia said, \"Building on our previous geophysical, prospecting, and drilling experience from 2016 to 2019 at Loranger, Appia has completed all of its geophysical surveys for drillhole targeting. We are now working on complete data integration and 3D model results to verify the numerous identified high-priority targets, so to plan the next phase of drilling. Then once permits to drill are submitted and accepted, the property will be at a drill-ready stage.\" The geophysical exploration activities on the Loranger property were carried out from September 17th, 2021, to Jan 24th, 2022. Appia commissioned Geotech Ltd. to conduct a helicopter-borne gamma-ray spectrometry and VTEM geophysical survey. Appia acquired 401 line-kilometres of VTEM and 358 line-km of radiometric geophysical data within an area measuring 74 km2. The survey identified several electromagnetic, magnetic, and radiometric anomalies over the 74 km2 area, revealing further length to the property's northeast-southwest oriented EM/magnetic corridors. These corridors represent characteristic geophysical features of basement-hosted type uranium deposits of the eastern Athabasca Basin (e.g. Eagle Point). The survey outlined a well-defined north-south oriented structure, which is interpreted to be a member of the regional Tabbernor fault system, a known contributing control of uranium mineralization in the eastern Athabasca Basin. The survey also outlined o...