Appia reports 65 metres continuous uranium mineralization on Eastside property and REE bearing pegmatite on Loranger
500-2 Toronto St.
Toronto ON
M5C 2B6
PH: 416 546-2707
FAX: 416 218-9772
Email: [email protected]
Website: www.appiaenergy.ca
NEWS RELEASE
APPIA SAMPLES OVER 65 METRES OF CONTINUOUS URANIUM MINERALIZATION
AT SURFACE ON THE EASTSIDE PROPERTY AND IDENTIFIES REE-BEARING
PEGMATITE ON THE LORANGER PROPERTY
MR. TOM DRIVAS TO PRESENT AT WALL STREET REPORTER’S “INVESTORS
DISCOVERY DAY” LIVESTREAM BROADCAST
TORONTO, ONTARIO, July 21, 2020 - Appia Energy Corp. (the “Company” or “Appia”) (CSE:API,
OTCQB:APAAF.US, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce the exploration
and surface channel sample results from the recently completed exploration activities on the Eastside and
Loranger properties, Athabasca Basin area, northern Saskatchewan.
Highlights include;
- i) a composite sample length of 65.75 metres returning 0.018 wt% U3O8 from within Area 51 of the
Eastside property and
- ii) a 1.0 metre channel sample line returning 0.471 wt% total rare earth oxide (“TREO”) from Area D of
the Loranger property.
EASTSIDE
The Company successfully identified numerous pegmatite dykes (“ dykes”) in outcrops ranging in thickness
from 1 metre to greater than 20 metres width exhibiting elevated radioactivity (>300 counts-per-second
(“cps”)) (see Figure 1). A majority of the dykes could typically be followed for more than 10 metres along
strike-length before being lost underneath overburden. Discrete trends (from 1 metre to 3 metres thick) within
the dykes contained spotty anomalous radioactivity (>1,000 cps) to “off-scale” radioactivity (>9,999 cps).
Two dykes with the most radioactivity rock exposure (Area 51 and Area 7575) were channel sampled and
returned composite sample grades with uranium concentrations exceeding 0.01 wt% U 3O8 (see Figures 1 and
2, and Table 1). Areas 51 and 7575 are on strike with each other but are separated by 1.5 km which is covered
by overburden.
Four separate occurrences of “off-scale” radioactivity were identified along four different dyke trends,
however only one of those was exposed well-enough at surface to be channel sampled (Area 51, Line 3
channel sample). Helicopter reconnaissance identified three large areas (>500 m x >500 m) with many dykes
exposed at surface, however time was limited and those outcrops were not visited.
Mr. James Sykes, Vice-President, Exploration and Development, comments; “We are encouraged by the
surface radiometric and assay results from the Eastside property. The multiple occurrences of “off-scale” and
numerous trends of anomalous radioactivity demonstrate significant potential for surface-hosted uranium
mineralization on the property. The composite U3O8 grades from Eastside are comparable to other world-class
open pit uranium mines, such as the Rössing and Husab uranium mines in Namibia. Based on historic assay
results and those obtained from Line 3 of Area 51, we believe zones with higher uranium grades are possible
on the Property. The property remains underexplored as i) numerous prospective outcrops have yet to be
visited, ii) the currently identified surface trends (i.e. over 1.5 km between Area 51 and Area 7575) would
require overburden to be removed to fully realize the potential of the mineralized strike-lengths, and iii)
diamond drilling has never been conducted on the property to fully realize the depth potential that might
exist”.
Ground reconnaissance prospecting, mapping, and channel sampling was completed on the Eastside property
over four days. A total of 139 channel samples ranging from 0.27 to 1.31 m in length were removed from
outcrops in Area 51 and Area 7575 for a total of 77.69 m and 33.65 m, respectively.
LORANGER
Eight outcrop areas were visited on the Loranger property over a total of 3 days. Similar to the Eastside
property, pegmatite dykes with elevated radioactivity were discovered within outcrops. Of particular interest
was a pegmatite-rich outcrop area (Area D) with anomalous and elevated radioactivity trends observed within
100 to 300 m of a bifurcating and bending conductor. As has been observed on the property in previous
exploration programs, radioactivity levels tend to increase with proximity to graphitic conductors suggesting
the graphitic structural trends remain the primary focus for continued exploration on the property. No
conductive outcrops were exposed on the property.
Area D was channel sampled, with no significant uranium values >0.01 wt% U 3O8 obtained (see Table 1).
The observed radioactivity was emanating from thorium rather than uranium. One sample line (line 7) did
return anomalous rare earth element (“REE”) results of interest; 0.471 wt% TREO over 1.0 m (see Table 2).
The same geological formations at the southern end of the property can be inferred (by airborne magnetic
signatures) to continue over 45 km to the north end of the property within the RCV and gravity low target
areas that were drilled in 2017. Diamond drilling in the RCV area returned 72.9 m at 0.012 wt% U 3O8 (see
news release dated May 24, 2017).
Mr. James Sykes, Vice-President, Exploration and Development, comments; “This field program was
instrumental identifying geological controls that can help vector us towards more uranium mineralization on
the property. Of interest is the new REE discovery on the property which does bear grades similar to those
that have been observed at Appia’s Alces Lake high-grade REE property. Only one sample was taken from
that trend and it remains open along strike in both directions for quite some distance. We plan to follow-up
this area in the future”.
All radioactivity measurements were made with an Exploranium GR-110 hand-held scintillometer. The GR-
110 readings max out at 9,999 cps, therefore any occurrences exhibiting 9,999 cps are considered “off-scale”
because natural radioactivity can exceed 10,000 cps. Background radioactivity on all of the outcrops ranged
from 100 to 200 cps. The reader is cautioned that Appia uses natural gamma-ray readings only as a
preliminary indication of the presence of radioactive materials (uranium-, thorium- and/or potassium-rich
minerals) and that the results may not be used directly to quantify or qualify uranium concentrations within
the rock.
All samples were hand-delivered to and assayed by Saskatchewan Research Council’s Geoanalytical
Laboratory, an ISO/IEC 17025:2005 (CAN-P-4E) certified laboratory in Saskatoon, SK, for multi-element
analysis.
The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo,
Advisor to the Board of Directors of Appia, and a Qualified Person as defined by National Instrument 43-101.
WALLSTREET REPORTER’S “INVESTORS DISCOVERY DAY” LIVESTREAM
Appia would like to invite the general public to join Mr. Tom Drivas, CEO & President, for a live public
webcast on Tuesday July 21, 2020, starting at 12:30 PM EST, as part of the Wall Street Reporter’s “Investors
Discovery Day” livestream event.
The livestream can be accessed via the link below:
https://www.wallstreetreporter.com/investors-discovery-day-livestream/.
About Appia
Appia is a Canadian publicly-traded company in the uranium and rare earth element sectors. The Company is
currently focusing on delineating high-grade critical rare earth elements (“REE”) and uranium on the Alces
Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger,
North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 57,048
hectares (140,968 acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net
Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater
than US$130 per pound) in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over
five mineralized zones in the Elliot Lake Camp, Ontario. The Camp historically produced over 300 million
pounds of U 3O8 and is the only Canadian camp that has had significant rare earth element (yttrium)
production. The deposits are largely unconstrained along strike and down dip.
Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 550
million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia has 73.8 million common shares outstanding, 89.1 million shares fully diluted.
For more information, visit the Appia’s website at www.appiaenergy.ca.
Cautionary Note Regarding Forward-Looking Statements : This News Release contains forward-looking statements
which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”,
“estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of
future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume
any obligation to update these forward- looking statements and shareholders are cautioned not to put undue
reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas , President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
James Sykes , VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email)
Frank van de Water , Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or
(email) [email protected]
Figure 1 – Eastside property, Area 51 overview
Figure 2 – Eastside property, Area 7575 overview
Figure 3 – Loranger property overview
Table 1 – Eastside and Loranger properties, U3O8 channel sample results
Project Area Line From (m) To (m) Interval (m) U 3O8 (wt%)
Eastside 51 1 0.00 8.99 8.99 0.021
14.30 15.21 0.91 0.013
Composite Total 9.90 0.020
51 2 0.00 16.15 16.15 0.026
25.42 37.43 12.01 0.028
42.34 51.88 9.54 0.018
Composite Total 37.70 0.025
51 1 all and 2 all 0.00 65.75 65.75 0.018
Composite Total 65.75 0.018
51 3 0.00 0.37 0.37 0.086
Composite Total 0.37 0.086
51 5 2.68 3.47 0.79 0.027
Composite Total 0.79 0.027
51 6 0.64 2.53 1.89 0.026
Composite Total 1.89 0.026
51 7 0.00 2.10 2.10 0.017
Composite Total 2.10 0.017
7575 2 3.32 4.30 0.98 0.010
Composite Total 0.98 0.010
7575 3 3.05 5.91 2.86 0.018
Composite Total 2.86 0.018
7575 4 0.91 1.71 0.80 0.013
5.46 10.15 4.69 0.022
14.69 15.91 1.22 0.012
Composite Total 6.71 0.019
7575 4 all 0.00 17.47 17.47 0.010
Composite Total 17.47 0.010
Loranger D 1 0.00 7.00 7.00 NSR
D 2 0.00 1.00 1.00 NSR
D 3 0.00 1.00 1.00 NSR
D 4 0.00 1.00 1.00 NSR
D 5 0.00 1.00 1.00 NSR
D 6 0.00 1.00 1.00 NSR
D 7 0.00 1.00 1.00 NSR
Cut-off grade = 0.01% U3O8, Cut-off grade for "all" = none
Maximum consecutive internal dilution = 2.0 m
"NSR" = No Significant Results
All Uranium (ppm) results received by SRC from the ICP-MS Total Digestion lab package were converted to
U3O8 (wt%) using a conversion factor of (x1.1792/10000)
Table 2 –Loranger property, REO channel sample results
Area Line Width
(m)
La2O3
(wt%)
CeO2
(wt%)
Pr6O11
(wt%)
Nd2O3
(wt%)
Sm2O3
(wt%)
Eu2O3
(wt%)
Gd2O3
(wt%)
Tb4O7
(wt%)
Dy2O3
(wt%)
Ho2O3
(wt%)
Er2O3
(wt%)
Yb2O3
(wt%)
Lu2O3
(wt%)
Y2O3
(wt%)
ThO2
(wt%)
U3O8
(wt%)
TREO
(wt%)
CREO
(wt%)
D 7 1.0 0.111 0.220 0.024 0.080 0.011 0.000 0.007 0.001 0.003 0.000 0.001 0.001 0.000 0.012 0.092 0.005 0.471 0.108
The REEs Thulium (Tm) and Promethium (Pm) are not reported because they are both extremely scarce in nature, and Pm forms as a product of spontaneous fission of U-238
TREO = Total Rare Earth Oxide = sum of La2O3+CeO2+Pr6O11+Nd2O3+Sm2O3+Eu2O3+Gd2O3+Tb4O7+Dy2O3+Ho2O3+Er2O3+Yb2O3+Lu2O3+Y2O3
CREO = Critical Rare Earth Oxide = sum of Pr6O11+Nd2O3+Eu2O3+Tb4O7+Dy2O3
Highlighting Nd grades associated with high-grade TREO
Highlighting Pr grades associated with high-grade TREO
Highlighting "high-grade" TREO and CREO (i.e. >1.897 wt% TREO)
Light rare earth elements (LREEs = La, Ce, Pr, Nd, Sm)
Heavy rare earth elements (HREEs = Eu, Gd, Tb, Dy, Ho, Er, Yb, Lu, Y)
Radioactive elements (not a rare earth element)
- true thicknesses have not been determined
Note: >1.897 wt% TREO represents >75th percentile for global REO deposit grades of advanced stage-projects (excluding Gakara, Steenkampskraal and Mount Weld CLD deposits). The global REO deposit
information was derived from publicly available information as of January 31, 2018, from individual company websites, SEDAR technical report filings, and the Technology Metals Research Advanced Rare Earth
Projects Index (http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/)