Appia Updates Geophysical Surveys and Future Activity on
500-2 Toronto St.
Toronto ON
M5C 2B6
PH: 416 546-2707
FAX: 416 218-9772
Email: [email protected]
Website: www.appiareu.com
NEWS RELEASE
APPIA PROVIDES UPDATE ON GEOPHYSICAL SURVEYS AND FUTURE ACTIVITY
OF THE NORTH WOLLASTON URANIUM PROPERTY, NORTHERN SASKATCHEWAN
TORONTO, ONTARIO, November 2, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or
“Appia”) (CSE:API, OTCQX:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) 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 North Wollaston uranium property, eastern
Athabasca Basin area, northern Saskatchewan.
Highlights (from 2022 assessment report):
The survey extended old and discovered new electromagnetic (EM) conductors.
Graphite-rich, conductive anomalies exceeding 10 km in contiguous strike length (assuming lithology
matches with historical prospecting and drilling results)
A major conductor offset (“jog”) associated with a large fault, interpreted as part of the Tabbernor
fault system.
Several significant conductor breaks/offsets with locally high eU ppm anomalies showing potential
fault shearing/brittle reactivation
Tom Drivas, CEO of Appia said “Building on our cumulative knowledge, from historical geophysical,
prospecting, and drilling programs in the 1970’s and 1980’s, and our 2020 prospecting/sampling
experience at North Wollaston, this phase of geophysics has completed Appia’s needs for drillhole
targeting. Presently, we are working on complete data integration and 3D model building to plan the
next phase of detailed prospecting/sampling/geochemistry in 2023 for identifying new drill targets”.
The geophysical exploration activities on the North Wollaston property (Figure 1) were carried out
from September 12th, 2021, to Jan 24th, 2022. Appia commissioned Geotech Ltd. to carry out a
helicopter-borne gamma-ray spectrometry and VTEM geophysical survey. Appia acquired a total of
951 ln-km of VTEM data and 867 ln-km of radiometrics data within an area measuring 174 km 2.
Measurements included Vertical (Z) and Horizontal (X&Y) components of the EM fields.
Figure 1. North Wollaston Property 2022 geophysical survey regional map.
This multi-component geophysical survey (Figure 2) identified numerous electromagnetic, magnetic,
and radiometric anomalies over the 174 km2 area, revealing additional geometry and characteristics 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. the nearby Eagle Point uranium deposit on strike to the SSW).
About the North Wollaston Project
The North Wollaston property is located on the northern shores of Wollaston Lake, northern
Saskatchewan. Significant infrastructure occurs nearby at Cameco’s Rabbit Lake uranium mill and
Eagle Point mine operations, located ~55-60 km to the south-southwest (Figure 1). The property is
accessible by fixed wing float/ski plane and/or helicopter from Points North Landing, SK or the
Wollaston Lake community. During the summer months (early-June to mid-September), the Wollaston
Barge Ferry crosses Wollaston Lake, and its 2 docking areas provide a water link at either Highway
905 Barge Landing (Hidden Bay - 230 km Highway mark) or the Wollaston Lake community. Points
North Landing and Wollaston Lake community are accessible all year by scheduled flights from/to
Saskatoon via commercial provincial airlines.
Figure 2. North Wollaston property showing claims, 2022 aeromagnetics, EM conductors (strong), and
interpreted Tabbernor N-S faults.
The property straddles the western Wollaston Domain and the Wollaston-Mudjatik Transition Zone
(WMTZ) and extends ~80 km northeast to the Manitoba border. The Western Wollaston Domain and
the WMTZ comprise multiple high-strain zones within reworked Archean and Paleoproterozoic
rocks of the Hearne Subprovince. These reactivated deformation zones host most of the basement-
hosted and unconformity-type uranium deposits across/along the prolific eastern Athabasca Basin.
There is an abundance of historic uranium anomalies on the property, as well as the right geological
structures/geophysical EM conductors to focus fluids and heat for depositing economic mineralization.
There also appear to be the non-conductive gravity-low intersection zones that are ideal for
concentrating mineralization. Coincidence with identified radioactive boulder trains, uranium in soil
profiles, and uranium in drill core from historical drilling provide confirmation of these interpreted
drill targets.
Historic exploration (before Appia time) for uranium over the North Wollaston property has occurred
over three separate time frames; from 1970, 1978 to 1980 and 1983 to 1984. Appia’s work commenced
with a small prospecting/sampling program in 2020, followed up with the 2022 geophysics.
About Appia
Appia is a Canadian publicly-listed company in the rare earth element and uranium sectors. The
Company is currently focusing on delineating high-grade critical rare earth elements and gallium on
the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin
on its Otherside, Loranger, North Wollaston, and Eastside properties.
The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that is
developing a “first-of-its-kind” rare earth processing facility in Canada (currently under construction
by the Saskatchewan Research Council and scheduled to become operational in early 2023). The Alces
Lake project area is 35,682 hectares (88,173 acres) in size and is 100% owned by Appia.
The Alces Lake project encompasses some of the highest-grade total and critical* REEs and gallium
mineralization in the world, hosted within several surface and near-surface monazite occurrences that
remain open at depth and along strike.
* Critical rare earth elements are defined here as those that are in short-supply and high-demand for
use in permanent magnets and modern electronic applications such as electric vehicles and wind
turbines (i.e: neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb)).
All geophysical results were provided by Geotech Ltd.in Aurora, ON. All geophysical results reported
herein have passed internal QA/QC review and compilation. The technical content in this news release
was reviewed and approved by Dr. Irvine R. Annesley, P.Geo, a Qualified Person as defined by
National Instrument 43-101.
The Company holds the surface rights to exploration for 110,997 hectares (274,280 acres) in
Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare
earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.
Appia has 123.1 million common shares outstanding, 146.5 million shares fully diluted.
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 a guarantee 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 , CEO and Director: (cell) 416-876-3957, (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]