Appia's Geophysical Survey on Loranger Uranium Property Outlines 10 km EM lineaments
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
GEOPHYSICAL SURVEY AT APPIA’S ATHABASCA BASIN URANIUM PROPERTY
OUTLINES EM LINEAMENTS EXCEEDING 10 KM IN STRIKE LENGTH
TORONTO, ONTARIO, September 19, 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 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 km 2
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 other anomalous intersection zones of interest for
drilling.
About the Loranger Project
Loranger is located on the southeastern shores of Wollaston Lake, northern Saskatchewan. Cameco’s
Rabbit Lake uranium mill and Eagle Point mine operations are approximately 28 km to the northwest.
The southwestern extension of the Loranger property is situated 10 km from the all-season Provincial
highway 905 (Figure 1). The property is next to Wollaston Lake Denesuline First Nation infrastructure
and the new all-season road (Highway 905 extension) going to the Reserve is running through the
property.
The property straddles the transition zone between the eastern Wollaston Domain and the western
Wollaston Domain, similar to the Wollaston-Mudjatik Transition Zone (WMTZ), and extends ~100
km northeast to the Manitoba provincial border. To the southwest, the West Bear U Deposit, the West
Bear Co-Ni Deposit, and the Fraser Lakes Zone B uranium deposit occur along this structural corridor.
The Western Wollaston Domain and the WMTZ comprise multiple high-strain zones within reworked
Precambrian rocks of the Hearne Subprovince, which host most of the basement and unconformity-
type uranium deposits across/along the eastern Athabasca Basin.
There is an abundance of historic uranium anomalies on the property, and the right geological
structures/geophysical conductors to focus fluids and heat for producing alteration and mineralization
in structural geochemical traps. There also appear to be the non-conductive gravity-low intersection
zones that are ideal for concentrating mineralization. Those zones are confirmed (backed up) by
identified radioactive boulder trains, uranium in soil profiles, and uranium in drill core from historical
and recent Appia drilling.
Historic exploration (before Appia’s time) for uranium over the Loranger property has occurred over
three separate time-frames; from 1968 to 1969, 1978 to 1979 and 2007. Appia’s work commenced
with a 2016 helicopter-borne VTEM TM Max Time-Domain EM and magnetic survey over
approximately 715 line-km of the property.
Most recently, in 2019 Appia completed eight drill holes for a total of 1,063 m. Drill holes LOR-19-
02 to LOR-19-03 intersected 0.066 wt% U3O8 over 0.7 m at 105.5 m drill hole depth and 0.032 wt%
U3O8 over 3.15 m at 96.75 m drill hole depth, respectively. Drill holes LOR-19-01 to LOR-19-04A
identified uranium mineralization along a 900 m strike length within a new target area.
Figure 1. Loranger Property 2022 geophysical survey map with historical properties and
nearby uranium deposits.
an 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, Advisor to Appia’s Board of Directors, and 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, 141.3 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]