Appia Announces the Commencement of an Airborne Gravity Gradiometer and Magnetic Survey over Its Otherside Uranium Prospect, Athabasca Basin, Saskatchewan, Canada
Appia Announces the Commencement of an
Airborne Gravity Gradiometer and Magnetic
Survey over Its Otherside Uranium Prospect,
Athabasca Basin, Saskatchewan, Canada
Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - Appia Rare Earths & Uranium Corp.
(CSE: API)
(OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0)
(the "
Company
" or "Appia") is pleased to
announce the commencement of an airborne Gravity Gradiometer and Magnetic Survey over its
Otherside Property (Figure 1), located within the prolific uranium-bearing Athabasca Basin of
Saskatchewan, Canada. This survey will be conducted by
Xcalibur Smart Mapping
, utilizing their state-
of-the-art Falcon Airborne Gravity Gradiometer (AGG) technology to further explore the potential for
uranium deposits.
The goal of this airborne survey is to leverage gravity and magnetic geophysics to reveal significant
lithostructural contrasts in the subsurface rocks, allowing Appia to identify key anomalies that may lead to
uranium discoveries. This survey is a critical step in Appia's ongoing exploration efforts, providing
additional data to guide drilling decisions.
The Otherside Property is notably positioned along a 40 km-long corridor hosting several
electromagnetic (EM) conductors, sharing geological and geophysical features similar to other high-
grade uranium plays of the western Athabasca Basin such as Fission Uranium Corp's Triple R and
NexGen Energy's Arrow deposits.
Stephen Burega, President, states: "Our team is excited to commence the Airborne Gravity Gradiometer
and Magnetic survey at our Otherside property. Using cutting-edge technology to identify geophysical
signatures that could lead to uranium discoveries, this survey marks a significant step in our exploration
efforts and provides an encouraging follow-up to the recent uranium and rare earth exploration programs
at our Eastside and Loranger properties."
Appia's exploration team will utilize the data gathered from this survey to further refine the geological
model of the Otherside Property and identify its priority drill targets. The Otherside Property's geological
setting, combined with the anticipated detailed insights from the Falcon AGG survey, positions Appia to
make significant advancements in the search for potential uranium deposits within the Athabasca Basin.
Figure 1 - Proposed Flight Plan of Appia's Airborne Gravity Gradiometer & Magnetic Survey over the
Otherside Property - Athabasca Basin, SK
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/226912_dfa3b0538488fbf5_001full.jpg
About the Otherside Project
The Otherside Project is strategically located within the prolific, uranium-bearing Athabasca Basin of
Saskatchewan, Canada. This area is renowned for its significant uranium deposits, its surrounding rare
earth element plays, and favorable geological conditions that have historically led to major high-grade
uranium discoveries.
The Otherside Property shares similar geological and geophysical signatures to known high-grade,
large-tonnage uranium deposits in the western Athabasca Basin, including Fission Uranium Corp's
Triple "R" and NexGen Energy's "Arrow" deposits. Such signatures include long structural corridors
hosting multiple, discrete conductors with associated magnetic gradients and gravity low areas.
Otherside's property area is 8,436 hectares and is 100% owned by Appia.
The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo.,
Senior Technical Advisor for Appia and a Qualified Person as defined by National Instrument 43-101.
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The
Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See
June 9th, 2023 Press Release - Click
HERE
) which is 40,963.18 ha. in size and located within the Goiás
State of Brazil. (See January 11th, 2024 Press Release -
Click HERE
) The Company is also focusing on
delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring
for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and
Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares
(234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares
(32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot
Lake Camp, Ontario.
Appia has 136.8 million common shares outstanding, 145.5 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 more information, visit
www.appiareu.com
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
X
,
,
) please feel
free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here.
Contact:
Tom Drivas, CEO and Director
(c) (416) 876-3957
(f) (416) 218-9772
(e)
Stephen Burega, President
(c) (647) 515-3734
(e)
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/226912