Appia Begins Diamond Drilling to Delineate Potential Highgrade Mineralization at PCH Target IV in Goias, Brazil
Appia Begins Diamond Drilling to Delineate
Potential Highgrade Mineralization at PCH
Target IV in Goias, Brazil
Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API)
(OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "
Company
" or
"Appia"
) is excited to
announce the commencement of its diamond drilling program in the southwest corner of Target IV. The
goal of this program is to identify and delineate a possible Rare Earth Elements (REE) highgrade area
at depth, identified by previous Reverse Circulation (RC) drilling (
See January 16
th
2024 Press
Release
), associated with a carbonatitic breccia intrusion or dike.
Figure 1 - Diamond Drillhole PCH-DDH-002 on Target IV highgrade area.
Click here
for short
video of project area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/227508_63585e5c8419aafa_001full.jpg
Stephen Burega, President, stated, "We have been eager to get a drill back to the highgrade
mineralized area found in the Southwest of Target IV since the discovery was first made at the beginning
of 2024. This extraodianary mineralization included 92,758 ppm or 9.28% TREO across 2 metres. At the
time, we were limited to testing the extent of the zone due to high ground water levels.
Moving forward
with a diamond drill rig, this program allows us to test the extent of the clay materials and explore the
hardrock potential at depth."
The program will include up to 450 meters of drilling in three 150 metres drillholes and is expected to be
completed within a +/-25-day timeline (See Map 1).
Map 1 - Location of PCH-DDH-002 (in progress) and programed location of PCH-DDH-003 and
PCH-DDH-004 drillholes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/227508_63585e5c8419aafa_002full.jpg
On March 1
st
, 2024, the Company announced its maiden Mineral Resource Estimate (MRE) on Target
IV and the Buriti Zone (
Click here for the Press Release
), and the companion NI 43-101 technical report
on the PCH Project was filed on April 16
th
, 2024. (
Click here for the Press Release
).
The technical information in this news release, including the information related to geology, drilling and
mineralization, has been reviewed and approved by Andre L. L. Costa, Appia's VP Exploration for
Brazil, with more than 29 years of relevant experience. Mr. Costa is a APEGS Professional Geoscientist
(P.Geo.), a Fellow of the Australian Institute of Geoscientists (FAIG) and a Qualified Person (QP) as
defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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 9
th
, 2023 Press Release - Click
HERE
) which is 40,963.18 ha. in size and located within the Goiás
State of Brazil. (See January 11
th
, 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
(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/227508