Appia Successfully Concludes Diamond Drilling Program Intercepting Potential Highgrade Mineralization on all three Drillholes in Goias, Brazil
Appia Successfully Concludes Diamond
Drilling Program Intercepting Potential
Highgrade Mineralization on all three
Drillholes in Goias, Brazil
Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Appia Rare Earths & Uranium Corp.
(CSE:
API) (OTCQB: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0)
(the "
Company
" or
"Appia"
) is
excited to announce the conclusion of its diamond drilling program in the SouthWest Extension Zone of
Target IV at its Ionic Adsorption Clay (IAC) project in the State of Goias, Brazil. The three drillholes (see
Map 1) were completed for a total of 450.7 metres, and successfully intercepted the anticipated
carbonatitic breccia and highly altered hardrock zones in all three drillholes, indicating the continuation of
the highgrade mineralization first identified in previously completed reverse circulation drill holes (See
press releases dated
October 31
st
, 2023
and
January 16, 2024
).
Highlights
:
Hole PCH-DDH-002, total depth of 150.0metres - Regolith fom 0 to 37.4m, Breccia from 37.4 to
EOH
Hole PCH-DDH-003, total depth of 147.7metres - Regolith fom 0 to 49.9 m, Breccia from 49.9 to
EOH
Hole PCH-DDH-004, total depth of 153.0metres - Regolith fom 0 to 45.0 m, Breccia from 45.0 to
EOH
The three drillholes presented substantial hydrothermal alteration and local sulfidation within the
breccia.
Stephen Burega, President, stated, "The program successfully identified carbonatitic breccia below the
previously reported highgrade clay material with up to 92,758 ppm or 9.3% and averaging over 27,000
ppm or 2.7% Total Rare Earth Oxide (TREO) over 0-24 metres. (See press release
January 16, 2024
)
And we anticipate a continuation of similar grades below this zone in the hardrock mineralization at
depth. This presents an exceptional opportunity to further showcase Target IV and the entire PCH
project, for both IAC and primary mineralization potential."
Map 1 - Location of concluded drillholes PCH-DDH-002, PCH-DDH-003 and PCH-DDH-004.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_001full.jpg
The preliminary geological interpretation is presented in Figure 1 showing the extent of the
Hydrothermalized Carbonatitic Breccia, which remains open at depth. Sampling is under way and assay
results are expected in +/- 30 days.
Figure 1 - Preliminary Geological Core Interpretation for the Carbonatitic Breccia.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5416/229583_58aeba88e487dadf_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 30 years of relevant experience. Mr. Costa is a APEGS Professional Geoscientist
(P.Geo.) and a Fellow of Australian Institute of Geoscientists (FAIG), 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 149.4 million common shares outstanding, 170.8 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/229583