Appia Announces Correction Confirming the Discovery of Uranium and Rare Earth Element Mineralization During Exploration Program at the Eastside Project, Saskatchewan, Canada

Newsfile Corp.
8 min read

Toronto, Ontario--(Newsfile Corp. - September 4, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announces that, further to the press release issued earlier today, we confirm the successful discovery of uranium and rare earth element mineralization during the 2024 exploration program at the Eastside property (Figure 1). These promising assay results, analyzed and verified by the Saskatchewan Research Council (SRC) Laboratories in Saskatoon, confirm our exploration models and underscore the significant potential of the Eastside property within Appia's Saskatchewan portfolio. The Press Release issued earlier today erroneously made reference to Rare Earth Elements (REE) in the highlight section instead of referring to uranium (U) mineralization when describing a total of 20 additional samples collected from the southwestern portion of the Eastside property.

Highlights of the 2024 Assay Results:

  • Uranium Mineralization:

    • Grab Sample 181213 (Figure 2): U3O8 = 2,523.06 ppm (0.25 wt%), a uranium-bearing zone discovered between "Prospector's Peninsula" and "Highcount Hilltop".

    • Grab Sample 181255 (Figure 3): U3O8 = 673.21 ppm (0.07 wt%), indicating a uranium-bearing zone east of "Highcount Hilltop".

    • Grab Sample 181212 (Figure 4): U3O8 = 644.91 ppm (0.06 wt%), also discovered between "Prospector's Peninsula" and "Highcount Hilltop" further indicating uranium.

Additionally, a total of 20 samples collected from the southwestern portion of the Eastside property exhibited uranium (U) mineralization between 0.01 wt% and 0.25 wt%, further confirming the property's uranium potential.

  • Rare Earth Element (REE) Mineralization:

    • Channel Sample 181244 (Figure 5): 1.00 meters of TREO = 0.14 wt%, located in the "Prospector's Peninsula" zone, demonstrating rare earth element (REE) mineralization.

Stephen Burega, President of Appia, stated, "We are excited about the results of our 2024 exploration program at the Eastside property. The discovery of uranium and rare earth elements mineralization aligns perfectly with our exploration models, hypotheses, and company initiatives. These uranium and REE concentrations highlight the favorable potential of this property as a valuable project in our portfolio."

Importance of Eastside's Location for Uranium Mineralization:

The Eastside property, located in the Peter Lake Domain east of Wollaston Lake, is strategically significant due to its proximity to the prolific uranium-bearing Athabasca Basin (Figure 6). The Athabasca Basin is renowned for its uranium deposits and nearby rare earth element discoveries, positioning itself as a major source of global uranium production. The Peter Lake Domain, part of this prolific region, is characterized by favorable geological conditions conducive to uranium mineralization. The presence of uranium and REE concentrations in Appia's recently collected samples validates the potential of the Eastside property to host numerous uranium and REE showings, further emphasizing the value of this property.

Recommended Stories