Appia Completes Drilling at Loranger Property and Assays are Pending

Newsfile Corp.
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Saskatchewan, Canada

Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to provide an update on its Loranger drilling program. The drilling phase of this program has been successfully completed, and a total of 42 samples have been delivered to the Saskatchewan Research Council (SRC) for comprehensive whole-rock and rare earth element (REE) analysis.

In the recently concluded drilling campaign, which covered 714 meters, Appia achieved several significant findings. The drilling intersected radioactive (Uranium (U)-Thorium (Th))-REE pegmatites containing visible monazite and potential uraninite located within major reactivated graphitic structural zones. Notably, the program identified:

  • Graphitic Electromagnetic (EM) Conductors: Significant intersections of graphitic EM conductors (Figure 2a) within favorable metasedimentary host rocks, with scintillometer readings reaching up to 1,500 counts per second (cps), indicating potential for uranium mineralization.

  • Monazite Mineralization: Visible monazite (Figure 2b) was observed in drill hole #3 (24-LOR-003), a key discovery as monazite commonly hosts significant rare earth element mineralization in northern Saskatchewan.

Stephen Burega, President of Appia, commented, "The successful intersection of graphitic EM conductors and the presence of monazite-bearing pegmatites was an encouraging discovery for our exploration program. These findings validate our exploration models and highlight the promising potential of the Loranger property. Our team is eager to analyze the laboratory-tested assay results over the coming weeks."

Burega continued, "The drilling program targeted subsurface geophysical anomalies associated with graphitic conductors and potential alteration halos, which may lead to uranium mineralization and indicate the property's potential for both uranium and REEs. The intersections confirm our geophysical and geological models and suggest the possibility of significant mineralization similar to other zones found in the region, such as Fraser Lakes and Kulyk Lake, as well as deposits like Eagle Point, Maverick, and Gryphon in the eastern Athabasca Basin."

The 42 samples are currently undergoing detailed analysis at SRC and the Company expects to receive assay results within 6-8 weeks. Appia is enthusiastic about the progress and potential of the Loranger property and will continue to update stakeholders on future developments and exploration plans.

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