ATHA Energy Corp (CSE:SASK, OTCQB:SASKF) has provided investors with an update on its 2024 exploration programs at its uranium projects.
At its Gemini project in the Athabasca Basin, Saskatchewan, the company in late August kicked off a Phase 3 diamond drill program to expand the footprint of mineralization, targeting the down-dip extents of the Gemini Mineralized Zone (GMZ).
It is also targeting two regional target areas with multi-convergence geophysical anomalies.
Meanwhile, at ATHA Energy’s Angilak project in Nunavut, ATHA Energy said its diamond drill exploration program continues to expand the mineralization footprint along the Lac 50 trend.
It is on track to complete the program by early September, at which point the company intends to communicate radioactivity results from the remaining drill holes.
“ATHA’s 2024 exploration program has already demonstrated that its exploration-at-scale approach can be successfully implemented across numerous projects and jurisdictions,” ATHA Energy CEO Troy Boisjoli said in a statement.
“We are excited to continue to advance that strategy with the kickoff of drilling at Gemini, while the company continues its Angilak exploration program.”
Cliff Revering, ATHA Energy’s vice president exploration, added that the team is very excited by the results obtained to date at these projects.
“We have been successful in expanding the mineralization footprint at our Angilak project, and are now commencing drilling at our Gemini project, and GMZ mineralized corridor,” Revering said.
“Given the scale and nature of hydrothermal alteration with the GMZ mineralized corridor and observed similarities with Cameco’s Rabbit Lake Trend, we are very excited to start testing the high-priority targets identified within this prospective trend.”