ATHA Energy Corp (CSE:SASK, OTCQB:SASKF) has expanded its Angilak project in Nunavut by acquiring the entire Lac 50 structural corridor, along with an additional prospective parallel corridor.
Both corridors are linked to the Snowbird Tectonic Zone, a significant crustal structure that extends from the Athabasca Basin to the Angikuni Basin.
This expansion follows ATHA’s successful 2024 exploration program, which saw the completion of 25 diamond drill holes totaling over 10,051 meters.
The Angilak Project now spans 158,447 hectares after staking an additional 69,704 hectares across 48 new mineral claims.
The Lac 50 Uranium Deposit, located within the Angilak Project, is one of the largest high-grade deposits outside of the Athabasca Basin, with a historical resource estimate of 43.3 million pounds of U3O8 at an average grade of 0.69%.
Troy Boisjoli, CEO of ATHA, stated: "Extending the Angilak project is a direct result of the successful 2024 exploration program.
“Over the course of 2024, ATHA materially expanded mineralization at Angilak - in doing so also gained site specific knowledge of potential district scale uranium endowment."
The 2024 program also led to the discovery of new mineralized trends, including the Lac 48, Lac 52, and Lac 54 trends, which further expand the exploration potential of the area.