Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to share news the company has announced announced key findings from the updated 2024 Technical Report, Exploration Model and Phase I diamond drilling campaign at the company’s 100%-owned Angilak Uranium Project in Nunavut. The third-party Technical Report defines a baseline Exploration Target for the Lac 50 Deposit, estimating between 60.8 M lbs and 98.2 M lbs U₃O₈, with average grades ranging from 0.37% to 0.48% U₃O₈.
This establishes the Lac 50 Deposit as a cornerstone of the project's resource potential. Assay results from the Phase I drilling campaign, completed in late August, further reinforce the project's promise. Key highlights include mineralized grades of up to 5.85% U₃O₈ over 0.5 meters and the expansion of mineralized domains along the Lac 50 Trend. The program also identified additional mineralized zones in parallel trends, named Lac 48, Lac 52, and Lac 54, signaling untapped potential across the property.
The Lac 50 Deposit remains open along strike and at depth, and several high-priority exploration targets, such as the Dipole and Nine Iron showings, indicate further discovery opportunities outside the main deposit area. Atha’s 2024 Exploration Program focused on large step-outs from known uranium mineralization and testing parallel trends to advance the Angilak Project toward a production-scale uranium operation. The results bolster Atha Energy’s position as a leading uranium exploration company with significant growth potential in Nunavut.