Appia Rare Earths & Uranium Corp said it is seeing early positive indications of anomalous radioactivity at the Augier target on the Alces Lake rare earth property in Saskatchewan.
The initial hole drilled into the discovery in 2022 intersected 51.2 metres of anomalous radioactivity beginning at the top of hole, and the second hole confirmed the result, also intersecting 70.1 metres of anomalous radioactivity from the top of the hole, according to a statement.
A third hole intersected 58 metres, starting at a depth of 23 metres, which is the same anomalous radioactive unit as the two previous holes and is on strike 150 metres southeast of the second hole.
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A total of 24 holes have been drilled so far at Alces Lake, or 4,889 metres. Appia told investors that it expects the 2022 program will be a minimum of 12,000 metres to as much as 20,000 metres, all of which will be funded with available cash on hand.
Appia is also seeing positive results at the WRCB discovery, which is the site of the bulk of drilling so far. All holes in the WRCB complex have intersected intervals of anomalous radioactivity over drilled widths ranging up to 11 metres, some with visible monazite, the company said.
Drilling has also expanded the WRCB area of interest with identified intervals of anomalous radioactivity up to 120 metres further along strike to the southeast, increasing the overall length of the trend of anomalous radioactivity in WRCB drill core from 160 metres to 280 metres of strike length, the company added.
Alces Lake is home to some of the highest-grade total and critical rare earth elements and gallium mineralization in the world, hosted within several surface and near-surface monazite occurrences that remain open at depth and along strike.
Appia believes the project has the potential to be a world-class source of high-grade critical rare earth-bearing monazite.
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