Appia Rare Earths & Uranium Corp. (CSE:API, OTCQB:APAAF) revealed assay results from its 2021 drilling program and the discovery of a massive new rare-earth element (REE) bearing zone in the WRCB area of the company’s Alces Lake high-grade rare-earth elements and gallium property, in the Athabasca Basin of northern Saskatchewan.
In a statement, Appia President Frederick Kozak said: "The wait for the assay results was worth it. Appia has identified the continuity of the WRCB shallow high-grade mineralization with a strike length of approximately 100m and consistently strong assay values.”
“However, the new discovery of the massive AMP zone from surface to depth has revealed it is large and continuous across all of the WRCB area and open along strike within the NNW-trending kilometre-scale structural corridor. This could be a blockbuster for future rare earths production, as Appia continues to move the Alces Lake rare earths discovery towards potential development," he added.
READ: Appia Rare Earths reports good progress with its 2022 drill campaign on its Alces Lake rare earth property in Saskatchewan
The Toronto-based company, which focuses on rare-earth elements and uranium, said further assay results from 2021 drilling in the Western Anomaly area of the Alces Lake claims block will be released soon. The complete assays results are available in a tabulated format HERE.
Meanwhile, Appia highlighted a slew of impressive results:
- Wilson 21-WRC-014 intersected 15.81 weight percent (wt%) Total Rare Earth Oxides (TREO) over a drilled width of 3.67 meters (m) within a broader interval of 6.99m at 11.70 wt% TREO;
- Wilson 21-WRC-016 intersected 24.30 wt% TREO over a drilled width of 1.93m within a broader interval of 3.19m at 15.38 wt% TREO and 17.85 wt% TREO over a drilled width of 2.69m within a broader interval of 11.6m at 5.71 wt% TREO;
- Richard 21-WRC-053 intersected 17.12 wt% TREO over a drilled width of 1.08m within a broader interval of 4.29m at 5.19 wt% TREO;
- High grade, at or near surface mineralization at WRCB now correlated along strike length for 100m;
- New discovery of the AMP zone, which is continuous from surface to a down plunge extent of 300m and remains open. The true width of the mineralized zone is known to exceed 10m.
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.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive