Appia Rare Earths & Uranium Corp has provided an update on its 2022 drilling, particularly related to the new discovery zone at Augier as well as the WRCB area, on its 100%-owned Alces Lake high-grade rare earth elements (REE) and gallium property in Saskatchewan.
The rare earth element and uranium explorer/project developer said a total of 24 holes drilled in 2022 on the Augier discovery confirm a thick zone of anomalous radioactivity in REE-bearing pegmatite.
Appia also noted that the Augier discovery is a potential AMP zone look-alike, although it is waiting on assay results to assess.
READ: Appia Rare Earths & Uranium reports good progress with its 2022 drill campaign on its Alces Lake rare earth property in Saskatchewan
“The Augier discovery is a significant rare earth-bearing zone within what appears to be a continuous kilometre-scale geological structure. It is massive - the radiometric anomaly is 300 metres (m) in strike length and 175m wide,” Appia president Frederick Kozak said in a statement.
“We eagerly await the assay results to determine just how big a REE discovery we have made,” Kozak added.
As well, Appia said it continues to delineate the magnitude of the rare earth elements discovery at WRCB, with longer and deeper holes to build on the 2021 information collected, calling the results so far “encouraging” and saying initial 2022 drilling on WRCB has been completed and the drill has been moved to drill on the Augier discovery.
The company added that a “very promising” intercept was found in 22-WRC-024, which drilled into the Wilson zone, with the core showing 9m of “significant mineralization” from 38m to 47m.
And, Appia said additional 2022 exploration activities at WRCB will include an Induced Polarization (IP) survey over the center of the WRCB discovery area to evaluate the method's applicability across the property.
Appia is a Canadian publicly-listed company in the rare earth element and uranium sectors, which is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties.
Upgrades to OTCQX
In a separate statement, Appia Rare Earths & Uranium Corp said it has qualified to trade on the OTCQX Best Market having upgraded to OTCQX from the OTCQB Venture Market under the symbol 'APAAF'.
Contact Sean at sean@proactiveinvestors.com
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