- Appia Rare Earths & Uranium (CSE:API) has officially deployed a third drill-on site at its PCH Ionic Adsorption Clay Project in Brazil
- The company is currently using three drills, including one RC, one auger and one diamond drill
- Initial target will drill to 250 metres to test the ionic clay and hardrock mineralization
- Shares of Appia Rare Earths & Uranium are up 20 per cent to C$0.27 as of 12:34 p.m. ET
Appia Rare Earths & Uranium (CSE:API) has officially deployed a third drill on-site at is PCH Ionic Adsoprtion Clay Project in Brazil.
In a news release, the Toronto-based company said it is currently using three different drills at the project, including one RC, one auger and one diamond drill.
“The arrival of the diamond drill marks a pivotal advancement in our exploration initiative. It underscores our commitment to investigating not only the potential genesis of Ionic Adsorption Clay but also the exciting opportunity for REE mineralization in hard rock formations,” Stephen Burega, president of Appia Rare Earths & Uranium, said in a statement.
Located in the Tocantins Structural Province in the Brasilia Fold Belt, the project spans 17,550 hectares and is classified as an alkaline intrusive rock occurrence with highly anomalous rare earth elements and niobium mineralization.
The ongoing diamond drill hole operation plans to extend the investigation below the known ionic clay through saprolite structures to greater depths of up to 250 metres to test the continuation of mineralization at depth.
Appia Rare Earths & Uranium is 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.
The company also holds the surface rights to exploration for 113,837.15 hectares in Saskatchewan and has a 100 per cent interest in 12,545 hectares with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.
Shares of Appia Rare Earths & Uranium are up 20 per cent to C$0.27 as of 12:34 p.m. ET.
Join the discussion: Find out what everybody’s saying about this stock on the Appia Rare Earths & Uranium Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
