- Appia Rare Earths & Uranium Corp. (API) released assay results from its Alces Lake 2022 prospecting program
- The Alces Lake project has some of the highest-grade total and critical REEs and gallium mineralization in the world
- The company resumed drilling at Alces Lake in mid-March 2022
- At the time, there were significantly deeper holes compared to the 100 holes drilled in 2021
- The total meters drilled in 2022 were 17,481.
- Shares of Appia Rare Earths are up 11.43 per cent to C$0.39 as of 1:30 p.m. EST
Appia Rare Earths & Uranium Corp. (API) has released assay results from its Alces Lake 2022 prospecting program.
The Alces Lake project has some of the highest-grade total and critical REEs and gallium mineralization in the world.
The company said it resumed drilling at the Alces Lake project in mid-March 2022, which, at the time, had significantly deeper holes compared o the 100 holes drilled in 2021. In total, 17,481 meters were drilled in 2022.
Drilling highlights:
- 36.11 wt.% TREO returned from samples of MASSIVE TO SEMI-MASSIVE MONAZITE in outcrop at the West Limb anomaly, first discovered in 2022.
- 3.34 wt.% TREO returned from a mineralized biotite shear zone at the West Limb anomaly
- 4.34 wt.% TREO returned from VISIBLE MONAZITE in a shear zone at a previously unexplored and un-named radiometric prospect south of the Magnet Ridge zone
- 2.03 wt.% TREO returned from VISIBLE MONAZITE discovered in the Western Anomaly
“The 2022 prospecting results have shown just how effective and valuable a tool the airborne radiometric data is. After the 2021 survey guided our team to excellent results from new targets for the second season in a row, including the stunning 36.11 wt.% TREO sample in the West Limb, we have decided to expand the survey to cover the entire property,” Appia CEO Tom Drivas said. “This is an important step for unlocking the full potential of Alces Lake as part of an emerging Rare Earth Elements district.”
Irvine Annesley, the company’s vice president of exploration, said that multiple results exceeding 1 per cent of total rare earth oxides from new targets that have not been previously explored indicate that Appia Rare Earths is “just scratching the surface at Alces Lake.”
“With so much area left to explore, we are excited about what remains to be discovered and new targets to be drilled,” he said.
The Alces Lake project is located in northern Saskatchewan and sits in the same jurisdiction developing a first-of-its-kind rare earth processing facility in Canada. The company’s 100 per cent-owned project spans an area of 35,682 hectares.
In addition to its Alces Lake property, Appia Rare Earths is also exploring for uranium in Saskatchewan’s prolific Athabasca Basin on the company’s Otherside, Loranger, North Wollaston and Eastside properties.
The company also holds a 100 per cent interest in 12,545 hectares with rare earth elements and uranium deposits in five mineralized zones in Ontario’s Elliot Camp.
Shares of Appia Rare Earths are up 11.43 per cent to C$0.39 as of 1:30 p.m. EST.