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Appia Rare Earths & Uranium Corp
Symbol API
Shares Issued 121,484,621
Close 2023-06-15 C$ 0.175
Market Cap C$ 21,259,809
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Appia Rare identifies Jesse zone at Alces Lake

2023-06-16 11:32 ET - News Release

Mr. Stephen Burega reports

APPIA ANNOUNCES DISCOVERY OF NEWLY IDENTIFIED JESSE ZONE

Appia Rare Earths & Uranium Corp. is making significant progress in its helicopter-supported prospecting, mapping and sampling programs with efforts focused on detailed regional ground exploration in the structural corridor south-southeast of its Magnet Ridge zone at Alces Lake, Saskatchewan.

"Early successes by our prospecting teams have led to the identification of a new high-priority surface showing called the Jesse zone which was discovered on the first day of field prospecting," stated Stephen Burega, president. "The prospecting team have now identified anomalies along the regional shear zone with biotite-rich pegmatite showings of up to 21,000 cps (counts per second) and the zone appears to be 85-plus metres in strike length and 20-plus m in width at surface.

"The company uses radioactivity counts captured using a scintillometer (tracking potassium (K), uranium (U) and thorium (Th) levels with a focus on Th levels) to vector into monazite mineralization at surface. And these signal units are measured as counts per second (cps). Higher cps levels is a positive indicator for our prospecting crews as they look for new targets along the structural corridor," Mr. Burega stated.

Summary:

  • The overall area is consistently producing 1,500 to 3,000 cps from scintillometer readings with numerous hot spots of 5,000 to 7,000 cps.
  • Multiple thick biotite-rich pegmatites occur with biotite schists (that is, glimmerites, the pebbly bio-schist unit) within a 400 m radius area containing scattered readings of 2,000 cps.
  • The team believes that the numerous surface showings are connected under overburden.
  • Detailed mapping and sampling continue at the Jesse zone to confirm the full extent of this new zone.

"This is a great start to the exploration season, and the Jesse zone will certainly warrant exploratory drilling once we have completed the stepout drill program currently under way at Magnet Ridge," Mr. Burega continued.

The helicopter-supported prospecting programs in the structural corridor area aim to identify and evaluate potential mineralization within this promising geological zone. By utilizing advanced techniques and data collection methods, Appia is enhancing its understanding of the corridor's mineral potential.

About Appia Rare Earths and Uranium Corp.

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The company 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. The company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The company also has a 100-per-cent interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake camp, Ontario.

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