11:12:35 EDT Thu 02 May 2024
Enter Symbol
or Name
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CA



Appia Rare Earths & Uranium Corp
Symbol API
Shares Issued 136,333,594
Close 2024-04-16 C$ 0.125
Market Cap C$ 17,041,699
Recent Sedar Documents

Appia's PCH at 6.6 Mt of 2,513 ppm TREO indicated

2024-04-16 11:30 ET - News Release

Mr. Tom Drivas reports

APPIA FILES NI 43-101 TECHNICAL REPORT ON MAIDEN INDICATED AND INFERRED MINERAL RESOURCE ESTIMATE FOR THE PCH IONIC ADSORPTION CLAY PROJECT IN GOIAS, BRAZIL

Appia Rare Earths & Uranium Corp. has filed an independent technical report prepared in accordance with National Instrument 43-101 for the PCH ionic adsorption clay (IAC) project, located in the state of Goias, Brazil. The report entitled 'Technical Report on the Maiden Mineral Resource Estimate for The PCH Project, State of Goias, Brazil' dated April 15th, 2024 with an effective date of February 1, 2024 (the "PCH MRE Report"). The PCH MRE Report was co-authored by Yann Camus, P.Eng., Marc-Antoine Laporte, P.Geo., M.Sc., and Sarah Dean, P.Geo., of SGS Canada Inc. ("SGS"), all of whom are independent qualified persons under NI 43-101. The PCH MRE Report is available for review on SEDARplus (www.sedarplus.com) and the Company's website www.appiareu.com.

There are no material differences in the PCH MRE Report from those results disclosed in the Company's press release issued March 1, 2024. (Click Here).

Stephen Burega, President, commented, "The PCH MRE Report has outlined both exceptional grade and volume across both Target IV and Buriti zones which cover a total area of approximately 480 hectares. Within Target IV Appia has identified a high-grade zone with an inferred resource totalling 13.5 Mt at an average grade of 7307 parts per million (PPM) TREO."

He continued, "The data generated from the first 300 drill holes at PCH has provided our team with a strong geological signature to track and confirm additional high-grade mineralization at newly identified ionic adsorption clay targets across the remaining tenements which encompass a very large area of over +40,000 hectares. The phase II auger drilling program is currently well underway, and we look forward to reporting on results as data becomes available."

The Mineral Resource Statement prepared by SGS for the PCH Project is detail below.

Phase II Auger Drilling Across the PCH Project

The Company also wishes to announce the expansion of its auger drilling exploration program aimed at the identification of new Ionic Adsorption Clay (IAC) targets on the remaining claims to the east and north of Target IV and Buriti Zones, on its 40,963.18 ha. PCH project within the Goias State of Brazil. The geological environment of the remaining tenements is equivalent to the one characterized on Target IV, and it will be tested during the Phase II auger drilling program.

The selection of the new target zones to be tested was based on three primary factors including:

  • A similar geological formation which the Company has identified as the Ipora Granite;
  • Similar weathering profile development with well-developed transition zone between Pedolith and Saprolites where the Ionic Adsorption Clays occur; and
  • Positive showing of the related gammaspectometric geophysical response.

Qualified Person

The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.

The MRE has been prepared by Yann Camus, P.Eng., of SGS Canada Inc ("SGS") from Blainville, Quebec and is a Qualified Person (QP) as defined under NI 43-101. He is responsible for the MRE and has reviewed and approved the scientific and technical information related to the MRE contained in this news release.

About Appia Rare Earths & Uranium Corp. (Appia)

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 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Project (See June 9th, 2023 Press Release - Click HERE) which is 40,963.18 ha. in size and located within the Goias State of Brazil. (See January 11th, 2024 Press Release - Click HERE).

Appia has 136.3 million common shares outstanding, 144.5 million shares fully diluted.

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