Appia Energy Corp. (CSE:API) is pleased to announce the acquisition of two groups of contiguous mineral claims in the Athabasca Basin (the “Basin”) area in northern Saskatchewan. (Please refer to the Company’s website, www.appiaenergy.ca for a location map and other information about the properties.)
According to the news:
The “Otherside” and the “Loranger” properties were staked on the basis of similar geological and geophysical signatures to known high-grade, large-tonnage uranium deposits in the Basin: Fission Uranium Corp’s Triple R deposit, NexGen Energy’s Arrow deposits, and others.
The Otherside property encompasses 21,868 ha. (54,037 acres), straddles a 40 km-long corridor hosting multiple discrete conductors with associated magnetic gradients and gravity lows, within the north central Athabasca basin.
The Loranger property comprises 24,755 ha. (61,171 acres), centered on 4 individual conductors with an aggregate length of 84 km of which 82 km is untested. The property is hosted within the basement rocks of the Wollaston Domain, near the deposit rich eastern margin of the Basin.
Exploration of these properties will be under the direction of James Sykes, who was recently appointed by Appia as Director of Saskatchewan Operations. James is a geologist specializing in uranium exploration in the Basin, and was directly involved in several of the recent major uranium discoveries within the region.
Click here to view the full press release.
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