Feb 7 2017
Appia Energy Corp. (the "Company or "Appia") (CSE:API) (CSE:API.CN) is pleased to announce the completion of two ground gravity surveys and the addition of two more ground gravity surveys on its Loranger property (the "Property"). The gravity surveys are being carried out by MWH Geo-Surveys Ltd. of Vernon, BC. The purpose of the surveys is to identify clay alteration halos that are commonly associated with Athabasca Basin high-grade uranium deposits. The Property is located 28 km southeast of Cameco's Rabbit Lake mill, Athabasca Basin, northern Saskatchewan.
The completed gravity surveys covered two priority exploration areas, namely the conductive structural corridor that includes the Royal Canadian Ventures Grid No 2 area and the conductive structural corridor on the west side of the Major Tabbernor Fault (see Appia News Release dated January 17, 2017). Both surveys identified gravity lows coincident with i) previously defined conductive structural corridors and ii) cross-cutting N-S oriented Tabbernor Faults. The combination of gravity lows, conductor jogs and/or breaks, and cross-cutting faults are common features associated with Athabasca uranium deposits. In particular, the lenticular shaped gravity low identified on Grid 1 shares numerous similarities with NexGen Energy Ltd.'s Arrow uranium deposit (201.9 M lbs. U3O8, NexGen Energy Ltd. News Release dated March 3, 2016) which includes the size, shape and amplitude of the gravity low, as well as the dislocation of the conductive corridor across the gravity low.
In light of the favourable gravity survey results, the gravity program has been extended to cover an additional 31.4 km of the 94.0 km of primary structural corridors that were identified on the Property from the recently completed airborne VTEM™ Max EM and magnetic survey (see Appia News Release dated December 13, 2016). The extended gravity surveying will cover more than twice as much ground as the initial two gravity surveys. Figure 1 of this News Release displays the results of the two completed gravity surveys and outlines the locations of the additional gravity surveys.
A diamond drill hole program is planned to commence in mid-February. The program will consist of approximately 15 drill holes totalling 2,000 metres in length, and will be supervised by James Sykes, who has had direct and indirect involvement with the discovery of over 350 M lbs. U3O8 in five deposits in the Athabasca Basin. Drill holes will target the most prospective areas identified from both the recently completed airborne VTEM™ Max EM and magnetic surveys, and the current ground gravity surveys.
Source: http://www.appiaenergy.ca/