Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0, A0I0.F, A0I.MU, A0I.BE) recently provided an update on its newly acquired Cachoeirinha rare earths project (“PCH Project”) located near Iporá in the state of Goiás, Brazil. According to the announcement, the update results from a due diligence field visit and project review by Appia personnel, including Don Hains, an expert in industrial minerals. “Mineralization is widespread across the property with the most advanced target being a 2 km wide zone in the SW corner of the tenements known as Target 4,” said Don Hains, senior consulting geologist and QP. “The exploration work by the vendor showed REE enrichment in the soils to depths of 8 to 26 m with the majority in the upper 8-10 m. Total REE grades in numerous auger holes drilled at Target 4 ranged from 274 ppm to 16,648 ppm (1.66%), with an average of 1,291 ppm total REE and, importantly, the valuable rare earths used in magnet applications (Pr, Nd, Tb and Dy) + Y accounted for approximately 14% of total rare earths, with a maximum of 28.4%.”
In addition, Appia announced the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101”) technical report dated May 30, 2023, and effective Jan. 31, 2023. The technical report is in respect to Appia’s 100% owned Alces Lake property located in the prolific Athabasca Basin, Saskatchewan. Authored by Al Workman, P.Geo., F.SEG, F.AusIMM, senior geologist, Watts, Griffis and McOuat, Geological and Mining Consultants, the report provides an update on exploration previously reported in March 2021 by Appia with respect to Alces Lake and recommends a follow up exploration program for the property. A copy of the technical report is available on the company’s SEDAR issuer profile at www.sedar.com.
To view the full press release, visit https://ibn.fm/Dfqej and https://ibn.fm/KVZTi
About Appia Rare Earths & 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% 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. For more information about the company, visit www.appiareu.com.
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